The balance and ratio of major Chinese commercial banks' non-performing loans (NPLs) stood at 364.6 billion yuan ($55.5 billion) and 1.15 percent, respectively, by the end of 2010, marking a sharp contrast from the 2002 level of 2.28 trillion yuan ($345 billion) and 23.61 percent, said Liu Mingkang, Chairman of China Banking Regulatory Commission (CBRC).

The total value of Chinese banks' assets more than tripled from that of 2003 to hit 95.3 trillion yuan ($14.44 trillion) by the end of last year while net profit was 28 times the 2003 level, said Liu.

By the end of last year, outstanding loans to small enterprises by banks and financial institutions hit 7.3 trillion yuan ($1.1 trillion), accounting for 24 percent of total loans to enterprises, he said.