China's financial sector achieves pivotal progress during 14th Five-Year Plan period
2025-09-23 08:38:47 source：CGTN
September 22, 2025
Over the past five years, China's financial sector has achieved some remarkable milestones. The sector has solidified its foundations, enhanced its resilience, and grown in confidence, while meeting challenges of all kinds, said Li Yunze, administrator of the National Financial Regulatory Administration at a press conference of the State Council Information Office (SCIO) on Monday.
Officials attending the briefing highlighted several noteworthy aspects of China's financial sector during the 14th Five-Year Plan period (2021-25).
Solid growth in core financial indicators
Pan Gongsheng, governor of the People's Bank of China (PBOC), the country's central bank, highlighted that China's financial industry has scored major new accomplishments since the launch of the 14th Five-Year Plan. As of the end of June this year, the total assets of China's banking sector reached nearly 470 trillion yuan ($66.08 trillion), ranking first globally. Meanwhile, the scale of the country's stock and bond markets stood second in the world, even as foreign exchange reserves have maintained the top position globally for 20 consecutive years. Pan emphasized that China's financial system remains generally stable—financial institutions are sound on the whole—and financial markets operate smoothly.
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