Stable growth ahead for China's banking sector

China's banking sector will continue to see stable development this year but the banks may face slower profit growth and rising pressure on their asset quality, a report said on Wednesday.

Uncertainties in global economic growth, rising trade friction as well as stricter financial regulation at home would mean that Chinese banks will continue to face challenges, according to a report released by the China Banking Association.

The report is an annual review and assessment of the Chinese banking industry with a focus on areas such as the banks' asset quality, liability business and risk management capability.