BEIJING, June 21 (Xinhua) -- Financial institutions in China reported assets totaling 476.49 trillion yuan by the end of the first quarter, up 8.5 percent year on year, reported Xinhua Finance citing data released by the People's Bank of China (PBOC) on Thursday.
By the end of March, banking institutions amassed 429.58 trillion yuan of assets, up 8.1 percent from a year ago. Securities institutions saw their aggregate assets up 2.5 percent year on year to 14.05 trillion yuan. Gross assets of insurance institutions expanded 15.8 percent from a year prior to 32.86 trillion yuan.
By the end of the first quarter, total liabilities of financial institutions in China rose 8.5 percent from a year earlier to 434.97 trillion yuan, including 394.49 trillion yuan for banking institutions, 10.57 trillion yuan for securities institutions and 29.92 trillion yuan for insurance institutions.
(Edited by Duan Jing with Xinhua Silk Road, duanjing@xinhua.org)
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