Global EditionASIA 中文双语Français
Business
Home / Business / Finance

Chinese banking sector's assets up 9.8%

Xinhua | Updated: 2020-07-13 17:15
A cashier at a bank in Taiyuan, Shanxi province counts renminbi notes. [Photo/China News Service]

BEIJING -- The total assets in China's banking sector continued to expand in the first half of the year while the industry's non-performing ratio saw a slight increase as the economy faced headwinds.

By the end of June, the total assets of China's banking industry reached 301.5 trillion yuan (about $43.1 trillion), up 9.8 percent from a year earlier, according to the China Banking and Insurance Regulatory Commission.

Lenders' outstanding non-performing loans came in at 3.6 trillion yuan, with the bad loan ratio at 2.1 percent, up 0.08 percentage points from the ratio seen at the start of the year, the data showed.

The bad loan ratio is expected to continue to climb as the impact of the economic headwinds is yet to filter through to the sector, according to the commission.

The data also showed that the total assets of the insurance industry stood at 21.7 trillion yuan by the end of June, up 5.7 percent from the beginning of the year.

The premium income of the insurance sector went up 6.4 percent year-on-year to 2.7 trillion yuan in the first half of the year.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US