Chinese bank assets worth US$7.3t

China’s banking sector had US$7.31 trillion (RMB52.60 trillion) in total assets and US$6.88 trillion (RMB49.57 trillion) in total liabilities as at the end of 2007, the China Securities Journal reported, citing figures from the China Banking Regulatory Commission. The top five state-owned commercial banks – ICBC, Agricultural Bank of China, China Construction Bank, Bank of China and Bank of Communications  – accounted for 53.2% of the total assets, up 15.6% year-on-year. City-level commercial banks had 6.4% of total assets, up 28.8% year-on-year. China’s banking regulator also said the non-performing loan ratio at all commercial banks on the mainland stood at 6.17% for the whole year, slightly lower than that for the third and fourth quarter of last year.