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As at the end of March 2023, China’s external financial assets reached USD 9445.7 billion, external financial liabilities reached USD 6880.4 billion, and net external assets totaled USD 2565.3 billion. In the external financial assets, direct investment assets amounted to USD 2834.8 billion, portfolio investment assets, USD 1101.6 billion, financial derivative assets, USD 16.0 billion, other investment assets, USD 2114.3 billion, and reserves assets, USD 3379.0 billion, accounting for 30 percent, 12 percent, 0.2 percent, 22 percent and 36 percent of external financial assets respectively. In external liabilities, direct investment liabilities were USD 3537.7 billion, portfolio investment liabilities, USD 1837.7 billion, financial derivative liabilities, USD 14.9 billion and other investment liabilities, USD 1490.1 billion, accounting for 51 percent, 27 percent, 0.2 percent and 22 percent of the external financial liabilities respectively. In SDR terms, China’s external financial assets and liabilities reached SDR 7021.6 billion and SDR 5114.6 billion respectively, and external net assets totaled SDR 1907.0 billion at the end of March 2023.(End) China's International Investment Position, End of March 2023 Item Line No. Position in 100 million USD Position in 100 million SDR Net Position 1 25653 19070 Assets 2 94457 70216 1 Direct Investment 3 28348 21073 1.1 Equity and Investment Fund Shares 4 24528 18234 1.2 Debt Instruments 5 3820 2840 1.a Financial Sectors 6 3885 2888 1.1.a Equity and Investment Fund Shares 7 3661 2721 1.2.a Debt Instruments 8 224 167 1.b Non-financial Sectors 9 24463 18185 1.1.b Equity and Investment Fund Shares 10 20867 15512 1.2.b Debt Instruments 11 3596 2673 2 Portfolio Investment 12 11016 8189 2.1 Equity and Investment Fund Shares 13 6255 4650 2.2 Debt Securities 14 4761 3539 3 Financial Derivatives (other than reserves) and Employee Stock Options 15 160 119 4 Other Investment 16 21143 15717 4.1 Other Equity 17 97 72 4.2 Currency and Deposits 18 4918 3656 4.3 Loans 19 8824 6560 4.4 Insurance, Pension, and Standardized Guarantee Schemes 20 270 201 4.5 Trade Credit and Advances 21 6098 4533 4.6 Others 22 935 695 5 Reserve Assets 23 33790 25118 5.1 Monetary Gold 24 1317 979 5.2 Special Drawing Rights 25 525 390 5.3 Reserve Position in the IMF 26 109 81 5.4 Foreign Currency Reserves 27 31839 23668 5.5 Other Reserve Assets 28 1 1 Liabilities 29 68804 51146 1 Direct Investment 30 35377 26298 1.1 Equity and Investment Fund Shares 31 32137 23890 1.2 Debt Instruments 32 3240 2409 1.a Financial Sectors 33 1993 1482 1.1.a Equity and Investment Fund Shares 34 1782 1325 1.2.a Debt Instruments 35 211 157 1.b Non-financial Sectors 36 33384 24816 1.1.b Equity and Investment Fund Shares 37 30355 22565 1.2.b Debt Instruments 38 3029 2252 2 Portfolio Investment 39 18377 13660 2.1 Equity and Investment Fund Shares 40 12049 8957 2.2 Debt Securities 41 6328 4704 3 Financial Derivatives (other than reserves) and Employee Stock Options 42 149 111 4 Other Investment 43 14901 11077 4.1 Other Equity 44 0 0 4.2 Currency and Deposits 45 5740 4267 4.3 Loans 46 4047 3008 4.4 Insurance, Pension, and Standardized Guarantee Schemes 47 273 203 4.5 Trade Credit and Advances 48 3857 2867 4.6 Others 49 497 369 4.7 Special Drawing Rights 50 487 362 Notes:1. This table employs rounded-off numbers. 2.Net International Investment Position refers to assets minus liabilities. Positive figure refers to net assets, and negative figure refers to net liabilities. 3.The SDR denominated data is converted from the USD denominated data, using the exchange rate of SDR against USD at the end of the quarter. 4.The IIP data is revised regularly; please find the latest data in “Data and Statistics”. 2023-06-30/en/2023/0630/2090.html
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In the first quarter of 2023, China's current account registered a surplus of RMB 557.5 billion, and the capital and financial accounts recorded a deficit of RMB 522.2 billion. In SDR terms, in the first quarter of 2023, China posted a surplus of SDR 60.8 billion under the current account, and a deficit of SDR 57.0 billion under the capital and financial accounts. In the US dollar terms, in the first quarter of 2023, China's current account recorded a surplus of USD 81.5 billion, including a surplus of USD 129.9 billion under trade in goods, a deficit of USD 47.2 billion under trade in services, a deficit of USD 6.6 billion under primary income and a surplus of USD 5.4 billion under secondary income. The capital and financial accounts recorded a deficit of USD 76.3 billion, including a surplus of USD 6.5 million under the capital account, a deficit of USD 29.4 billion under direct investment, a deficit of USD 56.4 billion under portfolio investment, a surplus of USD 1.8 billion under financial derivatives, a surplus of USD 33.1 billion under other investment, and reserves assets increased by USD 25.5 billion. (End) Abridged Balance of Payments, Q1 2023 Item Line No. RMB 100 million USD 100 million SDR 100 million 1. Current Account 1 5575 815 608 Credit 2 60996 8913 6653 Debit 3 -55421 -8097 -6045 1. A Goods and Services 4 5663 828 618 Credit 5 56382 8239 6150 Debit 6 -50720 -7411 -5532 1.A.a Goods 7 8890 1299 970 Credit 8 50582 7392 5517 Debit 9 -41691 -6092 -4548 1.A.b Services 10 -3228 -472 -352 Credit 11 5801 847 633 Debit 12 -9028 -1319 -985 1.B Primary Income 13 -458 -66 -50 Credit 14 3829 559 418 Debit 15 -4286 -626 -467 1.C Secondary Income 16 370 54 40 Credit 17 785 114 85 Debit 18 -415 -61 -45 2. Capital and Financial Account 19 -5222 -763 -570 2.1 Capital Account 20 0 0 0 Credit 21 6 1 1 Debit 22 -6 -1 -1 2.2 Financial Account 23 -5222 -763 -570 Assets 24 -6828 -998 -745 Liabilities 25 1606 235 175 2.2.1 Financial Account Excluding Reserve Assets 26 -3482 -508 -380 2.2.1.1 Direct Investment 27 -2007 -294 -219 Assets 28 -3415 -499 -372 Liabilities 29 1409 205 153 2.2.1.2 Portfolio Investment 30 -3858 -564 -421 Assets 31 -2606 -382 -285 Liabilities 32 -1252 -182 -136 2.2.1.3 Financial Derivatives (other than reserves) and Employee Stock Options 33 123 18 13 Assets 34 55 8 6 Liabilities 35 68 10 7 2.2.1.4 Other Investment 36 2260 331 247 Assets 37 878 129 97 Liabilities 38 1382 203 151 2.2.2 Reserve Assets 39 -1740 -255 -190 3. Net Errors and Omissions 40 -354 -52 -39 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.This statement employs rounded-off numbers. 6.For detailed data, please see the section of “Data and Statistics” at the website of the SAFE. 7.The BOP data is revised regularly; please find the latest data in “Data and Statistics”. 2023-06-30/en/2023/0630/2092.html
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As at the end of March 2023, China's banking sector recorded external financial assets of USD 1568.3 billion, external liabilities of USD 1414.4 billion, and net external assets of USD 153.9 billion, including net RMB liabilities of USD 315.5 billion and net foreign currency assets of USD 469.4 billion. Among the external financial assets of the banking sector, by instrument, deposits and loans were USD 1009.5 billion, bonds investment, USD 354.4 billion, and other assets including equity, USD 204.4 billion, accounting for 64 percent, 23 percent and 13 percent of the sector's total external financial assets respectively. By currency, RMB assets were USD 328.7 billion, USD assets were USD 923.3 billion, and other currency assets were USD 316.3 billion, accounting for 21 percent, 59 percent and 20 percent respectively. By counterpart sector, the amount invested in the overseas banking sector was USD 852.5 billion, accounting for 54 percent; the amount invested in the overseas non-banking sector was USD 715.8 billion, accounting for 46 percent. Among the external liabilities of the banking sector, by instrument, deposits and loans were USD 823.1 billion, bonds investment, USD 225.1 billion, and other liabilities including equity, USD 366.3 billion, accounting for 58 percent, 16 percent and 26 percent of the sector's total external liabilities respectively. By currency, RMB liabilities were USD 644.2 billion, USD liabilities, USD 480.7 billion, and other currency liabilities, USD 289.5 billion, accounting for 46 percent, 34 percent and 20 percent respectively. By counterpart sector, USD 558.6 billion was from overseas banking sector, accounting for 39 percent; while USD 855.8 billion was from overseas non-banking sector, accounting for 61 percent. (End) 2023-06-29/en/2023/0629/2089.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 21.58 trillion (equivalent to USD 3.09 trillion) in May 2023. In terms of markets, the transactions volume of client market was RMB 3.27 trillion (equivalent to USD 0.47 trillion), and the transactions volume of interbank market was RMB 18.31 trillion (equivalent to USD 2.62 trillion). In terms of products, the cumulative transactions volume of the spot market was RMB 8.91 trillion (equivalent to USD 1.28 trillion), and that of the derivatives market was RMB 12.66 trillion (equivalent to USD 1.81 trillion). From January to May 2023, a total of RMB 101.87 trillion (equivalent to USD 14.79 trillion) was traded inthe Chinese foreign exchange market. 2023-06-21/en/2023/0621/2086.html
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External Financial Assets and Liabilities of China's Banking Sector(As of March 31, 2023) 2023-06-29/en/2023/0629/2088.html
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According to the statistics of the State Administration of Foreign Exchange (SAFE), by the end of May 2023, China’s foreign exchange reserves registered USD 3.1765 trillion, down by USD 28.3 billion, or 0.88% from the end of April. In May 2023, influenced by factors, including expectations for the fiscal and monetary policies of major economies, global macroeconomic data, the US dollar index rose, while the prices of various global financial assets were mixed. China’s foreign exchange reserves declined this month due to the combined effects of factors like exchange rate translation, asset price changes, etc. However, China’s economy continues to pick up and sustains a sound momentum, which is conducive to the overall stability of the foreign exchange reserves. 2023-06-07/en/2023/0607/2084.html
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In the fourth quarter of 2023, China's current account registered a surplus of RMB 398.3 billion, including a surplus of RMB 1108.8 billion under trade in goods, a deficit of RMB 440.2 billion under trade in services, a deficit of RMB 301.9 billion under primary income, and a surplus of RMB 31.6 billion under secondary income. In the capital and financial accounts, reserve assets increased by RMB 87.4 billion. In 2023, China's current account registered a surplus of RMB 1861.1 billion, including a surplus of RMB 4311.5 billion under trade in goods, a deficit of RMB1629.4 billion under trade in services, a deficit of RMB 928.5 billion under primary income, and a surplus of RMB 107.4 billion under secondary income. In the capital and financial accounts, reserve assets increased by RMB 101.5 billion. In the US dollar terms, in the fourth quarter of 2023, China's current account recorded a surplus of USD 55.2 billion, including a surplus of USD 153.6 billion under trade in goods, a deficit of USD 61.0 billion under trade in services, a deficit of USD 41.8 billion under primary income, and a surplus of USD 4.4 billion under secondary income. In the capital and financial accounts, reserve assets increased by USD 12.1 billion. In the US dollar terms, in 2023, China's current account recorded a surplus of USD 264.2 billion, including a surplus of USD 608.0 billion under trade in goods, a deficit of USD 229.4 billion under trade in services, a deficit of USD 129.6 billion under primary income, and a surplus of USD 15.2 billion under secondary income. In the capital and financial accounts, reserve assets increased by USD 15.6 billion. In SDR terms, in the fourth quarter of 2023, China posted a surplus of SDR 41.7 billion under the current account, including a surplus of SDR 116.1 billion under trade in goods, a deficit of SDR 46.1 billion under trade in services. In the capital and financial accounts, reserve assets increased by SDR 9.1 billion. In SDR terms, in 2023, China posted a surplus of SDR 197.7 billion under the current account, including a surplus of SDR 455.7 billion under trade in goods, a deficit of SDR172.1 billion under trade in services. In the capital and financial accounts, reserve assets increased by SDR 12.0 billion. (End) China's Balance of Payments (Preliminary Data) Unit:RMB 100 million Item Line No. 2023 Q4 2023 1. Current account 1 3983 18611 Credit 2 71330 267945 Debit 3 -67348 -249334 1. A Goods and Services 4 6686 26821 Credit 5 67008 248279 Debit 6 -60322 -221458 1.A.a Goods 7 11088 43115 Credit 8 60895 225406 Debit 9 -49807 -182291 1.A.b Services 10 -4402 -16294 Credit 11 6113 22873 Debit 12 -10515 -39167 1.A.b.1 Processing services 13 231 853 Credit 14 253 917 Debit 15 -22 -64 1.A.b.2 Maintenance and Repair Services 16 81 291 Credit 17 203 709 Debit 18 -122 -418 1.A.b.3 Transport 19 -1606 -6089 Credit 20 1572 6163 Debit 21 -3178 -12252 1.A.b.4 Travel 22 -3629 -12804 Credit 23 425 1130 Debit 24 -4054 -13934 1.A.b.5 Construction 25 239 567 Credit 26 391 1122 Debit 27 -152 -555 1.A.b.6 Insurance and Pension Services 28 -184 -665 Credit 29 41 483 Debit 30 -224 -1148 1.A.b.7 Financial Services 31 6 45 Credit 32 73 308 Debit 33 -67 -262 1.A.b.8 Charges for the Use of Intellectual Property 34 -584 -2248 Credit 35 169 774 Debit 36 -752 -3022 1.A.b.9 Telecommunications, Computer, and Information Services 37 448 1369 Credit 38 1066 4109 Debit 39 -619 -2740 1.A.b.10 Other Business Services 40 664 2680 Credit 41 1863 6954 Debit 42 -1198 -4274 1.A.b.11 Personal, Cultural, and Recreational Services 43 -72 -187 Credit 44 28 99 Debit 45 -100 -286 1.A.b.12 Government Goods and Services n.i.e 46 2 -106 Credit 47 31 106 Debit 48 -28 -212 1.B Primary Income 49 -3019 -9285 Credit 50 3625 17009 Debit 51 -6644 -26294 1.C Secondary Income 52 316 1074 Credit 53 697 2656 Debit 54 -381 -1582 2. Capital and Financial Accounts (Including Net Errors and Omissions for the Quarter) 55 -3983 -17259 2.1 Capital Account 56 -6 -22 Credit 57 3 13 Debit 58 -9 -35 2.2. Financial Account (Including Net Errors and Omissions for the Quarter) 59 -3977 -17238 2.2.1 Financial Account (Excluding Reserve Assets, But Including Net Errors and Omissions for the Quarter) 60 -3103 -16223 Including: 2.2.1.1 Direct Investment 61 -1881 -10881 2.2.1.1.1 Assets 62 -3126 -13151 2.2.1.1.1.1 Equity and investment fund shares 63 -1913 -7853 2.2.1.1.1.2 Debt instruments 64 -1213 -5297 2.2.1.1.2 Liabilities 65 1245 2269 2.2.1.1.2.1 Equity and investment fund shares 66 1674 4357 2.2.1.1.2.2 Debt instruments 67 -429 -2088 2.2.2 Reserve Assets 68 -874 -1015 2.2.2.1 Monetary gold 69 0 -792 2.2.2.2 Special drawing rights 70 -65 -145 2.2.2.3 Reserve position in the IMF 71 -7 82 2.2.2.4 Foreign exchange reserves 72 -802 -160 2.2.2.5 Other reserves 73 0 0 3. Net Errors and Omissions 74 / -1351 Note:1. The table is compiled according to BPM6. 2."Credit" is presented as positive value while "debit" as negative value, and the balance is the sum of the "Credit" and the "Debit". All items herein refer to balances, unless marked with "Credit" or "Debit". 3.The RMB denominated BOP statement is converted from the USD denominated BOP statement for the quarter using the period average central parity rate of RMB against USD. 4.Thepreliminary amount for 2023 is the sum of the official amounts of the BOP for the first three quarters of 2023 and the preliminary amount for 2023Q4. 5.From 2023Q4, "equity and investment fund shares" and "deb tinstruments" of direct investment assets and liabilities are released in preliminary data. 6.Thistable employs rounded-off numbers. China's Balance of Payments (Preliminary Data) Unit: USD 100 million Item Line No. 2023 Q4 2023 1. Current account 1 552 2642 Credit 2 9877 37803 Debit 3 -9325 -35161 1. A Goods and Services 4 926 3786 Credit 5 9279 35027 Debit 6 -8352 -31242 1.A.a Goods 7 1536 6080 Credit 8 8432 31796 Debit 9 -6895 -25716 1.A.b Services 10 -610 -2294 Credit 11 847 3232 Debit 12 -1457 -5526 1.A.b.1 Processing services 13 32 120 Credit 14 35 129 Debit 15 -3 -9 1.A.b.2 Maintenance and Repair Services 16 11 41 Credit 17 28 100 Debit 18 -17 -59 1.A.b.3 Transport 19 -222 -859 Credit 20 218 871 Debit 21 -440 -1729 1.A.b.4 Travel 22 -503 -1806 Credit 23 59 159 Debit 24 -562 -1965 1.A.b.5 Construction 25 33 80 Credit 26 54 158 Debit 27 -21 -78 1.A.b.6 Insurance and Pension Services 28 -25 -92 Credit 29 6 69 Debit 30 -31 -162 1.A.b.7 Financial Services 31 1 6 Credit 32 10 44 Debit 33 -9 -37 1.A.b.8 Charges for the Use of Intellectual Property 34 -81 -317 Credit 35 23 110 Debit 36 -104 -427 1.A.b.9 Telecommunications, Computer, and Information Services 37 62 192 Credit 38 148 581 Debit 39 -86 -388 1.A.b.10 Other Business Services 40 92 380 Credit 41 258 983 Debit 42 -166 -603 1.A.b.11 Personal, Cultural, and Recreational Services 43 -10 -26 Credit 44 4 14 Debit 45 -14 -40 1.A.b.12 Government Goods and Services n.i.e 46 0 -15 Credit 47 4 15 Debit 48 -4 -30 1.B Primary Income 49 -418 -1296 Credit 50 502 2400 Debit 51 -920 -3696 1.C Secondary Income 52 44 152 Credit 53 97 376 Debit 54 -53 -224 2. Capital and Financial Accounts (Including Net Errors and Omissions for the Quarter) 55 -552 -2442 2.1 Capital Account 56 -1 -3 Credit 57 0 2 Debit 58 -1 -5 2.2. Financial Account (Including Net Errors and Omissions for the Quarter) 59 -551 -2439 2.2.1 Financial Account (Excluding Reserve Assets, But Including Net Errors and Omissions for the Quarter) 60 -430 -2283 Including: 2.2.1.1 Direct Investment 61 -258 -1525 2.2.1.1.1 Assets 62 -433 -1855 2.2.1.1.1.1 Equity and investment fund shares 63 -265 -1111 2.2.1.1.1.2 Debt instruments 64 -168 -744 2.2.1.1.2 Liabilities 65 175 330 2.2.1.1.2.1 Equity and investment fund shares 66 234 621 2.2.1.1.2.2 Debt instruments 67 -59 -291 2.2.2 Reserve Assets 68 -121 -156 2.2.2.1 Monetary gold 69 0 -112 2.2.2.2 Special drawing rights 70 -9 -21 2.2.2.3 Reserve position in the IMF 71 -1 12 2.2.2.4 Foreign exchange reserves 72 -111 -35 2.2.2.5 Other reserves 73 0 0 3. Net Errors and Omissions 74 / -200 Note:1. The table is compiled according to BPM6. 2."Credit" is presented as positive value while "debit" as negative value, and the balance is the sum of the "Credit" and the "Debit". All items herein refer to balances, unless marked with "Credit" or "Debit". 3. The preliminary amount for 2023 is the sum of the official amounts of the first three quarters of BOP and the preliminary amount for 2023Q4. 4.From 2023Q4, "equity and investment fund shares" and "debt instruments" of direct investment assets and liabilities are released in preliminary data. 5.Thistable employs rounded-off numbers. China's Balance of Payments (Preliminary Data) Unit:SDR 100 million Item Line No. 2023 Q4 2023 1. Current account 1 417 1977 Credit 2 7465 28345 Debit 3 -7048 -26368 1. A Goods and Services 4 700 2837 Credit 5 7013 26264 Debit 6 -6313 -23428 1.A.a Goods 7 1161 4557 Credit 8 6373 23842 Debit 9 -5212 -19285 1.A.b Services 10 -461 -1721 Credit 11 640 2422 Debit 12 -1101 -4143 1.A.b.1 Processing services 13 24 90 Credit 14 26 97 Debit 15 -2 -7 1.A.b.2 Maintenance and Repair Services 16 9 31 Credit 17 21 75 Debit 18 -13 -44 1.A.b.3 Transport 19 -168 -644 Credit 20 164 653 Debit 21 -333 -1296 1.A.b.4 Travel 22 -380 -1354 Credit 23 44 119 Debit 24 -424 -1473 1.A.b.5 Construction 25 25 60 Credit 26 41 119 Debit 27 -16 -59 1.A.b.6 Insurance and Pension Services 28 -19 -69 Credit 29 4 52 Debit 30 -23 -121 1.A.b.7 Financial Services 31 1 5 Credit 32 8 33 Debit 33 -7 -28 1.A.b.8 Charges for the Use of Intellectual Property 34 -61 -238 Credit 35 18 82 Debit 36 -79 -320 1.A.b.9 Telecommunications, Computer, and Information Services 37 47 144 Credit 38 112 435 Debit 39 -65 -291 1.A.b.10 Other Business Services 40 69 284 Credit 41 195 737 Debit 42 -125 -452 1.A.b.11 Personal, Cultural, and Recreational Services 43 -7 -20 Credit 44 3 10 Debit 45 -10 -30 1.A.b.12 Government Goods and Services n.i.e 46 0 -11 Credit 47 3 11 Debit 48 -3 -22 1.B Primary Income 49 -316 -973 Credit 50 379 1799 Debit 51 -695 -2772 1.C Secondary Income 52 33 114 Credit 53 73 282 Debit 54 -40 -168 2. Capital and Financial Accounts (Including Net Errors and Omissions for the Quarter) 55 -417 -1830 2.1 Capital Account 56 -1 -2 Credit 57 0 1 Debit 58 -1 -4 2.2. Financial Account (Including Net Errors and Omissions for the Quarter) 59 -416 -1828 2.2.1 Financial Account (Excluding Reserve Assets, But Including Net Errors and Omissions for the Quarter) 60 -325 -1708 Including: 2.2.1.1 Direct Investment 61 -196 -1145 2.2.1.1.1 Assets 62 -327 -1392 2.2.1.1.1.1 Equity and investment fund shares 63 -200 -832 2.2.1.1.1.2 Debt instruments 64 -127 -559 2.2.1.1.2 Liabilities 65 131 247 2.2.1.1.2.1 Equity and investment fund shares 66 176 466 2.2.1.1.2.2 Debt instruments 67 -45 -219 2.2.2 Reserve Assets 68 -91 -120 2.2.2.1 Monetary gold 69 0 -84 2.2.2.2 Special drawing rights 70 -7 -15 2.2.2.3 Reserve position in the IMF 71 -1 9 2.2.2.4 Foreign exchange reserves 72 -84 -30 2.2.2.5 Other reserves 73 0 0 3. Net Errors and Omissions 74 / -147 Notes:1. The table is compiled according to BPM6. 2."Credit" is presented as positive value while "debit" as negative value, and the balance is the sum of the "Credit" and the "Debit". All items herein refer to balances, unless marked with "Credit" or "Debit". 3.The SDR denominated quarterly BOP statement is converted from the USD denominated BOP statement for the quarter using the period average exchange rate of SDR against USD. 4.The preliminary amount for 2023 is the sum of the official amounts of the BOP for the first three quarters of 2023 and the preliminary amount for 2023Q4. 5.From 2023Q4, "equity and investment fund shares" and "debt instruments" of direct investment assets and liabilities are released in preliminary data. 6.Thistable employs rounded-off numbers. 2024-02-18/en/2024/0218/2175.html
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In January 2024, the export and import of China’s international trade in goods and services totalled RMB 4234.4 billion, up 23 percent over the same time last year. Of this, the export of goods recorded RMB 2022.4 billion and the import recorded RMB 1609.4 billion, resulting in a surplus of RMB 413.0 billion. The export of services recorded RMB 217.8 billion and the import recorded RMB 384.8 billion, resulting in a deficit of RMB 167.1 billion. In terms of the major items, the export and import of travel, transport, other business services, telecommunications, computer and information services registered RMB 175.4 billion, RMB 167.4 billion, RMB 109.2 billion and RMB 61.7 billion respectively. In the US dollar terms, in January 2024, the export and import of China’s international trade in goods and services were USD 315.3 billion and USD 280.6 billion respectively, with a surplus of USD 34.6 billion.(End) International Trade in Goods and Services of China January 2024 Item In 100 million of RMB In 100 million of USD Goods and services 2459 346 Credit 22402 3153 Debit -19942 -2806 1. Goods 4130 581 Credit 20224 2846 Debit -16094 -2265 2. Services -1671 -235 Credit 2178 306 Debit -3848 -542 2.1Manufacturing services on physical inputs owned by others 67 9 Credit 75 11 Debit -8 -1 2.2Maintenance and repair services n.i.e 29 4 Credit 62 9 Debit -33 -5 2.3Transport -559 -79 Credit 557 78 Debit -1116 -157 2.4Travel -1530 -215 Credit 112 16 Debit -1642 -231 2.5Construction 80 11 Credit 132 19 Debit -53 -7 2.6Insurance and pension services -59 -8 Credit 32 5 Debit -92 -13 2.7Financial services 4 1 Credit 24 3 Debit -19 -3 2.8Charges for the use of intellectual property -142 -20 Credit 74 10 Debit -216 -30 2.9Telecommunications, computer and information services 125 18 Credit 371 52 Debit -246 -35 2.10Other business services 343 48 Credit 718 101 Debit -374 -53 2.11Personal, cultural, and recreational services -17 -2 Credit 11 1 Debit -28 -4 2.12Government goods and services n.i.e -12 -2 Credit 9 1 Debit -21 -3 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: Goods and Services: refers to the trade in goods and services between residents and non-residents, which is based on the same standard as 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 the customs statistics of imports and exports, but 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. 2.1 Manufacturing 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. 2.2 Maintenance 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. 2.3 Transport: 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. 2.4 Travel: 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. 2.5 Construction 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-lifeinsurance, 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 tocommunications 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. 2024-02-29/en/2024/0229/2179.html
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Selected Transactions in the Chinese Foreign Exchange Market in 2024 (in RMB) Selected Transactions in the Chinese Foreign Exchange Market in 2024 (in USD) 2025-01-24/en/2024/0216/2178.html
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As shown in the statistics of the State Administration of Foreign Exchange (SAFE), in January 2024, the amount of foreign exchange settlement and sales by banks was RMB 1451.5 billion and RMB 1521.6 billion, respectively. In the US dollar terms, in January 2024, the amount of foreign exchange settlement and sales by banks was USD 204.3 billion and USD 214.1 billion, respectively. In January 2024, the amount of cross-border receipts and payments by non-banking sectors was RMB 4238.9 billion and RMB 4199.9 billion, respectively. In the US dollar terms, in January 2024, the amount of cross-border receipts and payments by non-banking sectors was USD 596.5 billion and USD 591.0 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 receipts and payments in cash. 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 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 the capital of non-banking sectors received from non-residents via domestic banks; the payments refer to the capital of non-banking sectors paid to non-residents via domestic banks. 2024-02-23/en/2024/0223/2176.html