The total assets and liabilities of China's banking institutions increased by 8.
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The CBRC announced on Thursday that as of the end of December 2017, the total assets of China's banking institutions reached 245.78 trillion yuan, up 8.6% over the same period of the previous year with total liabilities of 226.37 trillion yuan, an increase of 8.3% over the same period of last year.
As of the end of last year, the total assets of commercial banks was about 190.42 trillion, an increase of 8.2% over the same period of last year. The total liabilities were 175.82 trillion, an increase of 7.9% over the same period of last year.
Among them, the total assets and total liabilities of large commercial banks increased by 7.1% and 6.9% respectively over the same period of last year; those of joint-stock commercial banks were 3.1% and 2.4% respectively.
In comparison, the total assets and total liabilities of City Commercial Banks grew by 12.3% and 11.9% respectively over the same period of the previous year, and still maintained double-digit growth. However, the growth rate more than 20% more than in the past has dropped sharply.
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