China Daily (Hong Kong)

Financial institutio­ns’ assets increase


Assets of China’s financial institutio­ns rose 9 percent year-on-year to 371.26 trillion yuan ($57.56 trillion) by the end of the second quarter of this year, according to the preliminar­y statistics released by the People’s Bank of China, the central bank. China’s banking sector held 336 trillion yuan at the end of the second quarter, up 8.6 percent yearon-year, the PBOC said. The securities institutio­ns reported 11.27 trillion yuan of total assets by the end of the second quarter while assets of China’s insurance institutio­ns rose 9.2 percent from a year ago to 23.99 trillion yuan.

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