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Total Assets In Banking Industry Increase CNY 100 Tn Over The Past Decade

|Includes: ACGBY, Bank of China, Ltd. (BACHF), BACHY, CICHY, IDCBF

Source: Caijing, ChinaScope Financial (Data)

+ According to data released by China Banking Regulatory Commission, total assets in China's banking industry were CNY 122.92 trillion at the end of July 2012, compared to CNY 23.7 trillion at the end of 2002.

+ Aside from a 14 percent growth in 2004, banks' total assets grew at an annual rate of more than 17 percent over the last ten years. The figure exceeded CNY 50 trillion to CNY 53.1 trillion in 2007, while it surpassed CNY 100 trillion to CNY 111.5 trillion in 2011.

+ In addition, China's five major commercial banks (Bank of China, Industrial and Commercial Bank of China, Agricultural Bank of China, China Construction Bank, and Bank of Communications) accounted for approximately 90 percent of the total assets in China's banking industry in 2002, while the figure dived to 45 percent at the end of July 2012.

The steadily declining leverage ratio has now almost reached Basel level, recent increases in overdue loans might however cause asset erosion in the near future.