Latest News:  
Beijing   Thundershower    32 / 20 ℃  City Forecast

Home>>China Business

China's banking assets tops 105.8 trillion yuan by 2011


15:05, June 09, 2012

BEIJING, June 8 (Xinhua) -- Total assets of China's banking sector had risen 19.1 percent year-on-year to 105.8 trillion yuan (16.8 trillion U.S. dollars) by the end of 2011, a report released by the People's Bank of China (PBOC), the central bank, showed Friday.

The number of business outlets of financial institutes totalled 200,000 as of the end of 2011 and the sector's workforce added 111,000 people from a year earlier to reach 3.19 million, said the report on the country's regional financial operation in 2011.

Financial institutes in China's eastern parts accounted for 60.2 percent of the sector's total assets, the report said.

In terms of asset growth, the western regions expanded most in 2011 at a rate of 21.8 percent, followed by 20.4 percent in the east, 18.6 percent in the northeast, and 17.5 percent in the middle parts.

Also, due to growing public awareness to asset management and the creation of more finanical products, deposits growth continued to slow, with the expanding rate in the east, middle, west and northeast areas pulling back 3.7, 1.1, 1.6, and 0.3 percentage points, respectively, according to the report.


Related Reading

Leave your comment0 comments

  1. Name


Selections for you

  1. Auto model, a hard job

  2. APF Tongren detachment conducts military training test

  3. Yoga, rest and play

  4. 60 years: Mass sports in China

Most Popular


  1. Why China, US argue over PM2.5 data
  2. Nation needs private capital for resource demand
  3. Int'l board could give local stocks a run for money
  4. SCO is strategic choice for members
  5. Conditions not ripe for farm land privatization
  6. 'Going Global' a win-win game for both sides
  7. China is a strategic and reliable partner
  8. Anti-monopoly push may fail to woo private capital
  9. Real benefits of high trade volume remain elusive
  10. Construction boom could hinder economic growth

What's happening in China

China cuts fuel prices for second time in a month

  1. College, one man's dream, another's headache
  2. Chinese replica Austrian village, controversy
  3. Beijing building 45-km underground water tunnel
  4. College entrance exam topics viewed as strange
  5. China cuts fuel prices to fight slowdown

China Features

  1. Maritime spat between China and DPRK
  2. The 24 solar terms
  3. High ticket prices, unaffordable landscapes
  4. Huangyan tensions
  5. 2012 Russia-China joint naval exercise

PD Online Data

  1. Spring Festival
  2. Chinese ethnic odyssey
  3. Yangge in Shaanxi
  4. Gaoqiao in Northern China
  5. The drum dance in Ansai