Money

China's banking assets up 20.4%

(Xinhua)
Updated: 2010-10-29 15:03
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BEIJING - Total domestic assets of Chinese financial institutions in the banking sector had risen 20.4 percent year-on-year to 90.6 trillion yuan ($13.1 trillion) by the end of September, China's banking regulator said on Friday.

Combined liabilities had risen 19.8 percent from a year ago to 85.2 trillion yuan by the end of September, the China Banking Regulatory Commission (CBRC) said.

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Large-scale commercial banks' assets had grown 15.3 percent year-on-year to 45 trillion yuan by the end of September while assets of joint-stock commercial banks had risen to 14.2 trillion yuan, up 27.5 percent from a year earlier, the statement said.

Liabilities at large-scale commercial banks rose to 42.4 trillion yuan, up 14.6 percent year-on-year, while those of joint-stock commercial banks increased 26.5 percent year-on-year to 13.4 trillion yuan.