China Banking and Insurance Regulatory Commission: By the end of the first quarter, the total assets of banking and financial institutions in China reached 49.47 trillion yuan, an 8% increase year-on-year.

On May 15th, the China Banking and Insurance Regulatory Commission released the data on major regulatory indicators for the banking and insurance industry in the first quarter of 2026. By the end of the first quarter of 2026, the total assets of financial institutions in the banking sector in China reached 49.47 trillion yuan, an increase of 8.0% year-on-year. Among them, the total assets of large commercial banks in both domestic and foreign currency amounted to 21.95 trillion yuan, an increase of 10.6% year-on-year, accounting for 44.4%; the total assets of joint-stock commercial banks in both domestic and foreign currency were 7.96 trillion yuan, an increase of 5.4% year-on-year, accounting for 16.1%. In the first quarter of 2026, commercial banks achieved a total net profit of 632.3 billion yuan. By the end of the first quarter of 2026, the average capital profit rate was 7.97%, an increase of 0.19 percentage points from the previous quarter; the average asset profit rate was 0.60%, remaining essentially stable from the previous quarter.