China’s Net Foreign Financial Assets Exceed USD$2 Trillion

The latest official data indicates that China’s net foreign financial assets exceeded USD$2 trillion as of the end of the third quarter.

Data from the State Administration of Foreign Exchange (SAFE) indicates that as of the end of September 2019 China’s foreign financial assets were $7.4681 trillion while its foreign liabilities were $5.3119 trillion, for net overseas assets of $2.1562 trillion.

China’s foreign financial assets consisted of:

• $1.9696 trillion in directly invested assets (26% of the total);
• $584.9 billion in securities-invested assets (8%);
• $7.4 billion in financial derivatives assets (0.1%);
• $1.7019 trillion in other assets (23%);
• $3.2045 trillion in reserve assets (43%).

China’s foreign liabilities consisted of:

• $2.7773 trillion in directly invested assets (52% of the total);
• $1.2208 trillion in securities-invested assets (23%);
• $11.4 billion in financial derivatives assets (0.2%);
• $1.3025 trillion in other assets (25%);

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