The China Banking and Insurance Regulatory Commission published quarterly supervisory statistics for the banking and insurance sectors, indicating continued balance-sheet growth alongside broadly stable prudential metrics for commercial banks and adequate solvency for insurers. By end-2024 Q4, banking institutions’ total assets (domestic and foreign currency) reached CNY 444.6 trillion, up 6.5% year on year, with large commercial banks at CNY 190.3 trillion (42.8% share) and joint-stock commercial banks at CNY 74.2 trillion (16.7% share). Insurers and insurance asset management companies reported total assets of CNY 35.9 trillion, up CNY 4.4 trillion since the start of the year (+13.9%). Small and micro enterprise loan balances at banking institutions were CNY 81.4 trillion, including inclusive small and micro enterprise loans (single-borrower credit up to CNY 10 million) of CNY 33.3 trillion, up 14.7%. Commercial banks’ non-performing loans totalled CNY 3.3 trillion, down CNY 97.7 billion quarter on quarter, with the NPL ratio falling to 1.50%; provision coverage rose to 211.19% and the capital adequacy ratio (excluding foreign bank branches) increased to 15.74%, with capital ratios stated as calculated under the capital management measures effective from 1 January 2024. Liquidity indicators rose, including an aggregate liquidity coverage ratio of 154.73% and net stable funding ratio of 128.02% for banks with assets above CNY 200 billion. In insurance, original premium income was CNY 5.7 trillion in 2024 (+5.7%) and claims and benefits were CNY 2.3 trillion (+19.4%), while the sector’s comprehensive and core solvency adequacy ratios stood at 199.4% and 139.1%, respectively.

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