Money

China's banking assets up 20.4%

(Xinhua)
Updated: 2010-10-29 15:03

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.