At the end of the first quarter of 2025, the total assets of financial institutions in China's banking industry in both domestic and foreign currencies amounted to 45.83 trillion yuan, an increase of 6.7% compared to the same period last year.
In the first quarter of 2025, the total assets of the banking and insurance industries continued to grow. By the end of the first quarter of 2025, the total assets of financial institutions in China's banking industry reached 458.3 trillion yuan, an increase of 6.7% year-on-year.
On May 16, the China Banking and Insurance Regulatory Commission released the data on the main regulatory indicators of the banking and insurance industries for the first quarter of 2025. The total assets of the banking and insurance industries continued to grow. By the end of the first quarter of 2025, the total assets of financial institutions in China's banking industry in domestic and foreign currencies amounted to 458.3 trillion yuan, an increase of 6.7% year-on-year. Among them, the total assets of large commercial banks amounted to 198.5 trillion yuan, an increase of 7.3% year-on-year, accounting for 43.3%; the total assets of joint-stock commercial banks amounted to 75.5 trillion yuan, an increase of 5.2% year-on-year, accounting for 16.5%.
By the end of the first quarter of 2025, the total assets of financial institutions in the insurance industry (excluding professional insurance intermediaries) amounted to 37.8 trillion yuan, an increase of 1.9 trillion yuan from the beginning of the year, a growth of 5.4%. Among them, property insurance companies reached 3.1 trillion yuan, an increase of 6.2% from the beginning of the year; life insurance companies reached 33.1 trillion yuan, an increase of 4.8% from the beginning of the year; reinsurance companies reached 842.3 billion yuan, an increase of 1.7% from the beginning of the year; insurance asset management companies reached 132.6 billion yuan, an increase of 3.8% from the beginning of the year.
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The Federal Reserve's Daly warns of vulnerability in the labor market, says it may be necessary to cut interest rates one to two more times this year.

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