China banking industry assets surge 21.3% yoy to 84.3 tln yuan by end of March: regulator

18:46, April 20, 2010      

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The assets held by China's banking industry totaled 84.3 trillion yuan (12.4 trillion U.S. dollars) by the end of March, up 21.3 percent year on year, the country's banking regulator said Tuesday on its website.

In a breakdown, assets of the state-owned merchant banks, the joint stock commercial banks and the city commercial banks totaled 42.9 trillion yuan, 12.6 trillion yuan and 6 trillion yuan, up 21.3 percent, 17.5 percent and 28.5 percent respectively, said the China Banking Regulatory Commission (CBRC).

Meanwhile, the industry's total liabilities had soared 21.4 percent from a year earlier to 79.5 trillion by March's closing, according to the statement.

Source: Xinhua


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