This undated file photo shows a worker counting Chinese currency renminbi (RMB) at a bank in Linyi, East China's Shandong province. (PHOTO / XINHUA)
BEIJING - China's financial institutions saw expanded balance sheets in the first quarter of this year, official data showed.
ALSO READ: China imposed US$354m in fines on financial institutions in 2020
The combined liabilities of China's financial institutions rose 9.6 percent from a year earlier to 331.6 trillion yuan, data from the People's Bank of China showed
The country's financial institutions saw their combined assets increase 9.5 percent year on year to 364.62 trillion yuan (US$57.1 trillion) by the end of Q1, while their combined liabilities rose 9.6 percent from a year earlier to 331.6 trillion yuan, data from the People's Bank of China showed.
Banking institutions, accounting for the lion's share of the financial industry, reported a 9 percent rise in total assets, while companies in the securities industry saw their combined assets jump 22.1 percent year on year by the end of Q1.
READ MORE: PBOC: Reserve ratio for financial institutions drops to 9.4%
The country's insurers reported combined assets of 24.26 trillion yuan, up 11.7 percent year on year, the central bank data showed.
Copyright 1995 - 2024. All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily. Without written authorization from China Daily, such content shall not be republished or used in any form.
CHINA DAILY HONG KONG NEWS |
OPEN |