The National Financial Regulatory Administration: The banking and insurance sectors operated steadily in the second quarter, with the total assets of the banking industry increasing by 6.6% year-on-year.

On August 14, the Financial Regulatory Authority released the data on major regulatory indicators for the banking and insurance industries for the second quarter of 2026. The data shows that by the end of the second quarter of 2026, the total assets of China's banking financial institutions in both domestic and foreign currencies reached 498 trillion yuan, a year-on-year increase of 6.6%; total assets of insurance companies and insurance asset management companies were 43.9 trillion yuan, an increase of 6.2% since the beginning of the year; and the total assets of financial holding companies were consolidated at 29.1 trillion yuan. Financial services in the banking and insurance sectors continued to strengthen, with the overall credit asset quality of commercial banks remaining stable and liquidity indicators staying steady. The insurance industry has sufficient solvency. The original text is as follows: Major Regulatory Indicators Data for the Banking and Insurance Industries in the Second Quarter of 2026 1. Total Assets of Banking and Insurance Industries Continue to Grow By the end of the second quarter of 2026, the total assets of China's banking financial institutions in both domestic and foreign currencies reached 498 trillion yuan, a year-on-year increase of 6.6%. Among them, the total assets of large commercial banks were 221.6 trillion yuan, a year-on-year increase of 8.5%, accounting for 44.5%; the total assets of joint-stock commercial banks were 80.4 trillion yuan, a year-on-year increase of 6.2%, accounting for 16.1%. By the end of the second quarter of 2026, the total assets of insurance companies and insurance asset management companies were 43.9 trillion yuan, an increase of 6.2% since the beginning of the year. Among them, property insurance companies had 3.4 trillion yuan, an increase of 8.4% since the beginning of the year; life insurance companies had 38.7 trillion yuan, an increase of 6.2% since the beginning of the year; reinsurance companies had 879 billion yuan, an increase of 2.5% since the beginning of the year; and insurance asset management companies had 149.1 billion yuan, an increase of 2.4% since the beginning of the year. By the end of the second quarter of 2026, the total consolidated assets of financial holding companies were 29.1 trillion yuan, with total consolidated liabilities of 26.1 trillion yuan and consolidated net assets of 3 trillion yuan. 2. Financial Services in Banking and Insurance Industries Continue to Strengthen By the end of the second quarter of 2026, the balance of inclusive loans to small and micro enterprises by banking financial institutions was 38.9 trillion yuan, a year-on-year increase of 8%; the balance of inclusive agricultural-related loans was 15 trillion yuan, a year-on-year increase of 7.5%. In the first half of 2026, insurance companies' original premium income was 3.9 trillion yuan, a year-on-year increase of 3.2%; claims and benefit expenditures amounted to 1.4 trillion yuan, a year-on-year increase of 3.8%; and the number of newly issued policies reached 66.8 billion, a year-on-year increase of 27.4%. 3. Overall Stability in the Credit Asset Quality of Commercial Banks By the end of the second quarter of 2026, the balance of normal loans for commercial banks (according to legal entity standards) was 241.5 trillion yuan; the balance of non-performing loans was 3.7 trillion yuan, an increase of 52.3 billion yuan compared to the end of the previous quarter; and the non-performing loan ratio was 1.52%, an increase of 0.01 percentage points compared to the end of the previous quarter. 4. Overall Adequacy of Commercial Banks Risk Covering Ability In the first half of 2026, commercial banks achieved a cumulative net profit of 1.2 trillion yuan. By the end of the second quarter of 2026, the average capital profit rate was 7.72%, and the average asset profit rate was 0.58%. By the end of the second quarter of 2026, the balance of loan loss provisions for commercial banks was 7.6 trillion yuan; the provision coverage ratio was 202.87%, and the loan provision rate was 3.08%. By the end of the second quarter of 2026, the capital adequacy ratio for commercial banks (excluding foreign bank branches) was 15.26%, the core capital adequacy ratio was 12.12%, and the tier one capital adequacy ratio was 10.72%. 5. Stability of Liquidity Indicators in Commercial Banks By the end of the second quarter of 2026, the liquidity coverage ratio of commercial banks was 148.53%, a decrease of 3.12 percentage points compared to the end of the previous quarter; the net stable funding ratio was 128.13%, an increase of 0.43 percentage points compared to the end of the previous quarter; the liquidity ratio was 80.97%, an increase of 1.22 percentage points compared to the end of the previous quarter; the excess reserves ratio for RMB was 1.37%, a decrease of 0.10 percentage points compared to the end of the previous quarter; and the loan-to-deposit ratio (domestically in RMB) was 80.08%, an increase of 0.33 percentage points compared to the end of the previous quarter. 6. Sufficient Solvency in the Insurance Industry By the end of the second quarter of 2026, the average comprehensive solvency adequacy ratio for insurance companies was 180.6%, and the core solvency adequacy ratio was 133.5%, surpassing the regulatory benchmarks of 100% and 50%. Among them, property insurance companies had ratios of 247.0% and 214.3%, while life insurance companies had ratios of 169.7% and 119.6%, and reinsurance companies had ratios of 213.2% and 188.2%. This article is compiled from the official website of the "National Financial Regulatory Authority," with editing by Chen Siyu.