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Bank assets up
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THE total assets and liabilities of Chinese banking institutions increased in October, according to data released yesterday by the country’s top banking regulator.
The onshore assets of China’s banking institutions, including commercial banks, policy banks and rural credit cooperatives, rose 15 percent year on year to 188.6 trillion yuan (US$29.5 trillion), the China Banking Regulatory Commission said. The institutions’ total liabilities increased 14.3 percent in the period to 174 trillion yuan. The growth rates of total assets and liabilities, important indicators of the health of the banking industry, remained flat from September.
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