BUSINESS Chinese banking sector's net external liabilities at 107.2 bln USD

BUSINESS

Chinese banking sector's net external liabilities at 107.2 bln USD

Xinhua

14:07, October 03, 2021

BEIJING, Oct. 3 (Xinhua) -- China's banking sector had 1.5415 trillion U.S. dollars of external financial assets, while its external liabilities stood at 1.6487 trillion U.S. dollars, resulting in net external liabilities of 107.2 billion U.S. dollars at the end of June.

File photo: VCG

In the external financial assets of the sector, deposits and loans stood at 1.1402 trillion U.S. dollars, or about 74 percent of the total, and bonds reached 210.4 billion U.S. dollars or 14 percent of the total, said the State Administration of Foreign Exchange.

In terms of currencies, RMB assets were 205.6 billion U.S. dollars, accounting for 13 percent, while U.S. dollar assets were 1.0462 trillion U.S. dollars, accounting for 68 percent.

In the external liabilities, deposit and loan liabilities were 900.4 billion U.S. dollars, accounting for 55 percent, and bond liabilities were 325.8 billion U.S. dollars, accounting for 20 percent of the external liabilities.


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