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Today bank cards have become the top tools for payments by individuals for overseas transactions. Statistics show that the total amount of the overseas bank card transactions by individuals surpassed USD 120 billion in 2016. In China, the statistics of balance of payments for overseas bank card transactions are collected on an aggregate basis. As the requirements against money laundering, terrorist financing, and BEPS rise in international collaboration, the collection of statistics on cross-border bank card transactions needs further enhancement in terms of financial transaction transparency and statistical quality. To improve the statistics on and safeguard the order of overseas bank card transactions, the State Administration of Foreign Exchange (SAFE) has recently published the Circular of the State Administration of Foreign Exchange on Reporting Overseas Bank Card Transactions by Financial Institutions (Huifa No. 15 [2017], hereinafter referred to as the Circular"). Pursuant to the Circular, domestic card issuing financial institutions shall report to the SAFE the information on all the overseas withdrawals and single deals worth the equivalent of more than RMB 1,000 via domestic bank cards starting from September 1, 2017. Collection of the information on overseas bank card transactions does not concern the adjustments of foreign exchange administration policies for overseas bank card transactions. The SAFE will continue to support and ensure the legal and convenient use of bank cards for overseas transactions by individuals under the current account. The information on overseas bank card transactions shall be reported by the card issuing financial institutions, and individuals need not declare otherwise. With no cost for using bank cards by individuals increasing, the SAFE will work to ensure the information security of cardholders in accordance with the law. The Circular will come into force as of the date of promulgation. 2017-06-02/en/2017/0602/1316.html
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The SAFE has set up branches (administrative offices) in various provinces, autonomous regions, and municipalities directly under the Central Government, as well as in some cities with sub-provincial status. In addition, the SAFE has established central sub-branches in some prefectural-level cities (cities) and sub-branches in some counties (cities). These branches, central sub-branches and sub-branches operate on the same premises as the local PBC ones. The SAFE network consists of the following: Branches Central Sub-branches Sub-branches SAFE Tianjin Branch 1 0 SAFE Liaoning Branch 12 2 SAFE Shanghai Branch 0 0 SAFE Jiangsu Branch 12 41 SAFE Shandong Branch 15 92 SAFE Hubei Branch 12 18 SAFE Guangdong Branch 19 65 SAFE Sichuan Branch 20 16 SAFE Shaanxi Branch 9 2 SAFE Beijing Administrative Office 1 0 SAFE Chongqing Administrative Office 8 2 SAFE Hebei Branch 11 75 SAFE Shanxi Branch 10 1 SAFE Inner Mongolia Autonomous Region Branch 11 7 SAFE Jilin Branch 8 2 SAFE Heilongjiang Branch 12 14 SAFE Zhejiang Branch 9 39 SAFE Fujian Branch 7 45 SAFE Anhui Branch 16 6 SAFE Henan Branch 17 16 SAFE Jiangxi Branch 10 12 SAFE Hunan Branch 13 3 SAFE Guangxi Zhuang Autonomous Region Branch 13 7 SAFE Hainan Branch 2 11 SAFE Guizhou Branch 8 0 SAFE Yunnan Branch 15 20 SAFE Tibet Autonomous Region Branch 5 0 SAFE Gansu Branch 13 1 SAFE Ningxia Hui Autonomous Region Branch 4 1 SAFE Qinghai Branch 2 1 SAFE Xinjiang Uygur Autonomous Region Branch 14 4 SAFE Shenzhen Branch 0 0 SAFE Dalian Branch 1 3 SAFE Qingdao Branch 0 5 SAFE Xiamen Branch 0 0 SAFE Ningbo Branch 0 6 Total 310 517 2021-10-12/en/2017/1026/1315.html
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官方储备资产 Official reserve assets 项目 Item 2019.01 2019.02 2019.03 2019.04 2019.05 2019.06 2019.07 2019.08 2019.09 2019.10 2019.11 2019.12 亿美元 100million USD 亿SDR 100million SDR 亿美元 100million USD 亿SDR 100million SDR 亿美元 100million USD 亿SDR 100million SDR 亿美元 100million USD 亿SDR 100million SDR 亿美元 100million USD 亿SDR 100million SDR 亿美元 100million USD 亿SDR 100million SDR 亿美元 100million USD 亿SDR 100million SDR 亿美元 100million USD 亿SDR 100million SDR 亿美元 100million USD 亿SDR 100million SDR 亿美元 100million USD 亿SDR 100million SDR 亿美元 100million USD 亿SDR 100million SDR 亿美元 100million USD 亿SDR 100million SDR 1. 外汇储备 Foreign currency reserves 30879.24 22045.61 30901.80 22104.67 30987.61 22321.33 30949.53 22333.98 31010.04 22509.88 31192.34 22437.12 31036.97 22565.49 31071.76 22707.64 30924.31 22683.32 31051.61 22511.11 30955.91 22547.82 31079.24 22475.17 2. 基金组织储备头寸 IMF reserve position 84.85 60.58 84.68 60.58 84.09 60.58 83.46 60.23 82.83 60.12 82.33 59.22 85.39 62.08 84.46 61.73 84.15 61.73 85.05 61.66 84.65 61.66 84.44 61.06 3. 特别提款权 SDRs 107.86 77.01 107.94 77.21 107.22 77.23 107.08 77.27 106.83 77.54 108.11 77.77 108.50 78.88 108.22 79.09 107.85 79.11 109.16 79.14 108.99 79.38 111.26 80.46 4. 黄金 Gold 793.19 566.29 794.98 568.66 785.25 565.64 783.49 565.39 798.25 579.44 872.68 627.73 888.76 646.18 954.50 697.56 930.45 682.49 946.51 686.18 914.69 666.25 954.06 689.94 5994万盎司 5994万盎司 6026万盎司 6026万盎司 6062万盎司 6062万盎司 6110万盎司 6110万盎司 6161万盎司 6161万盎司 6194万盎司 6194万盎司 6226万盎司 6226万盎司 6245万盎司 6245万盎司 6264万盎司 6264万盎司 6264万盎司 6264万盎司 6264万盎司 6264万盎司 6264万盎司 6264万盎司 5. 其他储备资产 Other reserve assets -1.63 -1.16 -1.54 -1.10 -2.99 -2.16 1.05 0.76 0.16 0.11 -3.11 -2.24 -4.65 -3.38 -3.95 -2.89 -2.25 -1.65 -1.09 -0.79 -1.61 -1.17 0.33 0.24 合计 Total 31863.52 22748.33 31887.86 22810.02 31961.18 23022.62 31924.61 23037.63 31998.10 23227.09 32252.35 23199.60 32114.97 23349.25 32214.99 23543.13 32044.51 23505.00 32191.25 23337.30 32062.63 23353.94 32229.32 23306.87 注：自2016年4月1日起，除按美元公布官方储备资产外，增加以国际货币基金组织特别提款权（SDR）公布相关数据，折算汇率来源于国际货币基金组织网站，其中2019年1月 USD/SDR=0.71393,2019年2月USD/SDR=0.71532，2019年3月USD/SDR=0.720331，2019年4月USD/SDR=0.721626，2019年5月USD/SDR=0.72589,2019年6月USD/SDR=0.719315，2019年7月USD/SDR=0.727052，2019年8月USD/SDR=0.730813，2019年9月USD/SDR=0.733511，2019年10月USD/SDR=0.724958，2019年11月USD/SDR=0.728385，2019年12月USD/SDR=0.723157。 2020-01-07/en/2018/0517/1433.html
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The State Administration of Foreign Exchange (SAFE) has recently disseminated China's external debt data as at the end of December 2017, and an official from the SAFE answered media questions on relevant issues regarding China's external debt. Q: Could you brief us on the overall changes in external debt for 2017? How to evaluate the external debt risks facing China now? A: China's external debt was on the rise in 2017. As at the end of December, the full-scale outstanding external debt (including domestic and foreign currencies) hit USD 1.7106 trillion, up by USD 294.8 billion year on year. In terms of quarters, external debt rose fastest in the second and third quarters, amounting to USD 124.9 billion and USD 117.2 billion respectively; the outstanding external debt climbed by USD 35.5 billion in the fourth quarter, which was very low. As for debt vehicles, the growth in external debt in China was primarily driven by the increases in currencies & deposits, and debt bonds, with their contribution to the overall expansion of external debt reaching 42% and 37% respectively. The external debt risks facing China are within control now. As at the end of 2017, the liability ratio, or the ratio of outstanding external debt to GDP was 14%; the debt ratio, or the ratio of outstanding external debt to export income from trade in goods and services was 71%; the debt servicing ratio, or the ratio of payments of principal and interest on external debt in the middle and long term and payments of interest on external debt in the short term to export income from trade in goods and services, was 7%, and the ratio of short-term external debt to foreign exchange reserves was 35%. All of the above indicators are below the internationally accepted safe levels. Q: What are the drivers of the growth in China's outstanding external debt? A: In 2017, the growth in China's outstanding external debt was primarily driven by the stable macro economic performance and the yielding of policy dividends. On the one hand, China witnessed stable economic development with strong momentum for growth and steady increase in economic development indicators. China's GDP for 2017 hit RMB 82.7 trillion, up by 6.9% year on year; imports and exports totaled RMB 27.8 trillion, up by 14.2% year on year; the two-way fluctuations of RMB exchange rate were more resilient, with RMB exchange rate expected to stay stable. All of these are the basic drivers of the growth in China's external debt. On the other hand, a wealth of reformative measures were introduced, enhancing the facilitation of cross-border financing by domestic players. In the year, the People's Bank of China (PBC) and the SAFE stepped up their efforts to improve the macro-prudential administration policy for full-scale cross-border financing, actively supporting financial institutions and enterprises to carry out cross-border financing in domestic and foreign currencies on their own and enabling domestic institutions to expand financing channels and reducing financing costs by making full use of the two markets and two types of resources. Moreover, the inter-bank bond market was more liberalized. In particular, the Bond Connect between the mainland and Hong Kong opened the domestic financial market wider to foreign investors, arousing foreign institutions' interest in holding more domestic bonds, and as a result, the domestic bonds they hold kept rising. Going forward, the PBC and SAFE will implement the requirement of improving the framework of regulation underpinned by monetary policy and macro-prudential policy, which was proposed at the 19th CPC National Congress. They will improve the macro-prudential administration policy with focus on bank and short-term capital flows, and make full use of its roles in counter-cyclical adjustment. While effectively preventing risks, they will step up efforts to serve the real economy and promote sustainable and healthy economic development. 2018-03-29/en/2018/0329/1422.html
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The State Administration of Foreign Exchange (SAFE) has recently released the data on banks' foreign exchange settlements and sales and their foreign-related receipts and payments for clients for February 2018, and its press spokesperson answered media questions on recent cross-border capital flows. Q: Could you brief us on China's cross-border capital flows for February 2018? A: The domestic foreign exchange market remained self-balanced in February 2018. First, foreign exchange supply and demand maintained a basic equilibrium in China. A deficit of USD 8.2 billion was registered in banks' foreign exchange sales and settlements in the month, higher than a month ago, but other factors that impact foreign exchange supply and demand continued to play a balancing role. For example, as banks' foreign exchange positions reduced by USD 6 billion, foreign exchange supply increased in the month. Second, non-banking sectors such as enterprises witnessed slight fluctuations in foreign-related receipts and payments. A deficit of USD 6.2 billion was recorded in foreign-related receipts and payments in the month, versus a surplus in January because of high export receipts among Chinese enterprises and foreign capital inflows in the run-up to the Chinese Spring Festival. In the two months, foreign-related receipts and payments registered an accumulated surplus of USD 18.5 billion, versus a deficit of USD 7.8 billion for the same month last year. In addition, the balance of foreign exchange reserves as at the end of February declined month on month due to exchange rate conversion and recovery of asset prices, but the supply and demand of foreign exchange still maintained an equilibrium. The supply or demand of foreign exchange through major channels stayed stable. According to the data for January and February, after adjustment of the impact of the Chinese Spring Festival, the surplus of foreign exchange sales and settlements under trade in goods has grown stably since the beginning of the year, and foreign exchange sales and settlements under trade in goods for clients by banks recorded a surplus of USD 35.8 billion, up by 16% year on year; foreign exchange sales and settlements under direct investment continued with a surplus; foreign exchange settlements under FDI continued to rise, and foreign exchange purchases under ODI remained stable in January and February; enterprises' ROI and personal purchases of foreign exchange fell stably. Recently, despite heightened volatility of the global financial markets, domestic economy has operated stably, market expectations have been reasonably diverged, the RMB exchange rate against US dollars has continued with two-way fluctuations and remained stable, and the domestic supply and demand of foreign exchange has maintained a self-balance, indicating a stronger momentum for two-way cross-border capital flows and general equilibrium at present. 2018-03-19/en/2018/0319/1421.html
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FILE: The Scale of China's Foreign Exchange Reserves(1950-2017) FILE: The Scale of China's Foreign Exchange Reserves (December 1999-December 2015) FILE: The Scale of China's Foreign Exchange Reserves(January 2016-April 2018) 2018-05-07/en/2018/0408/1426.html
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The branches and foreign exchange administrative departments of the State Administration of Foreign Exchange (SAFE) in all provinces, autonomous regions, and municipalities directly under the Central Government, and the branches of the SAFE in Shenzhen, Dalian, Qingdao, Xiamen, and Ningbo; and national Chinese-funded banks: To deepen the development of the foreign exchange market to better serve the real economy, issues related to the improvement of foreign exchange administration for forward foreign exchange sales and settlement are notified as follows: I. When providing forward foreign exchange sales and settlement services for clients, banks may choose gross or net settlement as a way of delivery based on the needs for hedging and actual demand. Net settlement shall be made in RMB. The reference price used to determine the net amount shall be the real-time and effective exchange rate in the domestic market. II. The forward foreign exchange sales and settlement for clients through netting delivery shall be subject to the management of comprehensive positions in foreign exchange settlement and sales and related statements shall be submitted in accordance with the Circular of the General Affairs Department of the State Administration of Foreign Exchange on Adjusting Statistical Statements on Banks' Foreign Exchange Settlement and Sales (Huizongfa No. 4 [2017]). III. Banks shall enhance business innovations and management, and actively support clients to ensure sound management of risks associated with foreign exchange, while improving risk education to clients, and guiding them to establish the philosophy of risk neutrality, so as to handle foreign exchange derivatives rationally and prudentially. IV. This Circular will come into effect as of the date of issuance. In case of any discrepancies with previous regulations, this Circular shall prevail. Upon receipt, the branches and foreign exchange administrative departments of the SAFE shall timely forward it to the relevant financial institutions within their respective jurisdictions. State Administration of Foreign Exchange February 12, 2018 2018-02-13/en/2018/0213/1423.html
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官方储备资产 Official reserve assets FILE 1：Official reserve assets（2017） FILE 2：Official reserve assets（2016） FILE 3：Official reserve assets（2015.06-2015.12） 2018-05-17/en/2018/0517/1431.html
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Since established in 2006, the QDII system has played positive roles in boosting the opening-up of financial markets, expanding investment channels for domestic residents and supporting financial institutions to go global. To implement the spirit of the 19th CPC National Congress, and the requirement of further opening-up raised by General Secretary Xi Jinping at the 2018 annual meeting of the Boao Forum for Asia, the State Administration of Foreign Exchange (SAFE) follows the logic of macro-prudential administration, considers the AUM, internal control and compliance of QDIIs based on the business features of institutions and works on the matters relating to QDIIs in a fair, just and transparent manner, thus better meeting the requirements of domestic players for cross-border assets allocation. Customarily, the updates of the quotas for QDIIs are published at the official website of the SAFE at the end of every month, in the hope of calling your attention and subjecting relevant issues to your supervision. Next, the SAFE will work with relevant departments to study how to press ahead with the reform. They will continue to improve the macro-prudential administration of QDIIs based on the BOP, industry trends and outbound investments, to serve the new pattern of comprehensive opening-up in China and help build an open world economy. 2018-04-11/en/2018/0605/1434.html
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FILE1:The Scale of China's Foreign Exchange Reserves(1950-2015) FILE2:The Scale of China's Foreign Exchange Reserves(December 1999-May 2015) 2018-01-12/en/2018/0612/1436.html