China's banking and insurance industries saw sound performance in the first quarter this year, as their financial service capacity continued to strengthen and total assets maintained steady growth, official data released Friday showed.

According to the latest data from the National Financial Regulatory Administration, by the end of the first quarter of 2025, the outstanding balance of inclusive loans to small and micro enterprises reached 35.3 trillion yuan (about 4.94 trillion U.S. dollars), including 13.7 trillion yuan in inclusive agriculture-related loans, which was an increase of 795.5 billion yuan from the beginning of the year.

In the first quarter, the compensation and payment expenditure of insurance companies reached 827.4 billion yuan, marking a year-on-year increase of 12.2 percent.

These figures indicated the continuously strengthened financial service capacity of the banking and insurance sectors.
The assets of the banking and insurance sectors have kept expanding since the beginning of this year.

The total domestic and foreign currency assets of China's banking financial institutions stood at 45.83 trillion yuan, while the total assets of insurance institutions amounted to 3.78 trillion yuan.

The credit asset quality of commercial banks is basically stable, with sufficient overall capacity to offset risks.
As of the end of the first quarter, China's commercial banks saw their non-performing loan ratio standing at 1.51 percent, 0.01 percentage points higher than the end of the previous quarter, remaining at a relatively low level.

Meanwhile, the comprehensive solvency ratio of insurance companies was 204.5 percent, indicating sufficient solvency.