CBIRC Releases 2019 Second Quarter Data for Chinese Banking and Insurance Sectors

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The China Banking and Insurance Regulatory Commission (CBIRC) has released its report on key performance indices for the Chinese banking and insurance sectors in the second quarter of 2019.

As of the end of the second quarter of 2019 Chinese banking sector financial institutions had 281.58 trillion yuan in domestic and foreign currency assets, for a YoY rise of 8.2%.

Large-scale commercial banks had 114.40 trillion yuan in domestic and foreign currency assets, accounting for 40.6% of the total, while their total assets saw a YoY rise of 8.3%.

Joint-stock commercial banks had 49.79 trillion yuan in domestic and foreign currency assets, accounting for 17.7% of the total, for a YoY rise of 8.4%.

Total assets of Chinese insurance companies were 19.5 trillion yuan as of the end of the second quarter, for an increase of 1.17 trillion yuan, or 6.4%, compared to the start of the year.

Asset insurance companies had total assets of 2.38 trillion yuan, for an increase of 1.5% since the start of 2019, while personal insurers had total assets of 15.82 trillion yuan, for a rise of 8.3%.

Reinsurance companies had total assets of 409 billion yuan, for a rise of 12.1%, and insurance asset management companies had total assets of 59.2 billion yuan, for a rise of 6.2%.

The micro and small-enterprise loan balance of banking sector financial institutions was 35.63 trillion yuan as of the end of the second quarter, including 10.7 trillion yuan in financial inclusion loans of 10 million yuan or less to single borrowers, for a YoY rise of 26.6%.

The non-performing loan balance of Chinese commercial banks was 2.24 trillion yuan as of the end of the second quarter, for an increase of 78.1 billion yuan compared to the end of the preceding quarter.

The NPL ratio of Chinese commercial banks was 1.81%, for an increase of 0.01 percentage points compared to the end of the preceding quarter.

As of the end of the second quarter the normal loan balance of Chinese commercial banks was 121.29 trillion yuan.

Chinese commercial banks achieved net profits of 1.13 trillion yuan in the first half of 2019, for a YoY rise of 6.5%.

The average asset profit ratio of Chinese commercial banks was 1.00%, for a decline of 0.02 percentage points compared to the end of the previous month, while the average capital-profit ratio was 13.02%, for a decline of 0.22 percentage points.

The core tier 1 capital adequacy ratio of Chinese commercial banks was 10.71% as of the end of the second quarter, for a decline of 0.23 percentage points compared to the end of the preceding quarter. The tier 1 capital adequacy ratio was 11.40%, for a decline of 0.11 percentage points, while the capital adequacy ratio was 14.12%, for a decline of 0.06 percentage points.

The liquidity ratio of Chinese commercial banks was 55.77% as of the end of the second quarter, for a decline of 1.04 percentage points compared to the end of the preceding quarter.

The renminbi excess reserve ratio was 2.33%, for a rise of 0.59 percentage points compared to the end of the preceding quarter.

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