Assets of China's banking financial institutions rose in value 18.9 percent year on year to 101.2 trillion yuan (15.57 trillion U.S. dollars) by the end of March, the country's banking regulator said Friday.

Total liabilities of the country's banking industry stood at 95 trillion yuan at the end of March, up 18.2 percent from a year earlier, the China Banking Regulatory Commission (CBRC) said in an online statement.

By the end of March, large commercial banks' assets increased in value 13.8 percent year on year to 49.8 trillion yuan while that of joint-stock banks surged 25.2 percent to 15.9 trillion yuan, said the statement.

Liabilities of large commercial banks rose 12.9 percent year on year to 46.7 trillion yuan while those of joint-stock banks stood at 15 trillion yuan, up 24.5 percent from a year earlier, it said.