BEIJING, Aug. 24 (Xinhua) -- China's commercial banks maintained overall stable operation in the first half of this year despite falling profitability, the Xinhua-run China Securities Journal reported.
By the end of June, the banking sector's main indicators were all within a reasonable range.
According to the China Banking and Insurance Regulatory Commission (CBIRC), the liquidity coverage of commercial banks amounted to 142.4 percent during the period, while their capital adequacy ratio reached 14.21 percent.
The commercial banks made combined net profit of 1 trillion yuan from January to June, down 9.4 percent year on year.
It is estimated that China's banking industry will dispose of 3.4 trillion yuan worth of non-performing loans, up 1.1 trillion yuan from last year.
In the future, the commission will further encourage commercial banks to ramp up support for the development of the real economy, according to an official with the CBIRC.
(Edited by Yang Yifan with Xinhua Silk Road, yangyifan@xinhua.org)
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