The Central Bank: Total assets of financial institutions at the end of the second quarter amounted to 48.064 trillion yuan, representing a year-on-year increase of 7.0%.

On September 20, according to preliminary statistics from the People's Bank of China, at the end of the second quarter of 2024, the total assets of financial institutions in China were 48.064 trillion yuan, an increase of 7.0% year-on-year. Among them, the total assets of banking institutions were 43.31 trillion yuan, an increase of 6.6% year-on-year; the total assets of securities institutions were 1.375 trillion yuan, a decrease of 0.1% year-on-year; the total assets of insurance institutions were 3.38 trillion yuan, an increase of 15.7% year-on-year. The liabilities of financial institutions were 43.868 trillion yuan, an increase of 6.9% year-on-year, among which the liabilities of banking institutions were 39.766 trillion yuan, an increase of 6.4% year-on-year; the liabilities of securities institutions were 0.1026 trillion yuan, a decrease of 1.8% year-on-year; the liabilities of insurance institutions were 3.075 trillion yuan, an increase of 16.5% year-on-year. This article is selected from the official website of the People's Bank of China, edited by GMTEight: Liu Jiayin.