The CBRC: Total banking assets over RMB 60 trillion

According to CBRC statistics, as of end-2008, the total assets of the banking sector amounted to RMB 62.4trillion, an increase of 18.6% year-on-year. The assets of the large commercial banks stood at RMB 31.8 trillion, an increase of 13.7%; the assets of the joint-stock commercial banks stood at RMB 8.8trillion, an increase of 21.6%; the assets of city commercial banks were RMB 4.1trillion, an increase of 23.7%; the assets of other financial institutions reached RMB 17.6trillion, an increase of 25.8%.

During the same period, the total liabilities of the banking sector amounted to RMB 58.6 trillion, in increase of 18.2% year-on-year. The liabilities of the large commercial banks stood at RMB 29.9trillion, an increase of 13.0%; the liabilities of the joint-stock commercial banks stood at RMB 8.4trillion, an increase of 21.1%; the liabilities of the city commercial banks were RMB 3.9trillion, an increase of 22.6%; and the liabilities of other financial institutions reached RMB 16.5trillion, an increase of 26.1%.