China's financial institutions' assets up 10.1 pct
BEIJING, Dec. 25 (Xinhua) -- China's financial institutions saw expanded balance sheets by the end of the third quarter (Q3) of 2022, official data showed.
The country's financial institutions saw their combined assets increase 10.1 percent year on year to 413.46 trillion yuan (about 59.23 trillion U.S. dollars) by the end of Q3, while their combined liabilities rose 10.3 percent from a year earlier to 376.61 trillion yuan, data from the People's Bank of China showed.
Banking institutions -- accounting for the lion's share of the financial industry -- reported a 10.2-percent rise in total assets, while companies in the securities industry saw their combined assets jump 7.3 percent year on year.
The country's insurers reported combined assets of 26.71 trillion yuan, up 9.8 percent year on year, central bank data showed.
Photos
Related Stories
- China's central bank injects liquidity into market in November
- Key takeaways from Annual Conference of Financial Street Forum 2022
- Chinese market welcomes qualified foreign financial institutions: official
- China front-loads 2023 central budget funds
- Fiscal capital earmarked for water conservancy, rural revitalization
Copyright © 2022 People's Daily Online. All Rights Reserved.