As of the end of 2022 Q3, the total RMB and foreign currency assets of China’s banking institutions at home and abroad reached RMB 373.9 trillion, up by 10.2% year on year. Among those, assets of large commercial banks registered RMB 154.6 trillion, accounting for 41.3% of the total, and up by 12.7% year on year. Assets of joint-stock commercial banks reached RMB 65.2 trillion, accounting for 17.4% of the total, and up by 7.2% year on year.

At the end of 2022 Q3, total assets of the insurance companies amounted to RMB 26.7 trillion, an increase of RMB 1.8 trillion and up by 7.3% from the beginning of the year. Compared with the beginning of the year, assets of property and casualty insurance companies were RMB 2.7 trillion, up by 9.9%; assets of life insurance companies were RMB 22.9 trillion, up by 7.1%; assets of reinsurance companies recorded RMB 672.6 billion, up by 11.0%; assets of insurance asset management companies were RMB 102.4 billion, down by 0.6%.

The banking and insurance sectors continued to enhance financial services. As of the end of 2022 Q3, the outstanding balance of loans to micro and small enterprises (“MSEs”, including MSE loans, individual business owner loans and MSE owner loans) reached RMB 58 trillion. The outstanding balance of inclusive loans to MSEs with single account credit line not exceeding RMB 10 million reached RMB 22.9 trillion, up by 24.1% year on year. Loans to government-subsidized housing reached RMB 6.3 trillion.

As of the end of 2022 Q3, insurance companies had recorded primary insurance premium income of RMB 3.8 trillion, up by 5.0% year on year. The claim and benefit payments reached RMB 1.1 trillion, down by 0.97% year on year. The number of new insurance policies issued in the first three quarters of 2022 was 38.6 billion, up by 11.8% year on year.

Asset quality of commercial banks (calculated on a legal entity basis, the same below) was generally stable. As of the end of 2022 Q3, outstanding balance of NPLs of commercial banks was RMB 3 trillion, up by RMB 37.3 billion compared with the end of last quarter. The NPL ratio of commercial banks was 1.66%, a decrease of 0.01 percentage point compared with the end of last quarter.

As of the end of 2022 Q3, outstanding balance of performing loans of commercial banks was RMB 177.5 trillion, among which the balance of normal loans was RMB 173.5 trillion and the balance of special-mention loans was RMB 4 trillion.

Profit of commercial banks kept growing, with stronger resilience against risks. In the first three quarters of 2022, commercial banks had accumulated net profit of RMB 1.7 trillion, up by 1.2% year on year. The average ROE of commercial banks was 9.32%, and the average ROA was 0.75%, down by 0.78 percentage point and 0.06 percentage point respectively compared with the end of last quarter.

As of the end of 2022 Q3, the balance of loan loss provisions of commercial banks reached RMB 6.1 trillion, which increased by RMB 128.5 billion compared with the end of last quarter. The provision coverage ratio was 205.54%, up by 1.75 percentage points compared with the end of last quarter. The loan provision ratio was 3.41%, up by 0.01 percentage point compared with the end of last quarter.

As of the end of 2022 Q3, the capital adequacy ratio (CAR) of commercial banks (excluding branches of foreign banks) was 15.09%, up by 0.21 percentage point compared with the end of last quarter; tier 1 CAR was 12.21% and core tier 1 CAR was 10.64%, up by 0.13 percentage point and 0.12 percentage point respectively compared with the end of last quarter.

Liquidity of commercial banks remained sound. As of the end of 2022 Q3, the liquidity coverage ratio of commercial banks was 142.68%, down by 3.62 percentage points compared with the end of last quarter; liquidity ratio was 61.66%, down by 0.61 percentage point compared with the end of last quarter; the RMB excess reserve ratio was 1.56%, down by 0.11 percentage point compared with the end of last quarter; and the loan-to-deposit ratio (domestic loans and deposits denominated in RMB) was 78.65%, up by 0.21 percentage point compared with the end of last quarter.

Solvency status of the insurance sector. At the end of 2022 Q2, the average comprehensive solvency ratio of the 181 insurance companies under the review of Solvency Supervisory Committee was 220.8%, and the average core solvency ratio was 148.1%. For the comprehensive risk rating, 42 insurance companies were rated as Class A, 115 as Class B, 15 as Class C and 9 as Class D.

1. Table on loans to government-subsidized housing projects by banking institutions in 2022 (quarterly)

http://www.cbirc.gov.cn/cn/view/pages/ItemDetail.html?docId=1054684&itemId=954&generaltype=0

2. Table on inclusive loans to MSEs by banking institutions in 2022 (quarterly)

http://www.cbirc.gov.cn/cn/view/pages/ItemDetail.html?docId=1054683&itemId=954&generaltype=0

3.Table on main indicators of commercial banks in 2022 (by types of institutions, quarterly)

http://www.cbirc.gov.cn/cn/view/pages/ItemDetail.html?docId=1054678&itemId=954&generaltype=0

4.Table on main supervisory indicators of commercial banks in 2022 (quarterly)

http://www.cbirc.gov.cn/cn/view/pages/ItemDetail.html?docId=1054675&itemId=954&generaltype=0

5. Total assets and liabilities of the banking sector in 2022 (quarterly)

http://www.cbirc.gov.cn/cn/view/pages/ItemDetail.html?docId=1054665&itemId=954&generaltype=0

6.Table on solvency status of the insurance sector in 2022 (quarterly)

http://www.cbirc.gov.cn/cn/view/pages/ItemDetail.html?docId=1067928&itemId=954&generaltype=0