(Bloomberg) -- China's banking industry assets recorded their slowest year-on-year growth ever last month, reaching 258 trillion yuan ($37 trillion) in October. The 6.6 percent pace is the worst since the country's banking regulator started publishing data in 2011. Financial deleveraging, tighter money supply and a struggling economy have contributed to the slowing asset expansion.
To contact Bloomberg News staff for this story: Lucille Liu in Beijing at xliu621@bloomberg.net;Jun Luo in Shanghai at jluo6@bloomberg.net
To contact the editors responsible for this story: Sam Mamudi at smamudi@bloomberg.net, Matt Turner
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