Chinese banks' assets, liabilities grow

0 Comment(s)Print E-mail Xinhua, November 25, 2015
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Total assets and liabilities of Chinese banking institutions increased in October, according to data released Wednesday by the country's top banking regulator.

As of the end of October, onshore assets of China's banking institutions, including commercial banks, policy banks and rural credit cooperatives, climbed 15 percent from one year earlier to 188.6 trillion yuan (29.5 trillion U.S. dollars), according to the China Banking Regulatory Commission (CBRC).

Total liabilities of these institutions reached 174 trillion yuan at the end of last month, a 14.3-percent increase over the same period last year.

The growth rates of total assets and liabilities, important indicators of the health of the banking industry, remained flat compared with levels posted at the end of September.

The CBRC data showed that commercial banks' total assets gained 15.4 percent during the period, while their liabilities grew 15.1 percent. The growth rates decelerated from figures at the end of September.

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