China reports steady banking, insurance operation in 9 months

2019年11月14日 14:52:42 | 来源:ourjiangsu.com

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China's banking and insurance industry witnessed steady growth in the volume and quality of assets with increasing service capacity, the China Banking and Insurance RegulatoryCommission said on Wednesday.

Statistics from the China Banking and Insurance Regulatory Commission show that at the end of the third quarter, the domestic and foreign currency assets of China's financial institutions were 285 trillion yuan, and the total assets of insurance companies were 20 trillion yuan, standing for the steady growth of the total assets of the banking industry and the insurance industry.

At the same time, the banking and insurance industry has continued to shore up their abilities to serve the real economy. At the end of the third quarter, the balance of loans for small and micro enterprises with a total single-grant credit of 10 million yuan and below was 11.3 trillion yuan, an increase of 20.81% over the beginning of the year.

The liquidity level of commercial banks remained stable. At the end of the third quarter, the non-performing loan ratio of commercial banks was 1.86%, an increase of 0.05 percentage points from the end of the second quarter, indicating significant progress in risk prevention and forestalling.

(Source:ourjiangsu.com)

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