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China Daily | Updated: 2019-04-30 07:41
Govt and policies
Lending institutions see total asset growth
China's banking financial institutions saw an increase in total assets and liabilities, data from the country's top banking regulator showed. By the end of March, onshore assets of these institutions, including commercial banks, policy banks and rural credit cooperatives, climbed 7.7 percent from a year earlier to 268.76 trillion yuan ($39.93 trillion), according to the China Banking and Insurance Regulatory Commission (CBIRC). Total liabilities of these institutions reached 246.51 trillion yuan in March, a 7.3-percent increase over the same period last year.
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