People's Bank of China and regulators issue trial unified statistical reporting system for five priority finance areas

The People's Bank of China, together with the National Financial Regulatory Administration, the China Securities Regulatory Commission and the State Administration of Foreign Exchange, issued a trial overarching statistical system to standardise data collection and reporting for five priority finance areas: technology finance, green finance, inclusive finance, pension finance and digital finance. The framework sets unified requirements for statistical coverage and definitions, including the reporting perimeter, indicator set and calculation standards, data collection, sharing and publication arrangements, and division of responsibilities. Coverage spans banking, securities and insurance institutions as well as financial market infrastructure institutions, and includes multiple instruments and products such as loans, bonds, equity, asset management debt claims, funds, insurance and derivatives. It introduces more than 200 key indicators covering financing in the five areas, financial products and services provided by institutions, digital transformation business, and other key metrics, with each indicator aligned with relevant national statistical standards, industry policies and existing financial sector statistical practices. Implementation is structured around a coordinated mechanism under which the People's Bank of China aggregates data and compiles consolidated statistical reports and indicators, while relevant authorities organise institutions’ data submissions, source data quality management and data sharing. The People's Bank of China indicated it will work with the other departments to推进 implementation of the trial system.