Net Foreign Liabilities of Chinese Banks Hit USD8.7bn in 2016


The latest data from the State of Administration of Foreign Exchange (SAFE) indicates that China’s banking sector saw its foreign financial liabilities hit USD$964.5 billion at the end of 2016.

The Chinese banking sector’s net foreign financial assets reached USD$877.6 billion, for net foreign liabilities of USD$86.9 billion.

Net RMB liabilities were USD$185.3 billion, while net foreign currency assets were USD$98.4 billion.

In terms of bank foreign financial assets, depository assets were worth $670.5 billion, accounting for 76% of the total, debt assets were $95.2 billion and comprised 11%, while equity and other assets were worth $111.9 billion for a 13% share.