China’s financial sector assets have seen a six trillion yuan increase over the past quarter alone.
Preliminary data indicates that as of the end of 2019, Chinese financial sector institutions had total assets of 318.69 trillion yuan (approx. USD$45.12 trillion), for a YoY rise of 8.6%, and total liabilities of 289.43 trillion yuan, for a YoY rise of 8.1%.
Figures released by the People’s Bank of China (PBOC) on 12 December previously indicated that the total assets of Chinese financial sector institutions was 312.46 trillion yuan (approx. USD$44.8 trillion) as of the end of the third quarter, for YoY growth of 8.1%.
As of the end of 2019 banking sector institutions in China had total assets of 290 trillion yuan, for a YoY rise of 8.1%, securities institutions had total assets of 8.12 trillion yuan, for a YoY rise of 16.6% and insurance sector institutions had total assets of 20.56 trillion yuan, for a YoY rise of 12.2%.
Banking sector institutions had total liabilities of 265.54 trillion yuan, for a YoY rise of 7.7%, and securities sector institutions had total liabilities of 5.81 trillion yuan, for a YoY rise of 20.4%. Insurance sector institutions had total liabilities of 18.08 trillion yuan, for a YoY rise of 10.8%.
Assets and liabilities of Chinese financial institutions as of the end of 2019
Balance (trillion yuan) | Year-on-Year growth (%) | |
Financial sector assets | 318.69 | 8.6 |
Banking sector assets | 290.00 | 8.1 |
Securities sector assets | 8.12 | 16.6 |
Insurance sector assets | 20.56 | 12.2 |
Financial sector liabilities | 289.43 | 8.1 |
Banking sector liabilities | 265.54 | 7.7 |
Securities sector liabilities | 5.81 | 20.4 |
Insurance sector liabilities | 18.08 | 10.8 |
Financial sector ownership rights | 29.25 | 13.4 |
Banking sector ownership rights | 24.47 | 13.0 |
Securities sector ownership rights | 2.31 | 8.1 |
Insurance sector ownership rights | 2.48 | 23.1 |
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