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

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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.

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