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FILE：Catalogue of Current Major Laws and Regulations in Effect on Foreign Exchange Administration (As of December 31, 2022) 2023-02-22/en/2023/0222/2067.html
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In May 2023, the export and import of China’s international trade in goods and services totalled RMB 3811.2 billion, up 1 percent over the same time last year. Of this, the export of goods recorded RMB 1840.0 billion and the import recorded RMB 1479.2 billion, resulting in a surplus of RMB 360.8 billion. The export of services recorded RMB 179.2 billion and the import recorded RMB 312.8 billion, resulting in a deficit of RMB 133.6 billion. In terms of the major items, the export and import of transport, travel, other business services, telecommunications, computer and information services registered RMB 158.3 billion, RMB 108.2 billion, RMB 88.0 billion and RMB 58.1 billion respectively. In the US dollar terms, in May 2023, the export and import of China’s international trade in goods and services were USD 288.8 billion and USD 256.3 billion respectively, with a surplus of USD 32.5 billion. (End) International Trade in Goods and Services of China May 2023 Item In 100 million of RMB In 100 million of USD Goods and services 2272 325 Credit 20192 2888 Debit -17920 -2563 1. Goods 3608 516 Credit 18400 2632 Debit -14792 -2116 2. Services -1336 -191 Credit 1792 256 Debit -3128 -447 2.1Manufacturing services on physical inputs owned by others 73 11 Credit 77 11 Debit -4 -1 2.2Maintenance and repair services n.i.e 25 4 Credit 54 8 Debit -29 -4 2.3Transport -548 -78 Credit 517 74 Debit -1065 -152 2.4Travel -921 -132 Credit 81 12 Debit -1001 -143 2.5Construction 56 8 Credit 90 13 Debit -34 -5 2.6Insurance and pension services -52 -7 Credit 3 0 Debit -55 -8 2.7Financial services -5 -1 Credit 24 3 Debit -28 -4 2.8Charges for the use of intellectual property -229 -33 Credit 63 9 Debit -292 -42 2.9Telecommunications, computerand information services 79 11 Credit 330 47 Debit -251 -36 2.10Other business services 191 27 Credit 536 77 Debit -345 -49 2.11Personal, cultural, and recreational services -11 -2 Credit 8 1 Debit -19 -3 2.12Government goods and services n.i.e 4 1 Credit 9 1 Debit -6 -1 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. 2023-06-30/en/2023/0630/2091.html
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As at the end of March 2023, China recorded RMB 17.1169 trillion in outstanding external debt denominated in both domestic and foreign currencies(equivalent to USD 2490.9 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-and long-term external debt was RMB 7498.5 billion (equivalent to USD 1091.2 billion), accounting for 44 percent; while the outstanding short-term external debt was RMB 9618.4 billion (equivalent to USD 1399.7 billion), taking up 56 percent, of which 37 percent was trade-related credit. In terms of institutional sectors, the outstanding debt of general government totaled RMB 2855.3 billion (equivalent to USD 415.5 billion), accounting for 17 percent; the outstanding debt of the central bank totaled RMB 571 billion (equivalent to USD 83.1 billion), accounting for 3 percent; the outstanding debt of banks totaled RMB 7324.6 billion (equivalent to USD 1065.9 billion), accounting for 43 percent; the outstanding debt of other sectors (including inter-company lending under direct investments) totaled RMB 6366 billion(equivalent to USD 926.4 billion), accounting for 37 percent. In terms of debt instruments, the balance of loans was RMB 2808.6 billion (equivalentto USD 408.7 billion), accounting for 16 percent; the outstanding trade credit and prepayment was RMB 2650.4 billion (equivalent to USD 385.7 billion), accounting for 15 percent; the outstanding currency and deposits was RMB 3869.4 billion (equivalent to USD 563.1 billion), accounting for 23 percent; the outstanding debt securities was RMB 4775.4 billion (equivalent to USD 694.9 billion), accounting for 28 percent; the Special Drawing Rights (SDR) allocation amounted to RMB 334.7 billion (equivalent to USD 48.7 billion), accounting for 2 percent; the balance of inter-company lending under direct investments totaled RMB 2125.4 billion (equivalent to USD 309.3 billion),accounting for 12 percent; and the balance of other debt liabilities was RMB 553 billion (equivalent to USD 80.5 billion), accounting for 3 percent. With respect to currency structures, the outstanding external debt in domestic currency totaled RMB 7649.2 billion (equivalent to USD 1113.1 billion), accounting for 45 percent; the outstanding external debt in foreign currencies (including SDR allocation) totaled RMB 9467.7 billion (equivalent to USD 1377.8 billion), accounting for 55 percent. In the outstanding registered external debt in foreign currencies, the USD debt accounted for 85 percent, the Euro debt accounted for 7 percent, the HKD debt accounted for 4 percent, the JPY debt accounted for 2 percent, the SDR and other foreign currency-denominated external debt accounted for 2 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 classification by maturity structure. There are two methods to classify the external debt by maturity structure. One is on the basis of the contractual maturity, i.e. it is classified as medium- and long-term external debt if the contractual maturity is over one year, and classified as short-term external debt if the contractual maturity is one year or less;the other is on the basis of the remaining maturity, i.e., on the basis of the contractual maturity classification method above, the medium- and long-term external debt due within one year is classified as short-term external debt. In this news release, external debt is divided into medium- and long-term external debt and short-term external debt based on the contractual maturity. Trade-related credit is a broad concept. In addition to trade credit and advances, it also involves other kinds of credit provided for trade activities. According to its definition,trade-related credit includes trade credit and advances, bank trade financing, trade related bills, and so forth. In particular, trade credit and advances refer to external liability arising from directly extending credit between the seller and buyer of goods transactions,specifically transactions between residents in the Chinese Mainland and overseas non-residents (including non-residents in Hong Kong SAR, Macao SAR,and Taiwan Province of China), i.e., the debt incurred due to the difference between the time of payment and the time of the goods ownership transfer, which include credit directly provided by the supplier (e.g., the overseas exporter)for goods and services, and prepayments made by buyers (e.g., overseas importers) for goods, services, and work that is in progress (or work to be undertaken). Bank trade financing refers to trade related loans that offered by a third party (e.g., banks) to exporters or importers, for instance, loans extended by foreign financial institutions or export credit agencies to buyers. Annexed table：China’s Gross External Debt Position by Sector, End of March 2023 End of March 2023 End of March 2023 （Unit:100 million RMB） （Unit:100 million US dollars） General Government 28553 4155 Short-term 1638 238 Currency and deposits 0 0 Debt securities 1638 238 Loans 0 0 Trade credit and advances 0 0 Other debt liabilities 0 0 Long-term 26915 3917 Special drawing rights (allocations) 0 0 Currency and deposits 0 0 Debt securities 23155 3370 Loans 3760 547 Trade credit and advances 0 0 Other debt liabilities 0 0 Central Bank 5710 831 Short-term 1936 282 Currency and deposits 1146 167 Debt securities 791 115 Loans 0 0 Trade credit and advances 0 0 Other debt liabilities 0 0 Long-term 3774 549 Special drawing rights (allocations) 3347 487 Currency and deposits 0 0 Debt securities 0 0 Loans 0 0 Trade credit and advances 0 0 Other debt liabilities 427 62 Other Depository Corporations 73246 10659 Short-term 57977 8437 Currency and deposits 37535 5462 Debt securities 4616 672 Loans 15312 2228 Trade credit and advances 0 0 Other debt liabilities 515 75 Long-term 15269 2222 Currency and deposits 0 0 Debt securities 11401 1659 Loans 3789 551 Trade credit and advances 0 0 Other debt liabilities 79 12 Other Sectors 42406 6171 Short-term 29619 4310 Currency and deposits 13 2 Debt securities 107 16 Loans 1774 258 Trade credit and advances 26040 3790 Other debt liabilities 1685 245 Long-term 12787 1861 Currency and deposits 0 0 Debt securities 6047 880 Loans 3452 502 Trade credit and advances 464 67 Other debt liabilities 2825 411 Direct Investment: Intercompany Lending 21254 3093 Debt liabilities of direct investment enterprises to direct investors 11709 1704 Debt liabilities of direct investors to direct investment enterprises 1218 177 Debt liabilities to fellow enterprises 8327 1212 Gross External Debt Position 171169 24909 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. 2023-06-30/en/2023/0625/2087.html
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As shown in the statistics of the State Administration of Foreign Exchange (SAFE), in May 2023, the amount of foreign exchange settlement and sales by banks was RMB 1393.5 billion and RMB 1370.2 billion, respectively. During January to May 2023, the accumulative amount of foreign exchange settlement and sales by banks was RMB 6416.5 billion and RMB 6461.2 billion, respectively. In the US dollar terms, in May 2023, the amount of foreign exchange settlement and sales by banks was USD 199.3 billion and USD 196.0 billion, respectively. During January to May 2023, the accumulative amount of foreign exchange settlement and sales by banks was USD 932.2 billion and USD 938.7 billion, respectively. In May 2023, the amount of cross-border receipts and payments by non-banking sectors was RMB 3689.3 billion and RMB 3676.1 billion, respectively. During January to May 2023, the accumulative amount of cross-border receipts and payments by non-banking sectors was RMB 17111.2 billion and RMB 16874.7 billion, respectively. In the US dollar terms, in May 2023, the amount of cross-border receipts and payments by non-banking sectors was USD 527.7 billion and USD 525.8 billion, respectively. During January to May 2023, the accumulative amount of cross-border receipts and payments by non-banking sectors was USD 2485.5 billion and USD 2450.8 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. 2023-06-15/en/2023/0615/2085.html
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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