Chinese banking sector's net external assets at $166.5bn in 2022

Chinese banking sector's

The value of net external assets of China's banking sector stood at US$166.5 billion by the end of 2022, after data new data released on Thursday showed that its external financial assets and external liabilities settled at US$1.519 trillion and US$1.352 trillion respectively.

Xinhua News Agency quoted the State Administration of Foreign Exchange as saying that, in terms of external financial assets, deposits and loans reached US$988.3 billion, accounting for 65 percent of the total, and bonds stood at US$330.4 billion, accounting for 22 percent of the total.

In terms of currencies, RMB assets were US$294.4 billion, accounting for 19 percent, while U.S. dollar assets stood at US$938.4 billion, accounting for 62 percent.

In the case of external liabilities, deposit and loan liabilities were US$760.6 billion, accounting for 56 percent, and bond liabilities amounted to US$230.7 billion, accounting for 17 percent of the external liabilities.