Commercial banks maintain steady growth

Interest rate liberalization had major impact on H1 net interest margins

Two of China's large State-owned commercial banks continued to optimize their credit structure and maintained steady growth in corporate loans, which vigorously supported development of the real economy, the part of the economy that produces goods and services.

At the end of June, the balance of domestic corporate loans and advances of China Construction Bank Corp stood at 6.85 trillion yuan ($956 billion), up 5.36 percent from the end of 2018.