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January 22, 2011

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Assets rise

THE total domestic assets of Chinese financial institutions in the banking sector rose 19.7 percent year on year to 94.3 trillion yuan (US$14.31 trillion) in 2010, the country's banking regulator said yesterday.

Financial institutions in the banking sector refers to commercial banks, deposit-taking urban- and rural-credit cooperatives and policy banks.

Their combined liabilities rose 19 percent year on year to 88.4 trillion yuan in 2010, the China Banking Regulatory Commission said.



 

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