Core Insights - As of June 2025, China's international investment position shows a total foreign financial asset of 110,645 billion USD and total foreign liabilities of 72,555 billion USD, resulting in a net foreign asset of 38,090 billion USD [1] Summary by Category Foreign Financial Assets - Direct investment assets amount to 33,491 billion USD, accounting for 30% of total foreign financial assets - Securities investment assets total 16,942 billion USD, representing 15% of total foreign financial assets - Financial derivative assets are valued at 263 billion USD, making up 0.2% of total foreign financial assets - Other investment assets reach 23,679 billion USD, which is 21% of total foreign financial assets - Reserve assets stand at 36,271 billion USD, constituting 33% of total foreign financial assets [1] Foreign Liabilities - Direct investment liabilities are 37,174 billion USD, which is 51% of total foreign liabilities - Securities investment liabilities total 21,607 billion USD, representing 30% of total foreign liabilities - Financial derivative liabilities are at 263 billion USD, accounting for 0.4% of total foreign liabilities - Other investment liabilities amount to 13,511 billion USD, making up 19% of total foreign liabilities [1] SDR Valuation - In terms of Special Drawing Rights (SDR), China's foreign financial assets are valued at 80,528 billion SDR, while foreign liabilities are at 52,806 billion SDR, leading to a net foreign asset of 27,722 billion SDR [1]

Core Insights - As of June 30, 2025, China's external financial assets amount to 110,645 billion USD, while external liabilities total 72,555 billion USD, resulting in a net external asset of 38,090 billion USD [1] External Financial Assets - Direct investment assets constitute 33,491 billion USD, accounting for 30% of total external financial assets - Securities investment assets are valued at 16,942 billion USD, representing 15% of the total - Financial derivatives assets are 263 billion USD, making up 0.2% - Other investment assets total 23,679 billion USD, which is 21% - Reserve assets stand at 36,271 billion USD, comprising 33% of the total [1] External Financial Liabilities - Direct investment liabilities are 37,174 billion USD, which is 51% of total external liabilities - Securities investment liabilities amount to 21,607 billion USD, representing 30% - Financial derivatives liabilities are 263 billion USD, accounting for 0.4% - Other investment liabilities total 13,511 billion USD, making up 19% [1] SDR Valuation - In terms of Special Drawing Rights (SDR), China's external financial assets are valued at 80,528 billion SDR, while external liabilities are 52,806 billion SDR, leading to a net external asset of 27,722 billion SDR [1]

Core Insights - As of March 2025, China's international investment position shows a total foreign financial asset of 1,069.78 billion USD and total foreign liabilities of 708.54 billion USD, resulting in a net foreign asset of 361.24 billion USD [1] Summary by Category Foreign Financial Assets - Direct investment assets amount to 327.65 billion USD, accounting for 31% of total foreign financial assets - Securities investment assets total 158.18 billion USD, representing 15% of total foreign financial assets - Financial derivatives assets are valued at 2.11 billion USD, making up 0.2% of total foreign financial assets - Other investment assets reach 228.45 billion USD, which is 21% of total foreign financial assets - Reserve assets stand at 353.39 billion USD, constituting 33% of total foreign financial assets [1][1][1] Foreign Liabilities - Direct investment liabilities are 365.58 billion USD, representing 52% of total foreign liabilities - Securities investment liabilities total 206.14 billion USD, accounting for 29% of total foreign liabilities - Financial derivatives liabilities are at 0.287 billion USD, which is 0.4% of total foreign liabilities - Other investment liabilities amount to 133.95 billion USD, making up 19% of total foreign liabilities [1][1][1] SDR Valuation - In terms of Special Drawing Rights (SDR), China's foreign financial assets are valued at 80,513 million SDR, while foreign liabilities are at 53,326 million SDR, leading to a net foreign asset of 27,188 million SDR [1][1][1]

Core Insights - The State Administration of Foreign Exchange (SAFE) reported a current account surplus of $423.9 billion for 2024, with a goods trade surplus of $768 billion and a services trade deficit of $229 billion [1][3] - The capital and financial account recorded a deficit of $4.34 trillion, indicating active foreign direct investment and securities investment by domestic entities [1][3] - By the end of 2024, China's foreign financial assets exceeded $10 trillion, with foreign liabilities nearing $7 trillion, reflecting a net foreign asset position of $3.3 trillion [1][3] Group 1: Current Account and Trade - In Q4 2024, the current account surplus was $163.8 billion, driven by a goods trade surplus of $249.8 billion and a services trade deficit of $47.4 billion [1] - The overall current account surplus for 2024 was $423.9 billion, which is 2.2% of GDP, indicating a stable economic position [3] Group 2: Capital and Financial Accounts - The capital and financial account showed a deficit of $4.34 trillion for 2024, with a capital account surplus of $0.5 billion and a financial account deficit of $4.34 trillion [1][3] - Foreign direct investment capital increased by $90.9 billion, and net inflows from bond investments reached $46.8 billion [3] Group 3: Foreign Investment and Assets - By the end of 2024, China's foreign financial assets totaled $10.2167 trillion, with direct investment assets at $3.1329 trillion and reserve assets at $3.4556 trillion [2] - Foreign liabilities included $3.6224 trillion in direct investment liabilities, indicating a significant level of foreign investment in China [2] Group 4: Outlook for 2025 - The external environment is expected to become more complex, with increased risks from unilateralism and geopolitical tensions [4] - China aims to enhance domestic demand and maintain a stable international balance of payments through proactive macroeconomic policies [4]