China's banking assets top $23 trillion by June-end

BEIJING: Total assets in China's banking industry hit 144.2 trillion yuan (USD 23.26 trillion) by June-end, clocking a rise of 13.78 per cent compared to a year earlier, according to China Banking Regulatory Commission.

The growth rate was 3.25 percentage points lower than that at the end of March this year, the commission said, adding that the gross liabilities of Chinese banks rose 13.46 per cent year-on-year through the same period.

It said the non-performing loans in Chinese commercial banks reached 539.5 billion yuan at the end of June, climbing 13 billion yuan from that at the end of March, state run Xinhua news agency reported.

The non-performing loans ratio in the country's banking sector stood at 0.96 per cent at the end of June, unchanged from three months earlier.