FINANCIAL STREET(SZ:000402) Xin Hua Cai Jing·2026-02-13 23:26Core Insights - The State Administration of Foreign Exchange of China released preliminary data on the international balance of payments for the fourth quarter and the entire year of 2025, indicating a current account surplus of 17137 billion yuan in Q4 2025 [1] - The capital and financial account showed a deficit of 17137 billion yuan in Q4 2025, despite a net inflow of foreign direct investment into China [1] - For the entire year of 2025, the current account surplus reached 52427 billion yuan, while the capital and financial account recorded a deficit of 54217 billion yuan [1] Summary by Categories Current Account - In Q4 2025, the current account surplus was 17137 billion yuan, comprising a goods trade surplus of 21043 billion yuan, a services trade deficit of 2845 billion yuan, a primary income deficit of 1552 billion yuan, and a secondary income surplus of 491 billion yuan [1] - The annual current account surplus for 2025 was 52427 billion yuan [1] Capital and Financial Account - The capital and financial account, including net errors and omissions for Q4 2025, showed a deficit of 17137 billion yuan [1] - For the entire year of 2025, the capital and financial account recorded a deficit of 54217 billion yuan [1] USD Valuation - In USD terms, the current account surplus for Q4 2025 was 2421 billion USD, with a goods trade surplus of 2973 billion USD and a services trade deficit of 402 billion USD [1] - The annual current account surplus in USD for 2025 was 7349 billion USD, while the capital and financial account deficit was 7602 billion USD [1] SDR Valuation - In terms of Special Drawing Rights (SDR), the current account surplus for Q4 2025 was 1776 billion SDR, with a goods trade surplus of 2181 billion SDR and a services trade deficit of 295 billion SDR [2] - The annual current account surplus in SDR for 2025 was 5437 billion SDR, with a capital and financial account deficit of 5609 billion SDR [2]