Total assets of financial institutions reached RMB461.09 trillion at end-2023
According to preliminary statistics, the total assets of financial institutions reached RMB461.09 trillion at end-2023, increasing 9.9 percent year on year. Specifically, the assets of banking institutions registered RMB417.29 trillion, increasing 10 percent year on year; the assets of securities institutions reached RMB13.84 trillion, up 5.6 percent year on year; the assets of insurance institutions reached RMB29.96 trillion, growing 10.4 percent year on year.
The total liabilities of financial institutions reached RMB420.78 trillion, increasing 10.1 percent year on year. Specifically, the liabilities of banking institutions registered RMB383.12 trillion, increasing 10.1 percent year on year; the liabilities of securities institutions reached RMB10.43 trillion, increasing 5.5 percent year on year; the liabilities of insurance institutions reached RMB27.22 trillion, growing 11.4 percent year on year.
Annex: The Balance Sheet of Financial Institutions at end-2023
Outstanding value (trillion yuan) | Year-on-year growth (%) | |
Total assets | 461.09 | 9.9 |
Banking institutions | 417.29 | 10 |
Securities institutions | 13.84 | 5.6 |
Insurance institutions | 29.96 | 10.4 |
Total liabilities | 420.78 | 10.1 |
Banking institutions | 383.12 | 10.1 |
Securities institutions | 10.43 | 5.5 |
Insurance institutions | 27.22 | 11.4 |
Owners’ equity | 40.31 | 8.1 |
Banking institutions | 34.16 | 8.8 |
Securities institutions | 3.42 | 6.1 |
Insurance institutions | 2.73 | 1.2 |
Notes:
1. The total assets, liabilities and owners’ equity of financial institutions are the aggregates of relevant indexes of banking, securities, and insurance institutions. Specifically, banking institutions refer to incorporated financial institutions (overseas branches included), excluding the central bank. Securities institutions include securities, futures, and fund companies. The total assets of securities and futures companies include their own assets and those of their customers. Insurance institutions include property insurance companies, life and health insurance companies, reinsurance companies, insurance group (holding) companies, and insurance asset management companies.
2. In the calculation of financial institutions’ balance sheet, data are from the PBOC, the NAFR and the CSRC.
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