China’s banking establishments report rising property, liabilities

BEIJING, March 10 (Xinhua) — Chinese banking institutions held 265.1 trillion yuan (about 39.4 trillion U.S. dollars) in onshore assets by the end of January, official data showed.

The volume expanded 6.9 percent year on year, according to the China Banking and Insurance Regulatory Commission.

Their onshore liabilities rose 6.5 percent to 243.3 trillion yuan, said the regulator.

The combined onshore assets of commercial banks came in at 217.5 trillion yuan, up 8.2 percent, while their liabilities increased 7.8 percent to 200.3 trillion yuan.

City-based commercial banks recorded 35 trillion yuan in total onshore assets by the end of January, up 9.7 percent year on year. Rural financial institutions saw their assets expand 7.2 percent to 35.6 trillion yuan.