CHINA Chinese banking sector's net external liabilities at 37.9 bln USD


Chinese banking sector's net external liabilities at 37.9 bln USD


20:32, March 24, 2022

Headquarters of the People's Bank of China (PBOC), the central bank, is pictured in Beijing, Sept 28, 2018. (Photo: Agencies)

BEIJING, March 24 (Xinhua) -- China's banking sector had 1.53 trillion U.S. dollars of external financial assets and 1.57 trillion dollars of external liabilities at the end of 2021, resulting in net external liabilities of 37.9 billion dollars, new data showed.

Of the net liabilities, net renminbi liabilities stood at 462.5 billion dollars, while net foreign currency assets totaled 424.6 billion dollars, the State Administration of Foreign Exchange said Thursday.

Among the sector's external financial assets, renminbi assets accounted for some 15 percent of the total, while U.S. dollar assets represented 66 percent.

Among external liabilities, renminbi liabilities accounted for 44 percent of the total, and U.S. dollar liabilities were 36 percent of the total.

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