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China banking sector onshore assets up 15.9% to $31 trillion

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Staff writer ▼ | June 1, 2016
Chinese banks
Asia   Onshore liabilities of Chinese banks rose 15.4 percent

Chinese banks held 204.3 trillion yuan ($31 trillion) in onshore assets by the end of April, according to data released by the China Banking Regulatory Commission.

The volume was up 15.9 percent year on year, the banking regulator said.

The combined onshore assets of China's "big five" lenders, including the Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, China Construction Bank, and Bank of Communications, came in at 75.8 trillion yuan by the end of last month, accounting for 37.1 percent of the total assets in the industry.

By April, the lenders' onshore liabilities rose 15.4 percent to reach 188 trillion yuan, the data showed.

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