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In the Second quarter of 2019, inflows and outflows of inward foreign direct investments indomestic financial institutions amounted to RMB 31,563 million and RMB 21,428 million respectively, resulting in a net inflow of RMB 10,134 million.Outflows and inflows of outward foreign direct investments by domestic financial institutions amounted to RMB 33,861 million and RMB 26,352 million respectively, resulting in a net outflow of RMB 7,508 million (see table 1). In the US dollar terms, in the second quarter of 2019, inflows and outflows of inward foreign direct investments in domestic financial institutions amounted to USD 4,632 million and USD 3,145 million respectively, resulting in a net inflow of USD 1,487 million.Outflows and inflows of outward foreign direct investments by domestic financial institutions amounted to USD 4,969 million and USD 3,868 million respectively, resulting in a net outflow of USD 1,102 million (see table 2). Table1: Foreign Direct Investment Flows in Financial Sector(Quarterly) Unit:RMB 100 million Item Q2 2019 Net Flows of Inward Foreign Direct Investment in domestic financial institutions 101.34 Inflows 315.63 Outflows 214.28 Net Flows of Outward Foreign Direct Investment from domestic financial institutions -75.08 Inflows 263.52 Outflows 338.61 Notes: 1.This table employs rounded-off numbers. 2.The RMB value of quarterly flows is converted from the correspondent USD value for the quarter, the conversion rate is the quarterly average central parity rate of RMB against USD. 3.Net flow is the difference between inflow and outflow; the positive value represents net inflow, and the negative represents net outflow. Table2: Foreign Direct Investment Flows in Financial Sector(Quarterly) Unit:USD 100 million Item Q2 2019 Net Flows of Inward Foreign Direct Investment in domestic financial institutions 14.87 Inflows 46.32 Outflows 31.45 Net Flows of Outward Foreign Direct Investment from domestic financial institutions -11.02 Inflows 38.68 Outflows 49.69 Notes:1. This table employs rounded-off numbers. 2.Net flow is the difference between inflow and outflow; the positive value represents net inflow, and the negative represents net outflow. Appendix:Glossary Financialinstitutions include the headquarters,branches, and subsidiaries of institutions engaging in banking, securities, insurance, and other financial businesses which are established within the territory of China according to the law. Direct investments of financial institutions refer to equity or bond investments either by foreign investors in China’s domestic financial institutions or by China’s domestic financial institutions in overseas enterprises, which enable the investors to have voting rights of 10 percent or more in the invested enterprises. The table of Direct Investment Flows of Financial Institutions exhibits the data on equity or bond investment flows of inward and outward foreign direct investments (excluding profit reinvestments). Specifically, the inflows of inward foreign direct investment refer to the equity or bond investments made or increased by foreign investors in China’s domestic financial institutions; the outflows of inward foreign direct investment refer to the equity or bond investments decreased or withdrawn by foreign investors from China’s domestic financial institutions. The outflows of outward foreign direct investment refer to the equity or bond investments made or increased by China’s domestic financial institutions in overseas enterprises; the inflows of outward foreign direct investment refer to the equity or bond investments decreased or withdrawn by China’s domestic financial institutions from overseas enterprises. 2019-08-16/en/2019/1029/1577.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 June 2019. The SAFE spokesperson and Chief Economist Wang Chunying answered media questions on China’s recent external debt situations. Q: Could you brief us on China's external debt data for the second quarter of 2019? A: In the second quarter of 2019, China posted slight growth in external debt. As at the end of June, China's full-scale outstanding external debt denominated in both domestic and foreign currencies amounted to USD 1.998 trillion, up by USD 26.3 billion or 1.3% from the end of March, mainly due to the growth in the balance of debt securities. Overall, China's external debt structure has been optimized, strengthening the stability of external debt. Since RMB bonds issued within China were included in the Bloomberg Barclays Global Aggregate (BBGA) in April 2019, global investors have raised their recognition of China's bonds market and invested more in RMB bonds issued within China. In the second quarter, over 70% of China's full-scale external debt increments were driven by the purchases of domestic RMB bonds by non-residents, especially mid and long-term investors like central banks, facilitating continuous optimization of external debt structure. By the end of June, the ratio of mid and long-term external debt had risen by 3 percentage points quarter-on-quarter, and the ratio of external debt in RMB terms, 1 percentage point quarter-on-quarter. China's major external debt metrics were all within the internationally accepted security ranges, indicating the external debt risk is controllable on the whole. In the year to date, China's economic performance has improved while staying stable, with the economic structure constantly optimized, showing the great resilience, potential and leeway for economic growth. The balance of payments has maintained overall equilibrium, revealing risks associated with external debt are controllable. Going forward, the SAFE will continue deepening the foreign exchange administration reform and advancing financial liberalization, while guarding against the risks arising from abnormal cross-border capital flows, to ensure China's economic and financial security. 2019-09-27/en/2019/0927/1573.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 transaction of RMB 15.01 trillion (equivalent to USD 2.12 trillion) in September 2019. Specifically, the transaction volume of the bank to customer market was RMB 2.56 trillion (equivalent to USD 361.1 billion), the transaction volume of interbank marketwas RMB 12.45 trillion (equivalent to USD 1.76 trillion), the cumulative transaction volume of the spot market was RMB 6.13 trillion (equivalent to USD 865.5billion), and that of the derivatives market was RMB 8.88 trillion (equivalentto USD 1.25 trillion). From January to September 2019, a total of RMB 153.82 trillion (equivalent to USD 22.47 trillion) was traded in the Chinese foreign exchangemarket. 2019-10-25/en/2019/1025/1575.html
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In August 2022, the export and import of China’s international trade in goods and services totalled RMB 4026.5 billion, up 9 percent over the same time last year. Of this, the export of goods recorded RMB 1999.1 billion and the import recorded RMB 1526.3 billion, resulting in a surplus of RMB 472.7 billion. The export of services recorded RMB 222.7 billion and the import recorded RMB 278.5 billion, resulting in a deficit of RMB 55.8 billion. In terms of the major items, the export and import of transport, other business services, travel and telecommunications, computer and information services registered RMB 190.5 billion, RMB 81.1 billion, RMB 80.4 billion and RMB 57.1 billion respectively. In the US dollar terms, in August 2022, the export and import of China’s international trade in goods and services were USD 326.9 billion and USD 265.6 billion respectively, with a surplus of USD 61.4 billion. (End) International Trade in Goods and Services of China August 2022 Item In 100 million of RMB In 100 million of USD Goods and services 4169 614 Credit 22217 3269 Debit -18048 -2656 1. Goods 4727 696 Credit 19991 2942 Debit -15263 -2246 2. Services -558 -82 Credit 2227 328 Debit -2785 -410 2.1 Manufacturing services on physical inputs owned by others 77 11 Credit 83 12 Debit -6 -1 2.2 Maintenance and repair services n.i.e 31 5 Credit 52 8 Debit -20 -3 2.3 Transport -119 -18 Credit 893 131 Debit -1012 -149 2.4 Travel -683 -100 Credit 61 9 Debit -744 -109 2.5 Construction 39 6 Credit 88 13 Debit -49 -7 2.6 Insurance and pension services -62 -9 Credit 15 2 Debit -77 -11 2.7 Financial services 5 1 Credit 27 4 Debit -23 -3 2.8 Charges for the use of intellectual property -129 -19 Credit 136 20 Debit -265 -39 2.9 Telecommunications, computer and information services 92 14 Credit 331 49 Debit -239 -35 2.10 Other business services 239 35 Credit 525 77 Debit -286 -42 2.11 Personal, cultural, and recreational services -6 -1 Credit 7 1 Debit -13 -2 2.12 Government goods and services n.i.e -42 -6 Credit 9 1 Debit -51 -7 Notes: 1. The 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. 2022-09-30/en/2022/0930/2002.html
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In the second quarter of 2022, China's current account registered a surplus of RMB 513.3 billion, and the capital and financial accounts recorded a deficit of RMB 208.4 billion. In the first half of 2022, China's current account registered a surplus of RMB 1077.7 billion, and the capital and financial accounts recorded a deficit of RMB 774.7 billion. In SDR terms, in the second quarter of 2022, China posted a surplus of SDR 57.5 billion under the current account, and a deficit of SDR 23.5 billion under the capital and financial accounts. In SDR terms, in first half of 2022, China posted a surplus of SDR 121.3 billion under the current account, and a deficit of SDR 87.8 billion under the capital and financial accounts. In the US dollar terms, in the second quarter of 2022, China's current account recorded a surplus of USD 77.5 billion, including a surplus of USD 175.8 billion under trade in goods, a deficit of USD 19.7 billion under trade in services, a deficit of USD 84.4 billion under primary income, and a surplus of USD 5.8 billion under secondary income. The capital and financial accounts recorded a deficit of USD 32 billion, including a surplus of USD 37 million under the capital account, a deficit of USD 51 billion under the financial account (excluding reserve assets), and a decrease of USD 19 billion under reserves assets. In the US dollar terms, in the first half of 2022, China's current account recorded a surplus of USD 166.4 billion, including a surplus of USD 320.8 billion under trade in goods, a deficit of USD 36.4 billion under trade in services, a deficit of USD 129 billion under primary income, and a surplus of USD 11 billion under secondary income. The capital and financial accounts recorded a deficit of USD 121.2 billion, including a deficit of USD 211 million under the capital account, a deficit of USD 100.7 billion under the financial account (excluding reserve assets), and an increase of USD 20.4 billion under reserves assets. In addition, to facilitate understanding of China’s Balance of Payments and International Investment Position among all users, the BOP Analysis Team of SAFE released China’s Balance of Payments Report for the First Half of 2022 (in Chinese). (End) Abridged Balance of Payments of China, Second Quarter of 2022 Item Line No. RMB 100 million USD 100 million SDR 100 million 1. Current Account 1 5133 775 575 Credit 2 64683 9773 7253 Debit 3 -59549 -8998 -6678 1. A Goods and Services 4 10344 1561 1159 Credit 5 61659 9318 6914 Debit 6 -51314 -7756 -5755 1.A.a Goods 7 11651 1758 1305 Credit 8 55636 8407 6239 Debit 9 -43985 -6649 -4933 1.A.b Services 10 -1306 -197 -146 Credit 11 6022 911 676 Debit 12 -7329 -1108 -822 1.B Primary Income 13 -5595 -844 -627 Credit 14 2235 336 250 Debit 15 -7830 -1180 -877 1.C Secondary Income 16 384 58 43 Credit 17 789 119 88 Debit 18 -405 -61 -45 2. Capital and Financial Account 19 -2084 -320 -235 2.1 Capital Account 20 2 0 0 Credit 21 4 1 0 Debit 22 -2 0 0 2.2 Financial Account 23 -2087 -320 -236 Assets 24 -3188 -476 -355 Liabilities 25 1102 155 120 2.2.1 Financial Account Excluding Reserve Assets 26 -3325 -510 -376 2.2.1.1 Direct Investment 27 918 141 104 Assets 28 -2090 -317 -235 Liabilities 29 3009 459 339 2.2.1.2 Portfolio Investment 30 -5193 -788 -584 Assets 31 -2891 -437 -324 Liabilities 32 -2301 -351 -259 2.2.1.3 Financial Derivatives (other than reserves) and Employee Stock Options 33 -385 -59 -44 Assets 34 -263 -41 -30 Liabilities 35 -122 -18 -14 2.2.1.4 Other Investment 36 1334 196 148 Assets 37 818 130 94 Liabilities 38 516 66 54 2.2.2 Reserve Assets 39 1239 190 140 3. Net Errors and Omissions 40 -3049 -455 -340 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 balance is the sum of the "Credit" and the "Debit". All items herein refer to balance, unless marked with "Credit" or "Debit". 3.The RMB denominated quarterly BOP data is converted from the USD denominated BOP data, using 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, using 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 “Data and Statistics” at the website of SAFE. 7.The BOP data is revised regularly; please find the latest data in “Data and Statistics”. Abridged China’s Balance of Payments, First Half of 2022 Item Line No. RMB 100 million USD 100 million SDR 100 million 1. Current Account 1 10777 1664 1213 Credit 2 125510 19354 14128 Debit 3 -114733 -17690 -12915 1. A Goods and Services 4 18490 2844 2080 Credit 5 118903 18334 13384 Debit 6 -100413 -15491 -11304 1.A.a Goods 7 20855 3208 2346 Credit 8 106623 16438 12001 Debit 9 -85768 -13230 -9656 1.A.b Services 10 -2365 -364 -266 Credit 11 12280 1897 1383 Debit 12 -14645 -2260 -1649 1.B Primary Income 13 -8429 -1290 -947 Credit 14 4991 770 562 Debit 15 -13420 -2060 -1509 1.C Secondary Income 16 716 110 81 Credit 17 1616 249 182 Debit 18 -900 -139 -102 2. Capital and Financial Account 19 -7747 -1212 -878 2.1 Capital Account 20 -13 -2 -2 Credit 21 8 1 1 Debit 22 -21 -3 -2 2.2 Financial Account 23 -7733 -1210 -876 Assets 24 -11388 -1767 -1280 Liabilities 25 3655 557 404 2.2.1 Financial Account Excluding Reserve Assets 26 -6474 -1007 -734 2.2.1.1 Direct Investment 27 4720 740 534 Assets 28 -4758 -738 -537 Liabilities 29 9478 1478 1070 2.2.1.2 Portfolio Investment 30 -10253 -1586 -1158 Assets 31 -5499 -848 -619 Liabilities 32 -4754 -738 -539 2.2.1.3 Financial Derivatives (other than reserves) and Employee Stock Options 33 -677 -105 -77 Assets 34 -337 -52 -38 Liabilities 35 -340 -53 -38 2.2.1.4 Other Investment 36 -264 -56 -33 Assets 37 465 74 56 Liabilities 38 -729 -130 -89 2.2.2 Reserve Assets 39 -1259 -204 -142 3. Net Errors and Omissions 40 -3031 -452 -335 Notes 1.The statement is compiled according to BPM6. Reserve assets are included incapital and financial accounts. 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 balance, unless marked with "Credit" or "Debit". 3.The RMB denominated quarterly BOP data is converted from the USD denominated BOP data,using 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, using 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 “Data and Statistics” at the website of SAFE. 7.The BOP data is revised regularly; please find the latest data in “Data and Statistics”. 2022-09-29/en/2022/0929/1998.html
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As at the end of June 2022, China recorded RMB 17.691 trillion in outstanding external debt denominated in both domestic and foreign currencies (equivalent to USD 2636 billion, excluding those of Hong Kong SAR, Macao SAR, and Taiwan Province of China, the same below). In terms of maturity structure, the outstanding medium-andlong-term external debt was RMB 8091 billion (equivalent to USD1205.6 billion), accounting for 46 percent; while the outstanding short-term external debt was RMB 9600 billion (equivalent to USD 1430.4 billion), taking up 54 percent,of which 38 percent was trade-related credit. In terms of institutional sectors, the outstanding debt of general government totaled RMB 3046.5 billion (equivalent to USD 453.9 billion), accounting for 17 percent; the outstanding debt of the central bank totaled RMB 534.3 billion(equivalent to USD 79.6 billion), accounting for 3 percent; the outstanding debt of banks totaled RMB 7619.4 billion (equivalent to USD 1135.3 billion), accounting for 43 percent; the outstanding debt of other sectors (including inter-company lending under direct investments) totaled RMB 6490.8 billion (equivalent to USD 967.1 billion), accounting for 37 percent. In terms of debt instruments, the balance of loans was RMB 2828.9 billion (equivalent to USD 421.5 billion), accounting for 16 percent; the outstanding trade credit and prepayment was RMB 2592 billion (equivalent to USD 386.2 billion), accounting for 15 percent; the outstanding currency and deposits was RMB 3908.6 billion (equivalent to USD 582.4 billion), accounting for 22 percent; the outstanding debt securities was RMB 5269.1 billion (equivalent to USD 785.1 billion), accounting for 30 percent; the Special Drawing Rights (SDR) allocation amounted to RMB 322.6 billion (equivalent to USD 48.1 billion), accounting for 2 percent; the balance of inter-company lending under direct investments totaled RMB 2122.2 billion (equivalent to USD 316.2 billion), accounting for 12 percent; and the balance of other debt liabilities was RMB 647.6 billion (equivalent to USD 96.5 billion), accounting for 3 percent. With respect to currency structures, the outstanding external debt in domestic currency totaled RMB 7725.9 billion (equivalent to USD 1151.2 billion), accounting for 44 percent;the outstanding external debt in foreign currencies (including SDR allocation) totaled RMB 9965.1 billion (equivalent to USD 1484.8 billion), accounting for 56 percent. In the outstandingregistered external debt in foreign currencies, the USD debt accounted for 85 percent, the Euro debtaccounted for 7 percent, the HKD debt accounted for 4 percent, the JPY debt accounted for 1 percent, the SDR and other foreign currency-denominated external debt accounted for 3 percent. Since all major external debt indicators were within the internationally recognized thresholds, China’s external debt risk is under control. Appendix Definition of terms and interpretations External debt classificationby maturity structure. Thereare two methods to classify the external debt by maturitystructure. Oneis on the basis of the contractual maturity, i.e. it is classified asmedium- and long-term external debt if the contractualmaturity is overone year, and classified as short-term external debt if the contractualmaturity isone year or less;the other is on the basis of the remaining maturity, i.e., on the basis of thecontractual maturity classification method above, the medium- and long-termexternal debt due within one year is classified as short-term external debt. Inthis news release, external debt is divided into medium- and long-term externaldebt and short-term external debt based on the contractual maturity. Trade-relatedcredit is a broad concept. In addition to trade credit and advances, it also involvesother kinds of credit provided for trade activities. According to its definition,trade-related credit includes trade credit and advances, bank trade financing, traderelated bills, and so forth. In particular, trade credit and advances refer to external liability arising fromdirectly extending credit between the seller and buyer of goods transactions,specifically transactions between residents in the Chinese Mainland andoverseas non-residents (including non-residents in Hong Kong SAR, Macao SAR,and Taiwan Province of China), i.e., the debt incurred due to the differencebetween the time of payment and the time of the goods ownership transfer, whichincludecredit directly provided by the supplier (e.g., the overseas exporter)for goods and services, and prepayments made by buyers (e.g., overseasimporters) for goods, services, and work that is in progress (or work to beundertaken). Bank trade financing refers to trade related loans that offered by a third party (e.g., banks) toexporters or importers, for instance, loans extended by foreign financialinstitutions or export credit agencies to buyers. Annexed table：China’s Gross External Debt Position by Sector, End of June 2022 End of June 2022 End of June 2022 （Unit:100 million RMB） （Unit:100 million US dollars） General Government 30465 4539 Short-term 1136 169 Currency and deposits 0 0 Debt securities 1136 169 Loans 0 0 Trade credit and advances 0 0 Other debt liabilities 0 0 Long-term 29329 4370 Special drawing rights (allocations) 0 0 Currency and deposits 0 0 Debt securities 25614 3816 Loans 3715 554 Trade credit and advances 0 0 Other debt liabilities 0 0 Central Bank 5343 796 Short-term 1810 270 Currency and deposits 1009 150 Debt securities 801 119 Loans 0 0 Trade credit and advances 0 0 Other debt liabilities 0 0 Long-term 3533 526 Special drawing rights (allocations) 3226 481 Currency and deposits 0 0 Debt securities 0 0 Loans 0 0 Trade credit and advances 0 0 Other debt liabilities 306 46 Other Depository Corporations 76194 11353 Short-term 57746 8604 Currency and deposits 38064 5672 Debt securities 3905 582 Loans 14151 2108 Trade credit and advances 0 0 Other debt liabilities 1626 242 Long-term 18448 2749 Currency and deposits 0 0 Debt securities 14394 2145 Loans 3916 583 Trade credit and advances 0 0 Other debt liabilities 137 20 Other Sectors 43686 6509 Short-term 30037 4476 Currency and deposits 13 2 Debt securities 147 22 Loans 2659 396 Trade credit and advances 25466 3794 Other debt liabilities 1752 261 Long-term 13649 2034 Currency and deposits 0 0 Debt securities 6694 997 Loans 3848 573 Trade credit and advances 454 68 Other debt liabilities 2653 395 Direct Investment: Intercompany Lending 21222 3162 Debt liabilities of direct investment enterprises to direct investors 12038 1794 Debt liabilities of direct investors to direct investment enterprises 1272 190 Debt liabilities to fellow enterprises 7912 1179 Gross External Debt Position 176910 26360 Notes: 1. The short-term and long-term herein are broken down by contractual (original) maturity. 2. The data in this table have been rounded off. 2022-09-30/en/2022/0930/2004.html
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As at the end of June 2022, China’s external financial assets reached USD 9156.3 billion, external financial liabilities reached USD 7074.6 billion, and net external assets totaled USD 2081.6 billion. In the external financial assets, direct investment assets amounted to USD 2603.9 billion, portfolio investment assets, USD 1019.6 billion, financial derivative assets, USD 24.2 billion, other investment assets, USD 2262.0 billion, and reserves assets, USD 3246.6 billion, accounting for 28 percent, 11 percent, 0.3 percent, 25 percent and 35 percent of external financial assets respectively. In external liabilities, direct investment liabilities were USD 3587.4 billion, portfolio investment liabilities, USD 1963.3 billion, financial derivative liabilities, USD 18.1 billion and other investment liabilities, USD 1505.8 billion, accounting for 51 percent, 28 percent, 0.3 percent and 21 percent of the external financial liabilities respectively. In SDR terms, China’s external financial assets and liabilities reached SDR 6895.9 billion and SDR 5328.2 billion respectively, and external net assets totaled SDR 1567.8 billion at the end of June 2022. In addition, in order to facilitate understanding of the data of Balance of Payments and International Investment Position among all data users, the BOP Analysis Team of the SAFE released China's Balance of Payments Report for the First Half of 2022. (End) China's International Investment Position, End of June 2022 Item Line No. Position in 100 million USD Position in 100 million SDR Net Position 1 20816 15678 Assets 2 91563 68959 1 Direct Investment 3 26039 19611 1.1 Equity and Investment Fund Shares 4 22204 16722 1.2 Debt Instruments 5 3835 2888 1.a Financial Sectors 6 3777 2845 1.1.a Equity and Investment Fund Shares 7 3594 2707 1.2.a Debt Instruments 8 184 138 1.b Non-financial Sectors 9 22261 16766 1.1.b Equity and Investment Fund Shares 10 18610 14016 1.2.b Debt Instruments 11 3651 2750 2 Portfolio Investment 12 10196 7679 2.1 Equity and Investment Fund Shares 13 6468 4871 2.2 Debt Securities 14 3728 2808 3 Financial Derivatives (other than reserves) and Employee Stock Options 15 242 182 4 Other Investment 16 22620 17036 4.1 Other Equity 17 95 71 4.2 Currency and Deposits 18 5410 4074 4.3 Loans 19 9343 7036 4.4 Insurance, Pension, and Standardized Guarantee Schemes 20 271 204 4.5 Trade Credit and Advances 21 6338 4773 4.6 Others 22 1164 877 5 Reserve Assets 23 32466 24451 5.1 Monetary Gold 24 1138 857 5.2 Special Drawing Rights 25 520 391 5.3 Reserve Position in the IMF 26 100 75 5.4 Foreign Currency Reserves 27 30713 23131 5.5 Other Reserve Assets 28 -4 -3 Liabilities 29 70746 53282 1 Direct Investment 30 35874 27018 1.1 Equity and Investment Fund Shares 31 32493 24471 1.2 Debt Instruments 32 3382 2547 1.a Financial Sectors 33 2052 1546 1.1.a Equity and Investment Fund Shares 34 1792 1349 1.2.a Debt Instruments 35 261 196 1.b Non-financial Sectors 36 33822 25473 1.1.b Equity and Investment Fund Shares 37 30701 23122 1.2.b Debt Instruments 38 3121 2351 2 Portfolio Investment 39 19633 14786 2.1 Equity and Investment Fund Shares 40 12377 9322 2.2 Debt Securities 41 7256 5465 3 Financial Derivatives (other than reserves) and Employee Stock Options 42 181 136 4 Other Investment 43 15058 11341 4.1 Other Equity 44 0 0 4.2 Currency and Deposits 45 5812 4378 4.3 Loans 46 4070 3065 4.4 Insurance, Pension, and Standardized Guarantee Schemes 47 251 189 4.5 Trade Credit and Advances 48 3862 2909 4.6 Others 49 582 438 4.7 Special Drawing Rights 50 481 362 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”. 2022-09-29/en/2022/0929/2001.html
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As shown in the statistics of the State Administration of Foreign Exchange (SAFE), in August 2022, the amount of foreign exchange settlement and sales by banks was RMB 1586.4 billion and RMB 1416.2 billion, respectively. During January to August 2022, the accumulative amount of foreign exchange settlement and sales by banks was RMB 11681.4 billion and RMB 10971.9 billion, respectively. In the US dollar terms, in August 2022, the amount of foreign exchange settlement and sales by banks was USD 233.5 billion and USD 208.4 billion, respectively. During January to August 2022, the accumulative amount of foreign exchange settlement and sales by banks was USD 1782.7 billion and USD 1673.3 billion, respectively. In August 2022, the amount of cross-border receipts and payments by non-banking sectors was RMB 3818.4 billion and RMB 3741.8 billion, respectively. During January to August 2022, the accumulative amount of cross-border receipts and payments by non-banking sectors was RMB 27768.3 billion and RMB 27233.5 billion, respectively. In the US dollar terms, in August 2022, the amount of cross-border receipts and payments by non-banking sectors was USD 561.9 billion and USD 550.6 billion, respectively. During January to August 2022, the accumulative amount of cross-border receipts and payments by non-banking sectors was USD 4236.2 billion and USD 4152.7 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 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. 2022-09-15/en/2022/0915/1996.html
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The State Administration of Foreign Exchange (SAFE) has recently released data on foreign exchange settlement and sales by banks as well as cross-border receipts and payments by non-banking sectors in August 2022. The SAFE Deputy Administrator and Press Spokesperson Wang Chunying answered media questions on China’s foreign exchange receipts and payments of August 2022. Q: Could you brief us on China’s foreign exchange receipts and payments in August 2022? A: China’s foreign exchange market showed strong resilience, and foreign exchange settlement and sales by banks as well as cross-border receipts and payments by non-banking sectors both recorded a surplus. In August, the foreign exchange settlement and sales by banks registered a surplus of USD 25 billion, while the foreign-related receipts and payments by non-banking sectors, including enterprises and individuals, posted a surplus of USD 11.3 billion, both higher than the monthly average since the beginning of this year. Market expectations remained stable, and the transactions in China’s foreign exchange market were in a rational and orderly manner. Recently, against the background of the strengthening of the US dollar, non-US currencies generally depreciated, but the exchange rate of the RMB was relatively stable, and relevant indicators reflecting exchange rate expectations in the foreign exchange market were running smoothly. In August, the foreign exchange settlement rate, the measurement of customers’ desire to settle foreign exchange, or the ratio of foreign exchange sold by customers to banks to foreign exchange received by customers, reached 71%, which was 3 percentage points higher than the monthly average this year. It shows that market players maintained a rational trading mode of “settlement of foreign exchange at higher rates”, and their willingness to settle foreign exchange has been strengthened. On the other hand, the foreign exchange sales rate which measures customers’ desire to buy foreign exchange, or the ratio of foreign exchange purchased by customers from banks to foreign-related foreign exchange payments made by customers, stood at 67%, basically the same as the monthly average since the beginning of this year, and the willingness of market players to purchase foreign exchange was generally stable. The net inflow of cross-border capital under trade in goods continued to be relatively high, and the inflow of foreign capital through direct investment and other channels was steady with continuing upward trend. In August, the cross-border trade surplus in goods was USD 55.2 billion, up by 31% from July. At the meantime, the net inflow of direct investment in China increased compared with July. The situation of foreign investors’ investment in China’s bond and stock markets continued to improve, highlighting the long-term investment value of Chinese markets and RMB assets. At present, the international situation is complex and grim, and world economic growth is significantly slowing down. China has continued to implement the efficient coordinated epidemic prevention and control as well as economic and social development. Given the effects of a package of supportive policy measures to stabilize the economy, China’s economy continues to recover, and the economic fundamentals that will sustain long-term growth remain unchanged. In the meantime, the structure of China’s international balance of payments has become more robust, the market-oriented regulation mechanism has become increasingly mature, and the participants in the foreign exchange market have become more rational. Moreover, the overall capacity to cope with changes in the external environment has been further improved, which lays a solid foundation for the stable operation of China’s foreign exchange market. 2022-09-15/en/2022/0915/1997.html
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As at the end of June 2022, China's banking sector recorded external financial assets of USD 1549.5 billion, external liabilities of USD 1486.1 billion, and net external financial assets of USD 63.4 billion, including net RMB liabilities of USD 363.7 billion and net foreign currency assets of USD 427.1 billion. Among the external financial assets of the banking sector, by instrument,deposits and loans were USD 1083.3 billion, bonds investment, USD 263.9 billion, and other assets including equity, USD 202.3 billion, accounting for 70 percent, 17 percent and 13 percent of the sector's total external financial assets respectively. By currency, RMB assets were USD 257.8 billion, USD assets were USD 1004.6 billion, and other currency assets were USD 287.1 billion, accounting for 17 percent, 65 percent and 18 percent respectively. By counterpart sector, the amount invested in the overseas banking sector was USD 849.5 billion, accounting for 55 percent; the amount invested in the overseas non-banking sector was USD 700.0 billion, accounting for 45 percent. Among the external liabilities of the banking sector, by instrument, deposits and loans were USD 808.4 billion, bonds investment, USD 262.8 billion, and other liabilities including equity, USD 414.9 billion, accounting for 54 percent, 18 percent and 28 percent of the sector's total external liabilities respectively. By currency, RMB liabilities were USD 621.5 billion, USD liabilities, USD 539.2 billion, and other currency liabilities, USD 325.4 billion, accounting for 42 percent, 36 percent and 22 percent respectively. By counterpart sector, USD 559.9 billion was from overseas banking sector, accounting for 38 percent; while USD 926.2 billion was from overseas non-banking sector, accounting for 62 percent. (End) 2022-09-29/en/2022/0929/1999.html