Balance Sheets of Chinese Banks Continue to Expand in November

Chinese banking sector institutions saw year-on-year gains in their total assets and liabilities in November according to the latest data from the China Banking and Insurance Regulatory Commission (CBIRC).

As of the end of November the onshore assets of banking sector financial institutions in China stood at 259.91 trillion yuan, for a year-on-year rise of 6.3%, while their total liabilities stood at 238.52 trillion yuan, for a YoY increase of 5.8%.

Commercial banks saw a 6.6% rise in their total assets, and a 6.1% rise in their liabilities.

These growth rates mark a deceleration compared to the readings posted at the end of October.

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