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At the end of July, CFLD signed a strategic cooperation framework agreement with Ping An, becoming a major strategic partner. The two sides will strengthen cooperation in various areas including financial service, industrial cities and emerging industries.
At the end of last year, trading volumes in Shanghai's financial markets stood at 1,934 trillion yuan (8 trillion), nearly eight times the level a decade ago, according to the CEIBS Lujiazui Institute of International Finance, part of the China Europe International Business School, which is based in Shanghai.
At present, the total assets of China's financial industry are around 300 trillion yuan (.65 trillion). The total assets of the banking industry are 268 trillion yuan, accounting for 89 percent of the total, data showed.
At the end of June, its nonperforming loan ratio dropped by five basis points from the end of last year to 1.72 percent, while its NPL provision coverage ratio increased by 7.19 percentage points to 165.17 percent.
At the Cabinet meeting, Premier Li Keqiang said scaling up the renovation of old urban communities has immense potential for fueling domestic demand.
来源：资阳报