The health of China's small- and medium-sized commercial banks reached a record high in 2008, the China Banking Regulatory Commission (CBRC) said in a statement yesterday.

According to the statement, the average capital adequacy ratio was 10.5 percent in joint-stock commercial banks, while city commercial banks achieved an average capital adequacy ratio of 13 percent, as of the end of 2008.

The asset quality and the capability to handle loan losses also improved in small- and medium-sized commercial banks.