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 institutions||332.94||9.8%|
|Liabilities of Chinese financial sector institutions||302.59||9.5%|
|Owners’ equity of Chinese financial sector institutions||30.35||12.8%|