China's major commercial banks posted outstanding performance in 2018, with their net profits standing at 957.3 billion yuan, meaning that they made an average daily net profit of 2.623 billion yuan, data from the China Banking and Insurance Regulatory Commission (CBIRC) showed recently.
In 2018, the commercial banks held 9.853 billion in assets, up 5.97 percent year on year, which was significantly slower than the growth rate in the previous year.
By the end of the fourth quarter in 2018, the RMB and foreign currency assets of China's banking industry rose 6.27 percent year on year to 2.68 trillion, posting a falling growth rate compared with that of 8.68 percent in the same period of 2017, Shanghai Securities News reported on Tuesday.
In 2018, the commercial banks held 9.853 billion in assets, up 5.97 percent year on year, which was significantly slower than the growth rate in the previous year.
By the end of the fourth quarter in 2018, the RMB and foreign currency assets of China's banking industry rose 6.27 percent year on year to 2.68 trillion, posting a falling growth rate compared with that of 8.68 percent in the same period of 2017, Shanghai Securities News reported on Tuesday.
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