BEIJING, March 3 (Xinhua) -- China’s eight operating private banks recorded 180 billion yuan (about 26.15 billion U.S. dollars) in total assets at the end of last year, Cao Yu, vice chairman of China Banking Regulatory Commission (CBRC), said at a press conference on Thursday.
According to Cao, the eight private banks' loans outstanding had totaled 80 billion yuan by the end of 2016.
China’s private banks have developed in an orderly manner and make sound progress in 2016, said Cao, adding that the CBRC had given regulatory approval for the establishment of 12 private banks in 2016, and three of them have opened for business. Enditem (Edited by Yang Yifan, Yangyifan@xinhua.org)
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