Chinese banking institutions hold 290 trln yuan of assets at the end of 2019

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According todata released by the People's Bank of China (PBOC),Chinese financial institutions held 318.69 trillion yuan (US$45.05 trillion) of assets at the end of 2019, which was an increase of 8.6 percent year on year. The figure includes 290 trillion yuan (US$40.97 trillion) of assets held by Chinese banking institutions, which was 8.1 percent more than what they held at the end of 2018.