The Total Assets Of China'S Financial Industry Exceed 100 Billion Yuan.

Liu Shiyu also revealed that as at the end of 10 in 2010, the total assets of 106 securities companies were over 2 trillion and 240 billion yuan, and 62 fund companies managed assets of more than 2 trillion and 510 billion yuan, respectively, 6.30 times and 4.32 times higher than the "11th Five-Year" period.

He also revealed that as at the end of 11 in 2010, the total assets of the insurance industry amounted to 4 trillion and 900 billion yuan, an increase of 2.20 times than the beginning of 11th Five-Year.

This means that banks, securities and insurance plus the total assets of the fund industry have increased by four yuan, which has exceeded 100 trillion yuan, reaching 101 trillion and 650 billion yuan.

In fact, if we add the total assets of other financial formats such as trust, lease and so on, the total assets of China's financial industry will be more than 101 trillion and 650 billion yuan.

Overall, banking industry still occupies an absolutely critical position in China's financial industry, and its total assets account for about 90% of the total assets of the financial industry.

But thanks to the rapid development in recent years, the growth of assets in the securities and fund industries is much faster than that in the banking and insurance industries.

Liu Shiyu also said that the banking industry is the main body of China's financial industry, and five large commercial banks, including industry, agriculture, China, and construction, are in the leading position in the banking sector.

During the "11th Five-Year" period, China basically completed the shareholding system reform of large commercial banks.

For the reform of rural credit cooperatives, the signature article revealed that as of the end of 2010 9, the loan balance of the rural credit cooperatives in the whole country was 5 trillion and 700 billion yuan, accounting for 12.3% of the loan balance of the national financial institutions.

As of the end of 9 2010, a total of 2014 rural credit cooperatives, 64 rural commercial banks and 212 rural cooperative banks were set up in counties (cities).

For policy finance, Liu Shiyu concluded that with the profound adjustment of the world economic structure and the rapid development of China's national economy, great changes have taken place in the international and domestic financial and economic environment, tasks and policy objectives faced by policy oriented financial institutions.

Liu Shiyu said that in the face of the new international and domestic economic environment, China needs to take more effective measures to stabilize external demand, expand domestic demand, and support the real economy to implement the "going global" strategy.

"Through reform, China's financial industry has undergone historic changes."

Liu Shiyu said that the strength of financial institutions was significantly enhanced, confidence in the financial market was continuously improved, the level of financial services and international competitiveness were greatly improved, and the stability and security of the financial system continued to grow, which was able to withstand the impact of the current international financial crisis.