China's banking assets top $23 trln by June

Total assets in China's banking industry hit 144.2 trillion yuan (23.26 trillion U.S. dollars) by the end of June, up 13.78 percent from one year earlier, the China Banking Regulatory Commission said on Wednesday.

The growth rate was 3.25 percentage points lower than that at the end of March this year, the commission said, adding that the gross liabilities of Chinese banks rose 13.46 percent year on year through the same period.

It said the non-performing loans in Chinese commercial banks reached 539.5 billion yuan at the end of June, climbing 13 billion yuan from that at the end of March.

The non-performing loans ratio in the country's banking sector stood at 0.96 percent at the end of June, unchanged from three months earlier.