Total assets and liabilities of Chinese banking institutions increased in September, according to data released Monday by the country's top banking regulator. As of the end of September, onshore assets of China's banking institutions, including commercial banks, policy banks and rural credit cooperatives, climbed by 15 percent from one year earlier to 188 trillion yuan (29.6 trillion U.S. dollars), according to the China Banking Regulatory Commission (CBRC).
Total liabilities of these institutions reached 174 trillion yuan at the end of last month, an 14.2-percent increase over the same period last year. The growth rates of total assets and liabilities, important indicators of the health of the banking industry, both slowed compared with levels reposted at the end of August. The CBRC data showed commercial banks' total assets gained 10 percent during the period, while their liabilities grew by 9.3 percent.
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