App

China's banking, insurance sectors run in reasonable range in H1
Updated: July 15, 2022 07:02 Xinhua

BEIJING — China's banking and insurance sectors have operated within a reasonable range so far this year, the China Banking and Insurance Regulatory Commission said on July 14.

From January to June, financial institutions' newly-added loans to the manufacturing industry stood at 3.3 trillion yuan (about $491 billion), surging by 190 percent from the same period last year.

The ratio of outstanding non-performing loans came in at 1.77 percent by the end of June, down 0.05 percentage points from the beginning of this year, according to the commission.

On the insurance front, the original insurance premium of China's insurance companies reached 2.8 trillion yuan in the January-June period, up 5.1 percent year-on-year.

The commission also noted that the country's real-estate credit has remained stable overall and the ratio of non-performing real-estate loans remains at a relatively low level, with risks being generally controllable.

Copyright© www.gov.cn | About us | Contact us

Website Identification Code bm01000001 Registration Number: 05070218

All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to www.gov.cn.

Without written authorization from www.gov.cn, such content shall not be republished or used in any form.

Mobile

Desktop

Copyright© www.gov.cn | Contact us

Website Identification Code bm01000001

Registration Number: 05070218