USEUROPEAFRICAASIA 中文双语Français
Business
Home / Business / Finance

China banking sector onshore assets up 15.7%

Xinhua | Updated: 2016-10-27 10:45

BEIJING - Chinese banks held 217.3 trillion yuan ($32.1 trillion) in onshore assets by the end of September, according to data released by the China Banking Regulatory Commission Wednesday.

The figure represented an increase of 15.7 percent year on year, the banking sector regulator said.

The combined onshore assets of China's "big five" lenders -- Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, China Construction Bank, and Bank of Communications -- came in at 79.5 trillion yuan by the end of last month, up 8.1 percent from a year earlier.

By September, the lenders' onshore liabilities rose 15.5 percent to reach 200.4 trillion yuan, data showed.

Due to a cooling economy, China's banks have seen a slower pace of profit growth in recent years.

Earlier official data showed the net profits of commercial lenders reached 899.1 billion yuan during the first half of the year, up 3.17 percent year on year.

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US