China's banking assets reach 423.8 trillion yuan, non-performing loans decrease, and capital adequacy remains strong.

China's banking sector has seen steady asset growth, with a 7% year-on-year increase to 423.8 trillion yuan ($59.43 trillion USD) by end-July. The non-performing loan ratio has decreased to 1.61% and the capital adequacy ratio stands at 15.53%, indicating a strong capacity to manage risks. The financial regulator plans to help banks optimize their asset-liability structures and explore new profit growth opportunities.

August 21, 2024
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