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China's Financial Institutions Report Rising Assets
Xinhua
DATE:  Sep 21 2021
/ SOURCE:  Xinhua
China's Financial Institutions Report Rising Assets China's Financial Institutions Report Rising Assets

(Yicai Global) Sept. 21 -- Assets of China's financial institutions totaled CNY 371.26 trillion (about USD 57.56 trillion) by the end of the second quarter of this year, official data showed.

The volume increased by 9.1 percent year on year, according to the preliminary statistics released by the People's Bank of China (PBOC).

China's banking sector held CNY336 trillion at the end of the second quarter, up 8.6 percent year on year, the PBOC said.

The securities institutions reported CNY 11.27 trillion 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 CNY 23.99 trillion.

The total liabilities of China's financial institutions came in at CNY 337.63 trillion at the end of the second quarter, up 8.9 percent year on year, PBOC data showed. 

 

Editor: Chen Juan

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Keywords:   Finance,Assets,PBoC