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PBOC: Financial Institutions/ Insurers Liabilities Hike 6.9%/ 16.5% YoY as at End-2Q
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Preliminary statistics show that, as at the end of 2Q24, the total assets of financial institutions in China amounted to RMB480.64 trillion, up 7% YoY, according to data released by the People's Bank of China (PBOC). Of which, the total assets of insurance institutions amounted to RMB33.8 trillion, up 15.7% YoY. During the same period, the liabilities of financial institutions in China amounted to RMB438.68 trillion, up 6.9% YoY. Of which, the liabilities of insurance institutions amounted to RMB30.75 trillion, up 16.5% YoY. AAStocks Financial News |
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