[Economy]

China's external financial assets exceed 9.79 trln USD

by Shine
September 30, 2024
Share Article:

China's external financial assets topped 9.79 trillion US dollars at the end of June, official data showed on Monday.

The external financial liabilities stood at over 6.8 trillion dollars at the end of June, resulting in nearly 2.99 trillion dollars of net external assets, according to the State Administration of Foreign Exchange.

Among the external financial assets, reserves assets reached 3.45 trillion US dollars, accounting for 35 percent of the total, and direct investment assets stood at 3.02 trillion US dollars, accounting for 31 percent of the total.

In external liabilities, direct investment liabilities were nearly 3.49 trillion US dollars or 51 percent of the total, while portfolio investment liabilities were nearly 1.86 trillion US dollars or 27 percent of the total.

Share Article:

In Case You Missed It...

Shanghai Lowers Minimum Down Payment, Widens Fund Usage to Boost Property Market
FEATURED
[ECONOMY]
Shanghai Lowers Minimum Down Payment, Widens Fund Usage to Boost Property Market
@ Wang YanlinLineAug 21, 2026
China Industrial Support Turns to Equity Investment From Cash Splash
[Economy]
China Industrial Support Turns to Equity Investment From Cash Splash
Direct subsidies are giving way to government stakes in the future returns of companies and sectors.
Shanghai Reports 5.6% Growth in H1, Services Drive GDP
[Economy]
Shanghai Reports 5.6% Growth in H1, Services Drive GDP
Shanghai's economy increased by 5.6 percent in the first half of this year compared to the same period last year, surpassing the national average growth rate of 4.7 percent.
'Twin Stars' of Finance: Hong Kong, Shanghai Celebrate Closer Union
[Economy]
'Twin Stars' of Finance: Hong Kong, Shanghai Celebrate Closer Union
Stronger ties are urged between both cities in commodities trading, along with strengthened partnerships in sectors such as reinsurance and wealth management.