BEIJING — Profits of China's commercial banks remained stable in the first half of 2022, rising 7.1 percent year-on-year, according to the country's top banking regulator.

From January to June, commercial banks made a combined net profit of 1.2 trillion yuan (about $176.3 billion), data from the China Banking and Insurance Regulatory Commission showed.

The commercial lenders' capital adequacy ratio came in at 14.87 percent at the end of June, down 0.14 percentage points from the end of the first quarter.

The lenders' non-performing loan ratio was 1.67 percent at the end of June, down 0.02 percentage points from the end of March, the data showed.