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China's banking institutions report growth in total assets, liabilities

Updated: Apr 04,2020 06:04 PM    Xinhua

BEIJING — China's banking financial institutions saw an increase in total assets and liabilities, data from the country's top banking and insurance regulator showed.

By the end of February, total assets of these financial institutions, including commercial banks, policy banks and rural credit cooperatives, climbed 8.2 percent from one year earlier to 288.25 trillion yuan ($40.54 trillion), according to the China Banking and Insurance Regulatory Commission (CBIRC).

Total liabilities of these institutions reached 263.23 trillion yuan at the end of February, up 7.7 percent from the same period last year.

The growth rates of total assets and liabilities, important indicators for the health of the banking industry, exceeded or equaled to those posted at the end of January.

The CBIRC data showed commercial banks' total assets, which accounted for 82.5 percent of banking institutions' total assets, expanded 9.1 percent during the period, while their liabilities climbed 8.6 percent from one year earlier.

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