It was learned recently that Yiwu has become the No.1 city with the largest volume of deposits and loans in financial institutions among all the counties and cities in Zhejiang.

By the end of June, the deposit balance of domestic and foreign currencies in financial institutions in Yiwu has reached 97.735 billion yuan, and the total loan balance reached 66.383 billion yuan. The total volume of deposits and loans both rank top among the counties and cities in Zhejiang Province. At present, the financial scale of Yiwu has exceeded many prefecture-level cities in Zhejiang, and is approaching the financial scale of some western provinces such as Qinghai and Ningxia.

As the area with the highest capital buoyancy in China, the financial industry in Yiwu manifests a stable trend of development against the backdrop of macroeconomic control. According to the Yiwu Branch of the People¡¯s Bank of China, in the first half of year 2008, the city¡¯s deposit volume in the financial institutions is rising significantly, with a year-on-year growth of 19.4% at the end of June. Due to the tightening policy in the currency credit market, the increased rate of loans is falling, with a year-on-year growth of 16.49% at the end of June. The financial channels are smooth and effective.