Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Economy

China banking sector onshore assets up 14.6 pct

March 29, 2017


Abstract : Chinese banks held 230 trillion yuan (33.4 trillion U.S. dollars) in onshore assets as of the end of February, according to data released by the China Banking Regulatory Commission on Tuesday.

BEIJING, March 28 (Xinhua) -- Chinese banks held 230 trillion yuan (33.4 trillion U.S. dollars) in onshore assets as of the end of February, according to data released by the China Banking Regulatory Commission on Tuesday.

The volume marked an increase of 14.6 percent year on year, the banking regulator said.

By the end of February, lenders' onshore liabilities rose 14.7 percent to reach 212.3 trillion yuan, the data showed.

The combined onshore assets of China's "big five" lenders -- the Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, China Construction Bank, and Bank of Communications -- came in at 83.1 trillion yuan by the end of last month, accounting for 36.1 percent of the total assets in the industry.

China's more than 130 city commercial banks, which were founded in 1995 through shareholding reform of urban credit cooperatives, recorded 28.9 trillion yuan in total assets, accounting for 12.6 percent of the industry's total.

Scan the QR code and push it to your mobile phone

Keyword: China-banks

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial