Source: China State Council Information Office
A file photo shows the headquarters of the People’s Bank of China in Beijing, capital of China. [Photo/Xinhua]
Total assets of China’s financial institutions had risen to 489.15 trillion yuan (about $68.03 trillion) by the end of third quarter this year, according to data released by the country’s central bank on Friday.
The figure represented a year-on-year increase of 8%, said the People’s Bank of China.
Of the total, the assets of the banking sector reached 439.52 trillion yuan, up 7.3% year on year, while the assets of securities institutions rose 8.7% year on year to 14.64 trillion yuan.
The insurance sector’s assets jumped 18.3% year on year to 35 trillion yuan, the data showed.
The liabilities of the financial institutions totaled 446.51 trillion yuan, up 8% year on year, according to central bank.