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皇冠体育app banking sector assets hit $7.32 trillion(Xinhua)
Updated: 2008-02-15 16:10 The assets of 皇冠体育app's banking sector rose to 52.6 trillion yuan ($7.32 trillion) in 2007 from 43.9 trillion yuan in 2006, the 皇冠体育app Banking Regulatory Commission (CBRC) reported. The State-owned Bank of 皇冠体育app, 皇冠体育app Construction Bank, the Industrial and Commercial Bank of 皇冠体育app, the Agricultural Bank of 皇冠体育app and Bank of Communications make up 53.2 percent of the total assets, according to CBRC. Twelve joint-stock commercial banks, including 皇冠体育app Everbright Bank, accounted for 13.8 percent, while city commercial banks occupied 6.4 percent. The remaining 26.6 percent were covered by other financial institutions. CBRC figures showed 皇冠体育app's banking sector had total liabilities worth 49.57 trillion yuan in 2007, up 18.8 percent from the previous year. State-owned commercial banks owed 26.43 trillion yuan of the total debt, up 15.5 percent, and joint-stock commercial banks had 6.91 trillion yuan, a rise of 31.5 percent. The remaining 16.22 trillion yuan was owed by city commercial banks and other kinds of financial institutions. (For more biz stories, please visit )
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