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Chinese banking sector's net external liabilities at $37.9 bln
  ·  2022-03-25  ·   Source: Xinhua News Agency

China's banking sector had $1.53 trillion of external financial assets and $1.57 trillion of external liabilities at the end of 2021, resulting in net external liabilities of $37.9 billion, new data showed.

Of the net liabilities, net renminbi liabilities stood at $462.5 billion, while net foreign currency assets totaled $424.6 billion, the State Administration of Foreign Exchange said on March 24.

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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