Chinese banking sector's assets up 9.2 pct

Source: Xinhua| 2021-07-17 11:18:25|Editor: huaxia

BEIJING, July 17 (Xinhua) -- Onshore assets of China's banking sector continued to expand in the first half of the year while the industry's non-performing ratio saw a slight decrease as the economic recovery firmed up.

By the end of June, the total assets of China's banking industry reached 328.8 trillion yuan (about 50.8 trillion U.S. dollars), up 9.2 percent from a year earlier, according to the China Banking and Insurance Regulatory Commission.

Lenders' outstanding non-performing loans came in at 3.5 trillion yuan, with the bad loan ratio at 1.86 percent, down 0.08 percentage points from the ratio seen at the start of the year, the data showed.

The data also showed that the total assets of the insurance industry stood at 24.8 trillion yuan by the end of June, up 12.7 percent year on year. Enditem