China banking sector onshore assets up 16.5 pct

Chinese banks held 219.61 trillion yuan (31.7 trillion U.S. dollars) in onshore assets as of the end of October, according to data released by the China Banking Regulatory Commission on Friday.

The volume was up 16.5 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 80.32 trillion yuan by the end of last month, accounting for 36.6 percent of the total assets in the industry.

By October, the lenders' onshore liabilities rose 16.4 percent to reach 202.47 trillion yuan, the data showed. Endit