The three financial industries are making strong profits! According to statistics, my country's three financial industries have made a huge profit of 1 trillion yuan in the first eight months of this year, surpassing the historical high of 155.8 billion yuan for the whole year of 2024. By the end of September this year, profits have reached 1.271544 billion yuan, an annual growth of 77.5%, and a record high. In addition, the three financial industries are expected to challenge the 1.5 trillion yuan mark for the whole year, setting a new record in the past.
The three financial industries include "banking industry", "insurance industry" and "securities and futures investment and credit industry". Among them, "banking industry" includes domestic banks, foreign banks, Chinese mainland banks, credit cooperatives, bill finance and foreign exchange savings; "insurance industry" includes life insurance industry and property insurance industry; "securities and futures investment credit industry" includes securities, futures and investment credit industry.
In this regard, the National Bank of China bluntly stated that there are only three months left in this year and they continue to be optimistic about the profits of the three financial industries this year and can easily break the record.
Examining the pre-tax earnings of the three financial industries, first of all, in terms of "banking industry" profits, Zhang Jiakui, deputy director of the Banking Bureau, pointed out that the banking industry's pre-tax earnings in the first nine months of this year reached 594.69 billion yuan, an annual growth rate of about 21.9%; among them, "domestic banks" accounted for the largest profit, with a profit of 539.9 billion yuan, an annual growth rate of 18.4%, both hitting the highest record for the same period in previous years. The Banking Bureau stated that the growth in fee income was mainly driven by the growth in lending, coupled with the strong momentum of the wealth management business and the increase in bond investments.
Secondly, in terms of the "insurance industry", Cai Huoyan, deputy director of the Insurance Bureau, said that driven by the capital market, the overall property and life insurance industry made a total of 397.7 billion yuan, an annual increase of 280 billion yuan or 237.89%, setting a new high for the same period. Looking further, the life insurance industry profit was 352.3 billion yuan, and the property and casualty insurance industry was 45.4 billion yuan, both hitting new highs for the same period. As of the end of September, the net value of the life insurance industry was 4.4428 billion yuan, and the net value of the property and casualty insurance industry was 211.3 billion yuan, both hitting record highs.
Furthermore, in terms of the "securities and futures investment and credit industry", Huang Houming, deputy director of the Securities and Futures Bureau, pointed out that the total profit in the first nine months of this year was 279.154 billion yuan, with an annual growth rate of 152%. Among them, the "securities industry" benefited from the enthusiasm of the stock market, driving brokerage, proprietary and underwriting businesses, with a cumulative profit of 2265. 300 million yuan, an annual growth of 171%; the "futures industry" due to its own funds investment in securities disposal and evaluation increased compared with the same period last year, driving a profit growth of 12.514 billion yuan, an annual increase of 74%; the "investment industry" benefited from the increase in asset management scale, profits reached 40.11 billion yuan, an annual increase of 99%.
