Briefly

Financial institutions' assets increase

Assets of China's financial institutions rose 9 percent year-on-year to 371.26 trillion yuan ($57.56 trillion) by the end of the second quarter of this year, according to the preliminary statistics released by the People's Bank of China, the central bank. China's banking sector held 336 trillion yuan at the end of the second quarter, up 8.6 percent year-on-year, the PBOC said. The securities institutions reported 11.27 trillion yuan of total assets by the end of the second quarter while assets of China's insurance institutions rose 9.2 percent from a year ago to 23.99 trillion yuan.

Better expressways improve Hefei traffic

Amid fast urban expansion, Anhui's provincial capital Hefei is boosting local traffic through renovated expressways in the city proper. It greenlighted its 42.05-kilometer Second-Ring Road by opening the last remaining renovated part to traffic on Monday. The renovation on the southwestern part, done by China Tiesiju Civil Engineering Group, helps link the four core districts of the city. It also started to renovate its first viaduct－the Jinzhai Road Viaduct－by extending the super bridge for 7,650 meters to the south, to improve north-south traffic.

Xinhua - China Daily