Money

Assets of China's banking industry hit 101.2t yuan

(Xinhua)
Updated: 2011-05-14 10:43

BEIJING - Assets of China's banking financial institutions rose in value 18.9 percent year-on-year to 101.2 trillion yuan ($15.57 trillion) by the end of March, the country's banking regulator said Friday.

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Total liabilities of the country's banking industry stood at 95 trillion yuan at the end of March, up 18.2 percent from a year earlier, the China Banking Regulatory Commission (CBRC) said in an online statement.

By the end of March, large commercial banks' assets increased in value 13.8 percent year-on-year to 49.8 trillion yuan while that of joint-stock banks surged 25.2 percent to 15.9 trillion yuan, said the statement.

Liabilities of large commercial banks rose 12.9 percent year-on-year to 46.7 trillion yuan while those of joint-stock banks stood at 15 trillion yuan, up 24.5 percent from a year earlier, it said.