As of the end of the first quarter of 2026, the total assets of China's banking institutions, denominated in both local and foreign currencies, amounted to 494.7 trillion yuan, marking an ize of 8.0% compared to the same period last year. Within this total, large commercial banks held assets of 219.5 trillion yuan, a year-on-year increase of 10.6%, accounting for 44.4% of the total. Joint-stock commercial banks reported assets of 79.6 trillion yuan, up 5.4% year-on-year, representing a 16.1% share.

In the first quarter of 2026, commercial banks collectively achieved a net profit of 632.3 billion yuan. By the end of the quarter, the average return on equity stood at 7.97%, an increase of 0.19 percentage points from the previous quarter, while the average return on assets remained largely stable at 0.60%.

The total assets of insurance companies and insurance asset management companies reached 42.5 trillion yuan by the end of Q1 2026, growing 2.8% since the beginning of the year. This includes property insurance companies with 3.3 trillion yuan (up 5.9%), life insurance companies with 37.3 trillion yuan (up 2.6%), reinsurance companies with 859.1 billion yuan (down 0.2%), and insurance asset management companies with 152.4 billion yuan (up 4.7%).

Financial holding companies reported consolidated total assets of 28.3 trillion yuan, consolidated total liabilities of 25.5 trillion yuan, and consolidated net assets of 2.9 trillion yuan at the end of the quarter.

Financial services in the banking and insurance sectors continued to strengthen. Outstanding loans to small and micro businesses under inclusive finance programs reached 38.8 trillion yuan, a 9.9% year-on-year increase. Outstanding inclusive agriculture-related loans amounted to 15 trillion yuan, up 9.5% year-on-year.

In the insurance sector, original premium income for Q1 2026 was 2.3 trillion yuan, up 6.2% year-on-year. Claim payments and benefit payouts totaled 889.3 billion yuan, an increase of 7.5%. The number of new policies issued reached 32.1 billion, surging 29% year-on-year.

The credit asset quality of commercial banks remained generally stable. Outstanding normal loans stood at 239.2 trillion yuan, while non-performing loans totaled 3.7 trillion yuan, an increase of 174.2 billion yuan from the previous quarter. The non-performing loan ratio was 1.51%, up 0.02 percentage points from the end of the prior quarter.

Commercial banks maintained adequate risk absorption capacity. The balance of loan loss provisions was 7.5 trillion yuan by the end of Q1 2026, with a provision coverage ratio of 203.14% and a loan provision ratio of 3.07%.

The capital adequacy ratio for commercial banks (excluding foreign bank branches) was 15.00%, with a tier-1 capital adequacy ratio of 12.05% and a core tier-1 capital adequacy ratio of 10.71%.

Liquidity indicators for commercial banks remained steady. The liquidity coverage ratio was 151.65%, down 6.34 percentage points from the previous quarter. The net stable funding ratio was 127.70%, a slight decrease of 0.13 percentage points. The liquidity ratio was 79.75%, down 1.21 percentage points. The RMB excess reserve ratio was 1.47%, down 0.17 percentage points. The loan-to-deposit ratio (for domestic RMB business) was 79.74%, down 0.33 percentage points.

The insurance sector demonstrated sufficient solvency. The average comprehensive solvency adequacy ratio for insurers was 181%, and the core solvency adequacy ratio was 131.9%, both well above the regulatory thresholds of 100% and 50%, respectively. For property insurers, these ratios were 242.6% and 210.6%; for life insurers, 170.7% and 118.1%; and for reinsurers, 207.4% and 179.8%.