Briefly

Financial institutions in much better shape

Financial institutions saw expanded balance sheets by the end of the third quarter, official data showed. The country's financial institutions saw their combined assets increase 8.2 percent year-on-year to 375.68 trillion yuan ($58.96 trillion) by the end of the third quarter, while their combined liabilities rose 8 percent from a year earlier to 341.3 trillion yuan, central bank data showed.

Bank gets nod for custody services

Deutsche Bank (China) Co Ltd announced on Wednesday it has received regulatory approval to launch domestic custody services for securities investment funds established in China, thus becoming the first European Union lender to offer such services in the country. China's fund industry has been evolving rapidly. The custody service market for China's public securities investment funds alone has reached more than 20 trillion yuan ($3.14 trillion) in scale.

Power generation slightly up in Nov

China's power generation stood at 654 billion kilowatt-hours in November, up 0.2 percent year-on-year, said the National Bureau of Statistics. November power generation was 7 percent higher from the same period in 2019. In the first 11 months, China's power generation stood at 7.38 trillion kWh, up 9.2 percent year-on-year and 11.3 percent higher than the same period in 2019. The growth rate of wind and solar power generation accelerated in November, while that of nuclear power generation slowed.

Chinese-made 'ro-ro' ship to set sail

A Chinese-made "ro-ro" (roll-on/roll-off) ship has been completed, said its developer Guangzhou Shipyard International Co Ltd. The ship, which is to be exported to Denmark, will set sail soon, the company said. The ship is 230 meters long and 31 meters wide with a dead weight of approximately 11,950 tons. It can facilitate 271 trucks.

Xinhua - China Daily