According to the record of China Banking Regulatory Commission disclosed on October 19 the total assets and liabilities in terms of both Chinese and foreign currencies stood at 30.15 trillion yuan and 29.02 trillion yuan respectively in the domestic books of the country's banking sector by the end of September this year. And the four asset management companies responsible for dealing with bad assets of the state-owned commercial banks disposed 587.6 billion yuan of non-performing assets (NPA).

The assets and liabilities increased by 12.1 percent and 12.2 percent respectively over the same period of last year. State-onwed commercial banks held 16.3 trillion yuan, up 8.1 percent. Joint-stock commercial banks had 4.41 trillion yuan of assets, up 21.4 percent. Assets of city commercial banks registered 1.57 trillion yuan, a jump of 16.8 percent. And the remaining 7.86 trillion yuan was in hands of other financial institutions, a rise of 15.2 percent.

Liabilities on the books of state-owned commercial banks, joint-stock commercial banks, city commercial banks and other financial institutions reached 15.65 trillion yuan, 4.26 trillion yuan, 1.52 trillion yuan and 7.6 trillion yuan. All of the entities experienced growing liabilities ranging from about 8 percent to 21 percent.

The four assets management firms recovered 120.21 billion yuan by the end of September which was 20.46 percent of the disposed bad assets. Among them, the Great Wall Asset Management Corporation targeting NPA of Agricultural Bank disposed the most bad assets which was worth more than 183 billion yuan. And 33.2 percent of bad assets under the operation of Cinda for NPA of Construction Bank (CCB) was recovered. Huarong for Industrial and Commercial Bank (ICBC) disposed 174.56 billion yuan and recovered 35.51 billion yuan. Orient for Bank of China (BOC) did with 96.68 billion yuan and recovered 21.16 billion yuan.

By People's Daily Online