The China Banking Regulatory Commission (CBRC) reports the assets of China’s banking sector rose to RMB52.6 trillion yuan ($7.32 trillion) in 2007 from RMB43.9 trillion in 2006.

According to CBRC the state-owned Bank of China, China Construction Bank, the Industrial and Commercial Bank of China, the Agricultural Bank of China and Bank of Communications make up 53.2% of the total assets.

Twelve joint-stock commercial banks, including China Everbright Bank, accounted for 13.8%, while city commercial banks accounted for 6.4%. The remaining 26.6% were covered by other financial institutions.

CBRC figures showed China’s banking sector had total liabilities of RMB49.57 trillion in 2007, up 18.8% from the previous year.

State-owned commercial banks owed RMB26.43 trillion of the total debt, up 15.5%, and joint-stock commercial banks had RMB6.91 trillion, a rise of 31.5%. The remaining RMB16.22 trillion was owed by city commercial banks and other kinds of financial institutions.
Source: Window of China