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PBOC: Liabilities of Banking Institutions Hike 6.5% YoY Last Yr
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According to preliminary statistics released by the People's Bank of China (PBOC), the total assets of financial institutions in China amounted to RMB495.59 trillion at the end of 2024, marking a YoY growth of 7.5%. Specifically, banking institutions' total assets swelled by 6.5% YoY to RMB444.57 trillion, securities institutions' surged by 9.1% YoY to RMB15.11 trillion, and insurance institutions' soared by 19.9% YoY to RMB35.91 trillion. During the period, the liabilities of financial institutions amounted to RMB452.17 trillion, representing a rise of 7.5% YoY. Among them, banking institutions' liabilities spiked by 6.5% YoY to RMB408.11 trillion, securities institutions' climbed by 10% YoY to RMB11.48 trillion, and insurance institutions' ballooned by 19.7% YoY to RMB32.58 trillion. AAStocks Financial News |
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