China's financial institutions see rising assets

This file photo shows an evening view of the Lujiazui area in east China's Shanghai. (Xinhua/Wang Xiang)

BEIJING, Dec. 17 (Xinhua) -- Assets of financial institutions in China rose to 452.82 trillion yuan (about 63.82 trillion U.S. dollars) at the end of the third quarter, up 9.5 percent year on year, according to the central bank.

Assets of the banking sector totaled 409.77 trillion yuan at the end of September, up 9.6 percent from a year earlier, and assets of securities institutions rose 4.6 percent to 13.46 trillion yuan, the People's Bank of China said in a statement.

Meanwhile, insurance sector assets hit 29.59 trillion yuan, up 10.8 percent from a year earlier.

Financial institution liabilities stood at 413.3 trillion yuan, up 9.7 percent year on year. Of the total, banking institution liabilities accounted for 376.38 trillion yuan, up 9.8 percent year on year.

Liabilities of securities institutions were 10.11 trillion yuan, up 4.4 percent year on year. Liabilities of insurance institutions were 26.81 trillion yuan, up 11.8 percent year on year.