The National Financial Regulatory Administration has disclosed the principal regulatory indicators for the banking and insurance industries for the first quarter of 2026.
I. Continued Growth in Total Assets of Banking and Insurance Sectors By the end of Q1 2026, the total assets of China's banking institutions in domestic and foreign currencies reached 494.7 trillion yuan, marking an 8.0% year-on-year increase. Within this, large commercial banks held total assets of 219.5 trillion yuan, up 10.6% year-on-year, accounting for 44.4% of the total. Joint-stock commercial banks held total assets of 79.6 trillion yuan, a 5.4% year-on-year increase, representing a 16.1% share.
The total assets of insurance companies and insurance asset management companies stood at 42.5 trillion yuan by the end of Q1 2026, rising 2.8% from 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%).
The consolidated total assets of financial holding companies were 28.3 trillion yuan by the end of Q1 2026, with consolidated total liabilities of 25.5 trillion yuan and consolidated net assets of 2.9 trillion yuan.
II. Strengthening Financial Services in Banking and Insurance By the end of Q1 2026, the outstanding balance of inclusive loans to micro and small enterprises provided by banking institutions was 38.8 trillion yuan, a 9.9% year-on-year increase. The outstanding balance of inclusive agriculture-related loans was 15 trillion yuan, up 9.5% year-on-year.
In Q1 2026, insurance companies reported original premium income of 2.3 trillion yuan, a 6.2% year-on-year increase. Claim and benefit payments amounted to 889.3 billion yuan, rising 7.5%. The number of new policies issued reached 32.1 billion, surging 29% year-on-year.
III. Generally Stable Credit Asset Quality for Commercial Banks By the end of Q1 2026, the balance of performing loans at commercial banks (on a legal entity basis) was 239.2 trillion yuan. The non-performing loan (NPL) balance was 3.7 trillion yuan, increasing by 174.2 billion yuan from the previous quarter-end. The NPL ratio stood at 1.51%, up by 0.02 percentage points from the previous quarter-end.
IV. Adequate Risk Resilience for Commercial Banks In Q1 2026, commercial banks accumulated a net profit of 632.3 billion yuan. By the end of Q1, the average return on equity was 7.97%, up 0.19 percentage points from the previous quarter-end. The average return on assets was 0.60%, remaining largely unchanged.
The balance of loan loss provisions for commercial banks was 7.5 trillion yuan by the end of Q1 2026. The provision coverage ratio was 203.14%, and the loan provision ratio was 3.07%.
The capital adequacy ratio for commercial banks (excluding foreign bank branches) was 15.00% by the end of Q1 2026, with a tier-1 capital adequacy ratio of 12.05% and a core tier-1 capital adequacy ratio of 10.71%.
V. Stable Liquidity Indicators for Commercial Banks By the end of Q1 2026, the liquidity coverage ratio for commercial banks was 151.65%, a decrease of 6.34 percentage points from the previous quarter-end. The net stable funding ratio was 127.70%, down 0.13 percentage points. The liquidity ratio was 79.75%, declining by 1.21 percentage points. The RMB excess reserve ratio was 1.47%, falling 0.17 percentage points. The loan-to-deposit ratio (for domestic RMB business) was 79.74%, down 0.33 percentage points.
VI. Sufficient Solvency in the Insurance Sector By the end of Q1 2026, the average comprehensive solvency adequacy ratio for insurance companies was 181%, and the core solvency adequacy ratio was 131.9%, both exceeding the regulatory minimums of 100% and 50%, respectively. For property insurance companies, the ratios were 242.6% and 210.6%; for life insurance companies, 170.7% and 118.1%; and for reinsurance companies, 207.4% and 179.8%.
Attachments (links omitted): 1. 2026 Quarterly Total Assets and Liabilities of Banking Institutions 2. 2026 Table of Major Regulatory Indicators for Commercial Banks 3. 2026 Table of Major Indicators by Type of Commercial Bank Institution 4. 2026 Table of Inclusive Loans to Micro and Small Enterprises by Banking Institutions 5. 2026 Table of Inclusive Agriculture-related Loans by Banking Institutions 6. 2026 Table of Solvency for Insurance Companies 7. 2026 Table of Assets and Liabilities for Financial Holding Companies
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