Latest News:  


China's external financial assets hit 5.17 trln USD


19:29, April 22, 2013

BEIJING, April 22 (Xinhua) -- China's external financial assets expanded 9 percent to reach 5.17 trillion U.S. dollars by the end of 2012, the State Administration of Foreign Exchange (SAFE) said Monday.

On the back of slower growth in China's increased foreign exchange reserves and overseas investment, the growth rate in external financial assets marked a 6-percentage point slowdown from the previous year, according to SAFE data.

Meanwhile, China's external liabilities rose 13 percent year on year to 3.44 trillion U.S. dollars, resulting in net external financial assets of 1.74 trillion U.S. dollars last year, up 3 percent year on year.

China's external financial assets consist of foreign exchange reserves, outbound direct investment (ODI), securities investment portfolios and other investment.

About 65 percent of China's external financial assets were in the country's 3.40 trillion U.S. dollars of foreign exchange reserves, marking the lowest proportion since 2008, according to the top foreign exchange regulator.

China's outstanding 502.8 billion U.S. dollars of ODI, 240.6 billion U.S. dollars of securities portfolio and 1.04 trillion U.S. dollars of other unspecified investments made up 10 percent, 5 percent and 20 percent, respectively, of the country's financial assets.

The SAFE said the structure of its external financial assets was optimized in 2012, with foreign exchange reserves contributing to only 30 percent of asset growth, compared with an average of 65 percent since 2004.

In terms of China's foreign financial liabilities, foreign direct investment (FDI) in China totaled 2.16 trillion U.S. dollars, securities portfolios reached 336.4 billion U.S. dollars and other unspecified investment stood at 942.6 U.S. billion dollars.

About 64 percent of new foreign financial liabilities stemmed from new FDI inflows, indicating that foreign funds remained optimistic about the prospects of China's economy, SAFE said.

Developed economies tend to keep a greater share of their external financial assets in securities and ODI, while emerging countries like the Republic of Korea, Russia and Brazil hold more than 40 percent of their external assets in foreign exchange reserves, according to SAFE data.

The foreign exchange regulator also revised the FDI outstanding for 2011 by 102.7 billion U.S. dollars to 1.91 trillion U.S. dollars.

We Recommend:

Living in mini homes in China

Stunning models at Bangkok Int'l Auto Show

Shanghai Tower, tallest skyscraper in China

Bird flu fears hit poultry industry

Bird flu takes toll on poultry industry

Int'l footwear exhibition kicks off in Shanghai

Email|Print|Comments(Editor:HuangBeibei、Liang Jun)

Related Reading

Leave your comment0 comments

  1. Name


Selections for you

  1. Rescuers, sniffer dogs to conduct rescue work

  2. Chinese soldiers clear mines, win hearts

  3. 2013 Toronto's Bridal Show

  4. International schools fight bullying

  5. 2,200 people walk 50km to aid poor kids

  6. Rescuers work hard at quake-hit area

  7. Highlight of Bahrain F1 Grand Prix

  8. Tom Cruise, "Oblivion" tops North America

  9. Gold loses sheen,
    but still a safe bet

  10. Credibility still top concern for Chinese firms

Most Popular


  1. Loan guidance is good for banks, report says
  2. IMF should act responsibly
  3. Terrorist attacks should not be regionally labeled
  4. Texas town: like whipped by powerful tornado
  5. High land premiums set to affect profits
  6. Alliance sets new stage for culture
  7. Expats reconsider living in Beijing over pollution
  8. Boston bombings underscore U.S. security concerns
  9. No winner in competitive currency devaluation
  10. Terrorism knows no boundaries

What’s happening in China

Teenager saves mom with his bare hands

  1. Students in quake-hit region to resume classes
  2. Pilot cancels wedding to participate in quake relief
  3. Baby girl born in Baoxing County after earthquake
  4. Make-shift toilets urgently needed in Lushan
  5. 2 armed police rescuers injured