BEIJING, Jan. 11 (Xinhua) -- The asset balance of China's financial institutions in banking industry registered 226.3 trillion yuan by the end of 2016, increasing 15.8 percent from a year ago, while the whole banking industry made net profit of 2 trillion yuan in the year, up 4 percent on year, according to China Banking Regulatory Commission (CBRC).
By the end of 2016, China's commercial banks saw 1.81 percent in non-performing loan ratio, 175.5 percent in provision coverage, 0.99 percent in asset profit ratio, 13.2 percent in capital profit ratio, and 13.3 percent in capital adequacy ratio, staying at a relatively sound level internationally.
In 2016, China's banking industry has made improvement in serving real economy with implementation of inclusive finance system. Meanwhile, establishment of private banks and consumer finance companies has been normalized.
Besides, China has smoothly pushed forward pilot programs for investment and loan linkage, initiated market-oriented debt-to-equity swap, launched overall shareholding system reform in financial asset management companies, and improved financing and trust registration system. Credit risk control in key areas has been strengthened without breakout of systematic risks. Enditem
(Edited by Li Xiaohui, lixh@xinhua.org)
A single purchase
