The executive, legislative and justice departments of the Chinese government have total net assets amounting to 55.3 trillion yuan ($9 trillion) in 2013, according to a report published by the People's Bank of China Research Institute of Finance and Banking.
The finance institute also said that when government-backed public institutions and associations are included in the count, the government's total net assets amount to around 92.3 trillion yuan ($14.8 trillion) in 2013.
The total figure goes up to roughly 106.8 trillion yuan ($17.2 trillion) when the total net assets of government-controlled companies, China's public departments and the government's net assets are combined together.
The three major branches of government alone account for 26 percent of China's recorded gross domestic product (GDP) in 2013.
The finance institute stated that China's relatively huge foreign exchange reserves give the Chinese government a good foundation for economic control.
It further said that China's government assets are substantial and that the government has shown its ability to have structural stability and fitness.
Authorities have been trying for a compilation of national and local balance sheets together with a unified economic accounting regime in order for them to know exactly what the country's assets and liabilities are and use this knowledge as a tool for risk prevention in the future.
Despite the efforts of the government, it has encountered obstacles in terms of department classification and the definition of liabilities.
The research that the finance institute began in 2013 aims to facilitate this process and is expected to be finished by 2018.