Total assets of financial institutions up 11.2%

The total assets of Chinese financial institutions rose by 11.2 percent on a yearly basis to 347.32 trillion yuan ($53.18 trillion) by the end of the third quarter of the year, central bank data showed. By the end of the third quarter, banking institutions saw their total assets at 315.18 trillion yuan, up 10.5 percent on a yearly basis, according to the People's Bank of China.

NDRC clears FAI projects worth $56.7b

China's top economic regulator approved 26 fixed-asset investment projects with a combined investment of 370.4 billion yuan ($56.7 billion) in November, official data showed. The projects were mainly in the transport, informatization and energy industries, according to the National Development and Reform Commission.

Xinhua