China's Banking Assets Grow 19.7 Pct in 2010

The total domestic assets of Chinese financial institutions in the banking sector rose 19.7 percent year on year in 2010 to 94.3 trillion yuan (14.31 trillion U.S. dollars), China's banking regulator said Friday.

Financial institutions in the banking sector refers to commercial banks, deposit-taking urban- and rural-credit cooperatives and policy banks.

Their combined liabilities rose 19 percent year on year to 88.4 trillion yuan in 2010, the China Banking Regulatory Commission (CBRC) said.

Large-scale commercial banks' assets grew 14.4 percent to 45.9 trillion yuan last year.

The assets of joint-stock commercial banks rose to 14.9 trillion yuan, up 26.1 percent from a year earlier, the statement posted on the CBRC website said.

The liabilities of large-scale commercial banks rose 13.5 percent year on year to 43 trillion yuan.

The liabilities of joint-stock commercial banks increased 25.2 percent to 14 trillion yuan.