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As shown in the statistics of the State Administration of Foreign Exchange (SAFE), in October 2025, the amount of foreign exchange settlement and sales by banks was RMB 1519.4 billion and RMB 1394.0 billion, respectively. During January to October 2025, the accumulative amount of foreign exchange settlement and sales by banks was RMB 14794.1 billion and RMB 14220.1 billion, respectively. In the US dollar terms, in October 2025, the amount of foreign exchange settlement and sales by banks was USD 214.2 billion and USD 196.5 billion, respectively. During January to October 2025, the accumulative amount of foreign exchange settlement and sales by banks was USD 2067.5 billion and USD 1986.6 billion, respectively. In October 2025, the amount of cross-border receipts and payments by non-banking sectors was RMB 4420.7 billion and RMB 4057.9 billion, respectively. During January to October 2025, the accumulative amount of cross-border receipts and payments by non-banking sectors was RMB 46483.6 billion and RMB 45260.7 billion, respectively. In the US dollar terms, in October 2025, the amount of cross-border receipts and payments by non-banking sectors was USD 623.1 billion and USD 571.9 billion, respectively. During January to October 2025, the accumulative amount of cross-border receipts and payments by non-banking sectors was USD 6493.6 billion and USD 6322.7 billion, respectively. Addendum: Glossary and relevant definitions Balance of payments (BOP) refers to all economic transactions between residents and non-residents. Foreign exchange settlement and sales by banks refers to settlement and sale transaction that bank executes for customers and for the banks themselves, including statistic data on settlements of forward contracts for foreign exchange settlement and sales and the exercises of option, and excluding the transactions in the interbank foreign exchange market. The statistic reporting date of Foreign exchange settlement and sales by banks should be the trade day of the Foreign exchange settlement and sales transaction. By definition, foreign exchange settlement means that foreign exchange holders sell foreign exchange to banks, and foreign exchange sales means that banks sell foreign exchange to foreign exchange buyers. The newly signed contract amount of forward foreign exchange settlement and sales refers to the binding forward contract between a bank and its client that predetermines foreign exchange currency, amount, exchange rate and tenor which to be executed upon maturity. The unwind amount of forward foreign exchange settlement and sales refers to, where client is unable to perform the original forward contract due to change in its real demand, client to fully or partially close its forward position by executing another deal with opposite direction to the original contract. The rolling amount of forward foreign exchange settlement and sales refers to client to adjust the settlement date of original contract due to change in its real demand. The outstanding amount of forward foreign exchange settlement and sales by the end of the current period refers to the total amount of forward contracts accumulated from all non-matured forward contracts with client. The net Delta exposure of outstanding options refers to the implied foreign exchange spot risk exposure from outstanding option contracts that bank executed with client. The cross-border receipts and payments by non-banking sectors refers to the receipts and payments between domestic non-banking sectors (including institutional and individual residents) and non-residents through domestic banks, excluding cash transactions and bank’s own cross-border receipts and payments. In particular, the statistics includes cross-border receipts and payments between non-banking sectors and non-residents through domestic banks (including RMB and foreign currency), and domestic receipts and payments between non-banking sectors and non-residents through domestic banks (temporarily excluding domestic receipts and payments in RMB between individual/institutional residents and non-resident individuals). Data are collected when customers conduct receipts and payments with non-resident counterparties at domestic banks. Specifically, the receipts refer to funds received by non-banking sectors from non-residents via domestic banks; the payments refer to funds paid by non-banking sectors to non-residents via domestic banks. 2025-11-17/en/2025/1117/2362.html
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The State Administration of Foreign Exchange (SAFE) has recently released the data on the purchases and sales of foreign exchange by banks and the cross-border receipts and payments by non-banking sectors for September 2025. SAFE Deputy Administrator and Press Spokesperson Li Bin answered media questions on foreign exchange market situation for September 2025. Q: Could you brief us on China’s foreign exchange market situation in September 2025? A: China's foreign exchange market operated smoothly in September, showing two main trends. First, cross-border capital flows remained active and balanced. The cross-border receipts and payments by enterprises, individuals and other non-banking sectors reached USD 1.37 trillion in September, representing a month-on-month increase of 7%. Specifically, the cross-border receipts and payments under both the current account and the financial account registered growth, demonstrating the steady development of China's foreign-related economy. Due to seasonal effects of the National Day holiday on cross-border receipts and payments, the cross-border capital experienced a slight net outflow of USD 3.1 billion in September, but has turned into net inflow since October. By component, China’s foreign trade maintained steady growth, with a high-level net inflow under trade in goods in September, while cross-border capital flows under trade in services and investment income remained stable. Second, the supply and demand of the foreign exchange market remained relatively balanced. In September, foreign exchange purchases and sales by non-banking sectors showed significant month-on-month growth, with enterprises and other entities flexibly engaging in foreign exchange transactions based on their own needs. The surplus of foreign exchange purchases and sales by banks in September reached USD 51 billion. Net balance of foreign exchange was higher in early and mid-September, while the difference of foreign exchange purchases and sales tended to balance out in late September. Since October, foreign exchange purchases and sales by non-banking sectors have been roughly equal, indicating a basically balanced supply and demand in the foreign exchange market. In the first three quarters of this year, China’s total cross-border payments and receipts reached USD 11.6 trillion, hitting a record high for the same period. Net cross-border capital flows stood at USD 119.7 billion, and the surplus of foreign exchange purchases and sales by banks reached USD 63.2 billion, both higher than the same period last year. Overall, despite a complex external environment, China’s foreign exchange market has operated steadily this year, with stable market expectations, balanced supply and demand, as well as strong resilience and vitality. 2025-10-22/en/2025/1022/2361.html
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The State Administration of Foreign Exchange (SAFE) has recently released the data on the purchases and sales of foreign exchange by banks and the cross-border receipts and payments by non-banking sectors for August 2025. SAFE Deputy Administrator and Spokesperson Li Bin answered media questions on foreign exchange market situation for August 2025. Q: How would you assess China’s foreign exchange market situation in August 2025? A: China’s foreign exchange market operated smoothly in August. First, market transactions remained active. The cross-border receipts and payments by enterprises, individuals and other non-banking sectors reached USD 1.3 trillion in August, representing a year-on-year increase of 8%. Specifically, the cross-border receipts and payments under both the current account and the financial account registered growth, while cross-border trade, investment and financing maintained steady development. Second, the supply and demand of the foreign exchange market remained balanced in general. In August, the net cross-border capital inflow reached USD 3.2 billion, while the foreign exchange purchases and sales by banks registered a surplus of USD 14.6 billion. By component, the net inflow of funds under trade in goods remained stable, overseas investors generally recorded net purchases of domestic stocks and bonds, and the net outflows of funds for trade in services and investment income eased back from seasonal highs. Overall, China’s foreign exchange market transactions remained active, the supply and demand of foreign exchange were basically in equilibrium, and market expectations exhibited stability. 2025-09-19/en/2025/0919/2346.html
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As at the end of June 2025, China's banking sector recorded external financial assets of USD 1772.1 billion, external liabilities of USD 1537.7 billion, and net external assets of USD 234.4 billion, including net RMB liabilities of USD 317.1 billion and net foreign currency assets of USD 551.5 billion. Among the external financial assets of the banking sector, by instrument, deposits and loans were USD 1063.8 billion, bonds investment, USD 452.6 billion, and other assets including equity, USD 255.7 billion, accounting for 60 percent, 26 percent and 14 percent of the sector's total external financial assets respectively. By currency, RMB assets were USD 490.2 billion, USD assets were USD 900.8 billion, and other currency assets were USD 381.2 billion, accounting for 28 percent, 51 percent and 22 percent respectively. By counterpart sector, the amount invested in the overseas banking sector was USD 882.0 billion, accounting for 50 percent; the amount invested in the overseas non-banking sector was USD 890.1 billion, accounting for 50 percent. Among the external liabilities of the banking sector, by instrument, deposits and loans were USD 676.1 billion, bonds investment, USD 356.1 billion, and other liabilities including equity, USD 505.6 billion, accounting for 44 percent, 23 percent and 33 percent of the sector's total external liabilities respectively. By currency, RMB liabilities were USD 807.3 billion, USD liabilities, USD 320.3 billion, and other currency liabilities, USD 410.1 billion, accounting for 52 percent, 21 percent and 27 percent respectively. By counterpart sector, USD 620.1 billion was from overseas banking sector, accounting for 40 percent; while USD 917.6 billion was from overseas non-banking sector, accounting for 60 percent. (End) 2025-09-29/en/2025/0929/2342.html
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According to the statistics of the State Administration of Foreign Exchange (SAFE), the Chinese foreign exchange market (excluding foreign currency pairs, the same below) recorded total transactions of RMB 26.87 trillion (equivalent to USD 3.78 trillion) in September 2025. In terms of markets, the transactions volume of client market was RMB 4.43 trillion (equivalent to USD 0.62 trillion), and the transactions volume of interbank market was RMB 22.44 trillion (equivalent to USD 3.16 trillion). In terms of products, the cumulative transactions volume of the spot market was RMB 9.87 trillion (equivalent to USD 1.39 trillion), and that of the derivatives market was RMB 17.00 trillion (equivalent to USD 2.39 trillion). From January to September 2025, a total of RMB 230.10 trillion (equivalent to USD 32.11 trillion) was traded in the Chinese foreign exchange market. 2025-10-31/en/2025/1031/2356.html
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External Financial Assets and Liabilities of China's Banking Sector(As of June 30,2025) 2025-09-29/en/2025/0929/2343.html
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According to the statistics released by the State Administration of Foreign Exchange (SAFE), by the end of September 2025, China's foreign exchange reserves totaled USD 3.3387 trillion, up by USD 16.5 billion or 0.5% from the end of August 2025. In September 2025, driven by factors such as macroeconomic data, monetary policies and market expectations of major economies, the US dollar index experienced minor fluctuations, while global financial asset prices generally rose. China's foreign exchange reserves increased this month due to the combined effects of currency translation and changes in asset prices. China's economy sustains stable performance, with solid progress continuing to be made in high-quality development, which is conducive to the stabilization of foreign exchange reserves. 2025-10-07/en/2025/1007/2352.html
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FILE： Annual Report of the State Administration of Foreign Exchange (2023) 2024-11-29/en/2020/1221/2354.html
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In February 2026, the export and import of China’s international trade in goods and services totalled RMB 3934.9 billion. Of this, the export of goods and services recorded RMB 2147.6 billion and the import recorded RMB 1787.3 billion, resulting in a surplus of RMB 360.3 billion. In terms of the major items, the export and import of travel, other business services, transport, telecommunications, computer and information services registered RMB 159.6 billion, RMB 128.5 billion, RMB 103.3 billion and RMB 62.8 billion respectively. In the US dollar terms, in February 2026, the export and import of China’s international trade in goods and services were USD 309.2 billion and USD 257.3 billion respectively, with a surplus of USD 51.9 billion.(End) International Trade in Goods and Services of China February 2026 Item In 100 million of RMB In 100 million of USD Goods and services 3603 519 Credit 21476 3092 Debit -17873 -2573 1. Goods 4882 703 Credit 19484 2805 Debit -14602 -2102 2. Services -1279 -184 Credit 1992 287 Debit -3271 -471 2.1Manufacturing services on physical inputs owned by others 47 7 Credit 73 10 Debit -26 -4 2.2Maintenance and repair services n.i.e 35 5 Credit 74 11 Debit -39 -6 2.3Transport -291 -42 Credit 371 53 Debit -662 -95 2.4Travel -1068 -154 Credit 264 38 Debit -1332 -192 2.5Construction 21 3 Credit 83 12 Debit -62 -9 2.6Insurance and pension services -31 -4 Credit 11 2 Debit -42 -6 2.7Financial services -6 -1 Credit 2 0 Debit -9 -1 2.8Charges for the use of intellectual property -128 -18 Credit 56 8 Debit -184 -27 2.9Telecommunications, computer and information services 34 5 Credit 331 48 Debit -297 -43 2.10Other business services 110 16 Credit 697 100 Debit -587 -85 2.11Personal, cultural, and recreational services -2 0 Credit 22 3 Debit -24 -3 2.12Government goods and services n.i.e 0 0 Credit 9 1 Debit -8 -1 Notes: 1. The international trade in goods and services in this table refers to the transactions between residents and non-residents, based on the same standard as that for BOP statement. The monthly data are preliminary and may be inconsistent with the quarterly data in the BOP statement. 2. The data on international trade in goods and services are prepared in USD, and the RMB data for the current month is derived by converting the USD data at the monthly average central parity rate of the RMB against the USD. 3. This table employs rounded-off numbers. Definition of Indicators: The International Trade in Goods and Services: refers to the trade in goods and services between residents and non-residents, which is based on the same standardas that for the BOP statement. 1.Goods: refers to transactions in goods whereby the economic ownership is transferred between the Chinese residents and non-residents. The credit side records export of goods, while the debit side records import of goods. The data of goods account are mainly from enterprise survey, which differ from the statistics of the customs mainly in the following aspects: first, the goods in the BOP statement only reflect the goods whose ownership has been transferred (e.g. goods under the trade modes such as general trade and processing trade with imported materials), while the goods whose ownership is not transferred (e.g. manufacturing services with supplied materials or with exported materials) are included in the statistics of trade in services instead of the statistics of trade in goods; second, as required by the BOP statistics, the goods imported and exported are valued on the FOB basis, but as required by the customs, the goods exported are valued on the FOB basis, whereas goods imported are on the CIF basis. Therefore, for the purpose of the BOP statistics, the international transport and insurance premiums are taken out from the value of imported goods and included in the trade in services; and third, the data on net export of goods in merchanting which are not included in the customs statistics are supplemented. 2.Services: includes manufacturing services on physical inputs owned by others, maintenance and repair services n.i.e, transport, travel, construction, insurance and pension services, financial services, charges for the use of intellectual property, telecommunications, computer and information services, other business services, personal, cultural and recreational services, and government goods and services n.i.e. The credit side records services supplied, while the debit side records services received. 2.1Manufacturing services on physical owned by others: processor only provides processing, assembly, packaging and other services and charges service fee from the owner, while the ownership of the goods is not transferred between the owner and the processor. The credit side records the manufacturing services supplied by the Chinese residents on physical inputs owned by non-residents, and vice versa for debit side. 2.2Maintenance and repair services: refer to the maintenance and repair services supplied by residents to non-residents or vice versa on goods and equipment (such as vessel, aircraft, and other transportation facility) owned by the receiving party. The credit side records the maintenance and repair services supplied by the Chinese residents to non-residents, and vice versa for debit side. 2.3Transport: refers to the process of transporting people and goods from one place to another, and the relevant supporting and auxiliary services, as well as postal and delivery services. The credit side records the international transport, postal and delivery services supplied by residents to non-residents, and vice versa for debit side. 2.4Travel: refers to goods consumed and services purchased by travelers in various economies as non-residents. The credit side records the goods and services provided by the Chinese residents to non-residents who have stayed in China for less than one year, as well as non-residents studying abroad and seeking medical treatment for indefinite period of stay. The debit side records the goods and services purchased by the Chinese residents when traveling, studying or seeking medical services abroad from non-residents. 2.5Construction services: refer to the establishment, renovation, maintenance or expansion of fixed assets in the form of buildings, land improvement, roads, bridges and dams and other engineering buildings of engineering nature, relevant installation, assembly, painting, pipeline construction, demolition and project management, as well as site preparation, measurement and blasting and other special services. The credit side records the construction services provided by the Chinese residents outside the economic territory. The debit side records the construction services received by the Chinese residents in the Chinese economic territory from non-residents. 2.6 Insurance and pension services: refers to various insurance services and commission to agents related with insurance transaction. The credit side records the life insurance and annuity, non-life insurance, reinsurance, standardized guarantee services and relevant supporting services supplied by the Chinese residents to non-residents, and vice versa for debit side. 2.7 Financial services: refer to financial intermediation and supporting services, excluding those covered by insurance and pension services. The credit side records the financial intermediation and supporting services supplied by the Chinese residents to non-residents, and vice versa for debit side. 2.8 Charges for the use of intellectual property: refer to licensed use of intangible, non-productive/non-financial assets and exclusive rights between residents and non-residents and the licensed use of existing original works or prototypes. The credit side records the intellectual property-related services supplied by the Chinese residents to non-residents, and vice versa for debit side. 2.9 Telecommunications, computer and information services: refer to communications services between residents and non-residents and transactions of services related to computer data and news, excluding commercial services delivered via telephone, computer and Internet. The credit side records the telecommunications, computer and information services supplied by residents to non-residents, and vice versa for debit side. 2.10 Other business services: refer to other types of services between residents and non-residents, including research and development services, professional and management consulting services, technical and trade-related services. The credit side records the other business services supplied by the Chinese residents to non-residents, and vice versa for debit side. 2.11 Personal, cultural and recreational services: refer to transactions of personal, cultural and recreational services between residents and non-residents, including audiovisual and related services (films, radio, television programs and music recordings) and other personal, cultural and recreational services (health, education, etc.). The credit side records the related services supplied by the Chinese residents to non-residents, and vice versa for debit side. 2.12 Government goods and services n.i.e: refer to various goods and services provided and purchased by governments and international organizations not included in other categories of goods and services. The credit side records the goods and services not included elsewhere and supplied by the Chinese residents to non-residents, and vice versa for debit side. 2026-03-27/en/2026/0327/2404.html
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In the fourth quarter of 2025, China's current account registered a surplus of RMB 1726.1 billion, including a surplus of RMB 2196.0 billion under trade in goods, a deficit of RMB 343.5 billion under trade in services, a deficit of RMB 175.6 billion under primary income and a surplus of RMB 49.2 billion under secondary income. The capital and financial accounts recorded a deficit of RMB 1662.1 billion. In 2025, China's current account registered a surplus of RMB 5243.4 billion, the capital and financial accounts recorded a deficit of RMB 5517.1 billion. In the US dollar terms, in the fourth quarter of 2025, China's current account registered a surplus of USD 243.8 billion, including a surplus of USD 310.3 billion under trade in goods, a deficit of USD 48.5 billion under trade in services, a deficit of USD 24.9 billion under primary income and a surplus of USD 6.9 billion under secondary income. The capital and financial accounts recorded a deficit of USD 234.8 billion. In 2025, China's current account recorded a surplus of USD 735.0 billion, the capital and financial accounts recorded a deficit of USD 773.5 billion. In SDR terms, in the fourth quarter of 2025, China's current account registered a surplus of SDR 178.9 billion, including a surplus of SDR 227.6 billion under trade in goods, a deficit of SDR 35.6 billion under trade in services, a deficit of SDR 18.2 billion under primary income and a surplus of SDR 5.1 billion under secondary income. The capital and financial accounts recorded a deficit of SDR 172.2 billion. In 2025, China posted a surplus of SDR 543.7 billion under the current account, the capital and financial accounts recorded a deficit of SDR 571.1 billion. The SAFE has revised the Balance of Payments for each quarter since 2019 according to the latest data. To further increase the data transparency, the SAFE has released breakdowns of investment income, and financial account by sector and maturity for the annual of 2025. The data can be found in the section of "Data and Statistics" at the official website of the SAFE. In addition, in order to facilitate understanding of China’s Balance of Payments and International Investment Position, the BOP Analysis Team of the SAFE has released China's Balance of Payments Report 2025. (End) Abridged Balance of Payments, Q4 2025 Item Line No. RMB 100 million USD 100 million SDR 100 million 1. Current Account 1 17261 2438 1789 Credit 2 87828 12408 9104 Debit 3 -70567 -9970 -7315 1. A Goods and Services 4 18526 2618 1920 Credit 5 80470 11369 8341 Debit 6 -61944 -8751 -6421 1.A.a Goods 7 21960 3103 2276 Credit 8 72796 10284 7546 Debit 9 -50835 -7182 -5269 1.A.b Services 10 -3435 -485 -356 Credit 11 7674 1084 795 Debit 12 -11109 -1570 -1151 1.B Primary Income 13 -1756 -249 -182 Credit 14 6419 907 665 Debit 15 -8175 -1155 -847 1.C Secondary Income 16 492 69 51 Credit 17 939 133 97 Debit 18 -448 -63 -46 2. Capital and Financial Account 19 -16621 -2348 -1722 2.1 Capital Account 20 -4 -1 0 Credit 21 1 0 0 Debit 22 -5 -1 -1 2.2 Financial Account 23 -16617 -2348 -1722 Assets 24 -15954 -2254 -1653 Liabilities 25 -663 -94 -69 2.2.1 Financial Account Excluding Reserve Assets 26 -16217 -2291 -1680 2.2.1.1 Direct Investment 27 417 59 43 Assets 28 -2861 -404 -296 Liabilities 29 3278 464 340 2.2.1.2 Portfolio Investment 30 -8313 -1174 -862 Assets 31 -6899 -974 -716 Liabilities 32 -1414 -200 -146 2.2.1.3 Financial Derivatives (other than reserves) and Employee Stock Options 33 -337 -48 -35 Assets 34 720 102 75 Liabilities 35 -1057 -149 -109 2.2.1.4 Other Investment 36 -7984 -1128 -827 Assets 37 -6513 -920 -674 Liabilities 38 -1471 -208 -152 2.2.2 Reserve Assets 39 -400 -57 -41 3. Net Errors and Omissions 40 -640 -90 -67 Notes: 1. The statement is compiled according to BPM6. Reserve assets are included in capital and financial accounts. 2."Credit" is presented as positive value while "debit" as negative value, and the difference is the sum of the "Credit" and the "Debit". All items herein refer to difference, unless marked with "Credit" or "Debit". 3. The RMB denominated quarterly BOP data is converted from the USD denominated BOP data for the quarter using the period average central parity rate of RMB against USD. The quarterly accumulated RMB denominated BOP data is derived from the sum total of the RMB denominated data for the quarters. 4. The SDR denominated quarterly BOP data is converted from the USD denominated BOP data for the quarter using the period average exchange rate of SDR against USD. The quarterly accumulated SDR denominated BOP data is derived from the sum total of the SDR denominated data for the quarters. 5. In the fourth quarter of 2025, the gross inflow of equity other than reinvestment of earnings under direct investment liabilities (credit) was USD 32.2 billion (RMB 227.9 billion). 6.This statement employs rounded-off numbers. 7. For detailed data, please see the section of “Data and Statistics” at the website of the SAFE. 8. The BOP data is revised regularly; please find the latest data in “Data and Statistics”. Abridged Balance of Payments, 2025 Item Line No. RMB 100 million USD 100 million SDR 100 million 1. Current Account 1 52434 7350 5437 Credit 2 323156 45256 33498 Debit 3 -270723 -37906 -28060 1. A Goods and Services 4 58683 8224 6082 Credit 5 295393 41368 30623 Debit 6 -236710 -33144 -24541 1.A.a Goods 7 75704 10606 7850 Credit 8 267928 37522 27775 Debit 9 -192224 -26916 -19925 1.A.b Services 10 -17021 -2381 -1768 Credit 11 27465 3847 2848 Debit 12 -44486 -6228 -4616 1.B Primary Income 13 -7826 -1095 -808 Credit 14 24472 3427 2534 Debit 15 -32299 -4522 -3342 1.C Secondary Income 16 1577 221 163 Credit 17 3291 461 341 Debit 18 -1714 -240 -178 2. Capital and Financial Account 19 -55171 -7735 -5711 2.1 Capital Account 20 -14 -2 -1 Credit 21 10 1 1 Debit 22 -24 -3 -2 2.2 Financial Account 23 -55157 -7733 -5710 Assets 24 -54293 -7609 -5633 Liabilities 25 -864 -125 -77 2.2.1 Financial Account Excluding Reserve Assets 26 -58518 -8201 -6064 2.2.1.1 Direct Investment 27 -5536 -772 -578 Assets 28 -11226 -1572 -1168 Liabilities 29 5690 800 590 2.2.1.2 Portfolio Investment 30 -30354 -4256 -3138 Assets 31 -25743 -3606 -2672 Liabilities 32 -4611 -650 -466 2.2.1.3 Financial Derivatives (other than reserves) and Employee Stock Options 33 -1725 -241 -179 Assets 34 53 9 5 Liabilities 35 -1778 -250 -184 2.2.1.4 Other Investment 36 -20903 -2932 -2169 Assets 37 -20739 -2908 -2152 Liabilities 38 -164 -24 -17 2.2.2 Reserve Assets 39 3361 468 353 3. Net Errors and Omissions 40 2737 385 274 Notes: 1. The statement is compiled according to BPM6. Reserve assets are included in capital and financial accounts. 2."Credit" is presented as positive value while "debit" asnegative value, and the difference is the sum of the "Credit" and the"Debit". All items herein refer to difference, unless marked with "Credit" or "Debit". 3. The RMB denominated quarterly BOP data is converted from the USD denominated BOP data for the quarter using the period average central parity rate of RMB against USD. The quarterly accumulated RMB denominated BOP data is derived from the sum total of the RMB denominated data for the quarters. 4. The SDR denominated quarterly BOP data is converted from the USD denominated BOP data for the quarter using the period average exchange rate of SDR against USD. The quarterly accumulated SDR denominated BOP data is derived from the sum total of the SDR denominated data for the quarters. 5.In 2025, the gross inflow of equity other than reinvestment of earnings under direct investment liabilities (credit) was USD 92.3 billion (RMB 658.6 billion). 6.This statement employs rounded-off numbers. 7. For detailed data, please see the section of “Data and Statistics” at the website of the SAFE. 8. The BOP data is revised regularly; please find the latest data in “Data and Statistics”. 2026-03-27/en/2026/0327/2406.html