SAFE Releases Data on External Financial Assets and Liabilities of China's Banking Sector as at the End of September 2023
External Financial Assets and Liabilities of China's Banking Sector（As of September 30, 2023）
As at the end of September 2023, China's banking sector recorded external financial assets of USD 1475.0 billion, external liabilities of USD 1296.4 billion, and net external assets of USD 178.6 billion, including net RMB liabilities of USD 269.3 billion and net foreign currency assets of USD 447.9 billion.
Among the external financial assets of the banking sector, by instrument, deposits and loans were USD 927.1 billion, bonds investment, USD 336.5 billion, and other assets including equity, USD 211.4 billion, accounting for 63 percent, 23 percent and 14 percent of the sector's total external financial assets respectively. By currency, RMB assets were USD 324.6 billion, USD assets were USD 853.1 billion, and other currency assets were USD 297.3 billion, accounting for 22 percent, 58 percent and 20 percent respectively. By counterpart sector, the amount invested in the overseas banking sector was USD 757.4 billion, accounting for 51 percent; the amount invested in the overseas non-banking sector was USD 717.6 billion, accounting for 49 percent.
Among the external liabilities of the banking sector, by instrument, deposits and loans were USD 735.2 billion, bonds investment, USD 221.7 billion, and other liabilities including equity, USD 339.5 billion, accounting for 57 percent, 17 percent and 26 percent of the sector's total external liabilities respectively. By currency, RMB liabilities were USD 593.9 billion, USD liabilities, USD 434.5 billion, and other currency liabilities, USD 268.1 billion, accounting for 46 percent, 34 percent and 21 percent respectively. By counterpart sector, USD 538.2 billion was from overseas banking sector, accounting for 42 percent; while USD 758.2 billion was from overseas non-banking sector, accounting for 58 percent.
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