Photo taken on Nov. 12, 2020 shows the night view of the Lujiazui area of Pudong, east China's Shanghai. (Xinhua/Wang Xiang)
BEIJING, March 15 (Xinhua) -- The total balance assets owned by China's financial institutions hit 381.95 trillion yuan by the end of 2021, up 8.1 percent year on year, according to a preliminary statistics released by the People's Bank of China (PBOC), China's central bank, on Tuesday.
In a breakdown, the assets from the institutions of the banking sector took the lion's share of 344.76 trillion yuan, up 7.8 percent over last year, while those from the institutions of the securities industry and the insurance industry were 12.3 trillion yuan and 24.89 trillion yuan, up 21.2 percent and 6.8 percent on year, respectively.
Meanwhile, the liabilities of Chinese financial institutions totaled 346.58 trillion yuan in 2021, up 7.9 percent on year. The figures for industries of banking, securities and insurance were 315.28 trillion yuan, 9.35 trillion yuan and 21.96 trillion yuan, up 7.6 percent, 24.4 percent and 6.9 percent, respectively.
The PBOC statistics also showed that the total equity of Chinese financial institutions was 35.37 trillion yuan, representing a year-on-year surge of 10.5 percent.
(Edited by Qiu Jun, Gu Shanshan with Xinhua Silk Road, qiujun@xinhua.org)
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