Money
China's banking assets grow 19.7% in 2010
Updated: 2011-01-22 10:36
(Xinhua)
BEIJING - The total domestic assets of Chinese financial institutions in the banking sector rose 19.7 percent year-on-year in 2010 to 94.3 trillion yuan ($14.3 trillion), China's banking regulator said on Friday.
Financial institutions in the banking sector refers to commercial banks, deposit taking urban- and rural-credit cooperatives and policy banks.
Their combined liabilities rose 19 percent year-on-year to 88.4 trillion yuan in 2010, the China Banking Regulatory Commission (CBRC) said.
Large-scale commercial banks' assets grew 14.4 percent to 45.9 trillion yuan last year.
The liabilities of large-scale commercial banks rose 13.5 percent year-on-year to 43 trillion yuan.
The liabilities of joint-stock commercial banks increased 25.2 percent to 14 trillion yuan.
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