Total Assets of China’s Financial Sector Exceed USD$47 Trillion at End of First Quarter 2020

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The latest data from the Chinese central bank indicates that assets of the Chinese financial sector cross the USD$47 trillion threshold in the first quarter of 2020.

Preliminary data from the People’s Bank of China (PBOC) indicates that China’s financial sector institutions had total assets of 332.94 trillion yuan (approx. USD$47.01 trillion) as of the end of the first quarter of 2020, for YoY growth of 9.8%.

Banking sector assets were 302.39 trillion yuan, for YoY growth of 9.5%, while securities sector institutions had total assets of 8.83 trillion yuan, for YoY growth of 13.5%.

Financial sector liabilities were 302.59 trillion yuan as of the end of the first quarter of 2020, for YoY growth of 9.5%.

Assets and liabilities of Chinese financial sector institutions as of the end of Q1 2020

Balance (trillion yuan)YoY Growth
Total assets of Chinese financial sector institutions332.949.8%
Banking sector302.399.5%
Securities sector8.8313.5%
Insurance sector21.7213.7%
Liabilities of Chinese financial sector institutions302.599.5%
Banking sector276.919.1%
Securities sector6.4615.6%
Insurance sector19.2214.1%
Owners’ equity of Chinese financial sector institutions30.3512.8%
Banking sector25.4813.4%
Securities sector2.388.2%
Insurance sector2.5010.4%

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