Growth in Assets of Chinese Banks Decelerates in 2017

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Growth in the assets and debts of Chinese banks posted a modest deceleration in 2017.

The domestic assets of China’s banking sector financial institutions reached 245.78 trillion yuan (USD$38.99 trillion) at of the end of December, for an 8.6% year-on-year increase, according to data from the China Banking Regulatory Commission.

Domestic debt posted an 8.3% year-on-year increase to hit 226.37 trillion yuan, for a modest deceleration in both the asset and debt growth of Chinese banks compared to 2016.

CBRC said that China will continue to strengthen supervision of the banking sector this year, focusing in particular upon risk in relation to high corporate indebtedness and household leverage.

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