BEIJING, Aug. 7 (Xinhua) -- Foreign banks in east China's Shanghai maintained a good development trend in the first half of the year, with their total assets totaling 1.53 trillion yuan, increasing 12.6 percent year on year, according to the local authority on Tuesday.
As of the end of June, total assets of the foreign banks in Shanghai accounted for 10.2 percent of those of the entire banking industry in Shanghai, maintaining above the level of more than 10 percent since October 2017.
The foreign banks in Shanghai saw the non-performing loan rate stand at 0.39 percent in the first half of the year, down 0.12 percentage points year on year.
The local authority believes that foreign banks in Shanghai should comprehensively grasp the opportunities of China's further opening-up, fully mobilize resources of their parent banks (head offices) and their own, and strengthen cooperation with the Chinese banks. (Edited by Hu Pingchao, hupingchao@xinhua.org)
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