Core Insights - As of March 2025, China's foreign financial assets are projected to reach 106,978 billion USD, with foreign liabilities at 70,854 billion USD, resulting in a net foreign asset of 36,124 billion USD [1] Summary by Category Foreign Financial Assets - Direct investment assets amount to 32,765 billion USD - Securities investment assets total 15,818 billion USD - Financial derivative assets are valued at 211 billion USD - Other investment assets stand at 22,845 billion USD - Reserve assets are recorded at 35,339 billion USD [1] Foreign Liabilities - Total foreign liabilities are 70,854 billion USD [1] Net Foreign Assets - The net foreign assets are calculated to be 36,124 billion USD [1] SDR Valuation - In terms of Special Drawing Rights (SDR), foreign financial assets are valued at 80,513 billion SDR, while foreign liabilities are at 53,326 billion SDR, leading to a net foreign asset of 27,188 billion SDR [1]

Group 1 - Germany has become the largest creditor nation globally with a net foreign asset exceeding 3.6 trillion USD, surpassing Japan's 34-year dominance [1][4] - The increase in Germany's net foreign assets is attributed to a significant trade surplus and a record current account surplus of 248.7 billion EUR in 2024 [1][4] - Despite being the largest creditor, German economists express concerns about the country's poor investment performance abroad, with a nominal return rate of only 4.8% on overseas investments [2][4] Group 2 - Direct investment in Germany has declined while cross-border investments have surged, leading to a total overseas claim of 13.9 trillion EUR against domestic liabilities of 10.4 trillion EUR [5] - The rise of Germany as the largest net creditor may provoke reactions from the U.S., particularly from figures like Trump, who criticize Germany's trade surplus with the U.S. [5] - The U.S. has a net foreign debt of 26.2 trillion USD, indicating that it benefits significantly from economic globalization despite not being a creditor nation [5]

Core Viewpoint - Japan has lost its status as the world's largest net creditor nation for the first time in 34 years, overtaken by Germany, despite an increase in its net foreign assets [1]. Summary by Sections Japan's Net Foreign Assets - As of the end of 2024, Japan's net foreign asset balance is 533.05 trillion yen, reflecting a 12.9% increase from the previous year, marking a record high for six consecutive years [1]. Comparison with Germany - Germany's net foreign assets are projected to be 569.65 trillion yen by the end of 2024, surpassing Japan's for the first time in over three decades [1].

Core Viewpoint - Japan's net foreign assets reached a record high of 533 trillion 500 billion yen by the end of 2024, marking a 12.9% increase from the end of 2023, but it has been surpassed by Germany, falling to second place for the first time in 34 years [1][2]. Group 1: Net Foreign Assets - As of the end of 2024, Japan's net foreign assets amounted to 533 trillion 500 billion yen, an increase of 12.9% from the previous year, marking the sixth consecutive year of record highs [1]. - Germany has become the world's largest net creditor nation with net foreign assets of 569 trillion 6512 billion yen, surpassing Japan [2]. - China and Hong Kong follow Japan, with net foreign assets of 516 trillion 2809 billion yen and 320 trillion 2584 billion yen, respectively [2]. Group 2: Foreign Assets and Liabilities - Japan's total foreign assets reached 1659 trillion 221 billion yen, an 11.4% increase from the end of 2023, continuing a 16-year growth trend [3]. - Approximately 70% of Japan's total foreign assets are denominated in foreign currencies, which increased in yen terms by 110 trillion yen due to yen depreciation [3]. - Japan's foreign liabilities amounted to 1125 trillion 9721 billion yen, a 10.7% year-on-year increase, marking six consecutive years of growth [3].

Group 1 - Japan's overseas assets reached a historical high, but it lost its position as the world's largest net creditor nation for the first time in 34 years, with a net external asset balance of 533.05 trillion yen [1] - The Japanese government is stabilizing bond issuance despite rising long-term bond yields, which may increase debt servicing costs and pressure on expenditures [1] - The depreciation of the yen has led to an increase in both foreign assets and liabilities, with asset growth outpacing liabilities due to expanded overseas business investments [1] Group 2 - Japanese companies maintained strong foreign direct investment appetite in 2024, particularly in the US and UK, with significant funds flowing into finance, insurance, and retail sectors [3] - The shift towards direct investment over foreign bonds indicates a longer-term commitment, making it harder to quickly repatriate funds in times of risk [3] - Japan's economic minister expressed intentions to reach consensus with the US during the upcoming G7 summit, proposing conditions such as expanding agricultural imports and simplifying automotive import procedures [3] Group 3 - The Japanese government bond market experienced significant volatility, with a lack of bids leading to increased attention compared to US Treasuries [4] - Concerns over fiscal stability and reduced demand from life insurance companies have contributed to a scarcity of buyers in the Japanese bond market [4] - Investor confidence in traditional safe assets has been shaken, with ongoing market unease due to inflationary pressures and a lack of substantial macroeconomic policy responses [4]

Group 1 - Japan's net foreign assets reached 533.05 trillion yen by the end of 2024, marking a 12.9% increase from the previous year and a record high for six consecutive years [1] - Japan has fallen to the second position as the world's largest net creditor nation, overtaken by Germany, which has net foreign assets of 569.65 billion yen [1] Group 2 - Japan's GDP experienced a quarter-on-quarter decline of 0.2% and an annualized decrease of 0.7% in Q1 2025, marking the first negative growth in a year [3][4] - The decline in Japan's economy is attributed to weak consumer spending and poor export performance [4] Group 3 - Personal consumption, which accounts for over half of Japan's economy, showed nearly zero growth in Q1, primarily due to rising prices affecting consumer capacity and willingness [5] - Exports of goods and services fell by 0.6%, while imports increased by 2.9%, indicating a negative impact on economic growth from trade dynamics [6] Group 4 - The Japanese government has allocated 388 billion yen from its reserve fund to address the economic challenges posed by U.S. tariff measures, with specific allocations for energy subsidies and local government support [8]

Group 1 - Japan's net foreign assets reached 533.05 trillion yen by the end of 2024, marking a 12.9% increase from the previous year and achieving a record high for six consecutive years [1] - Japan has fallen from being the "world's largest net creditor nation" for the first time in 34 years, now ranking second behind Germany [1] - Germany's net foreign assets are projected to be 569.65 trillion yen by the end of 2024, according to the International Monetary Fund (IMF) [1]

新华财经北京3月28日电 国家外汇管理局数据显示，2024年四季度，我国经常账户顺差11719亿元，资 本和金融账户逆差13394亿元。 此外，国家外汇管理局根据最新获得的数据，修订了2023年以来各季度国际收支平衡表数据，详见国家 外汇管理局官方网站"统计数据"栏目。 为便于社会各界解读国际收支和国际投资头寸数据，国家外汇管理局国际收支分析小组同时发布《2024 年中国国际收支报告》。 2024年末，我国对外金融资产102167亿美元，对外负债69209亿美元，对外净资产32958亿美元。 在对外金融资产中，直接投资资产31329亿美元，证券投资资产14173亿美元，金融衍生工具资产242亿 美元，其他投资资产21867亿美元，储备资产34556亿美元，分别占对外金融资产的31%、14%、0.2%、 21%和34%；在对外负债中，直接投资负债36224亿美元，证券投资负债19396亿美元，金融衍生工具负 债304亿美元，其他投资负债13286亿美元，分别占对外负债的52%、28%、0.4%和19%。 按SDR计值，2024年末，我国对外金融资产78341亿SDR，对外负债53069亿SDR，对外净资产252 ...