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SAFE’s Li Bin: By the end of March, China’s external assets were about $12 trillion, and its net external assets were over $4 trillion, ranking second globally

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On July 17, at a press conference held by the State Council Information Office, Li Bin, Deputy Director of the State Administration of Foreign Exchange, said that China has gradually formed an independent balance-of-payments framework characterized by a current account surplus and a deficit in the capital and financial accounts. Funds inflowing generated by the current account surplus are invested abroad through banks, enterprises, and others, and allocated to different regions, industries, and financial markets worldwide. Since 2026, China’s current account has remained in surplus, and in the first five months, domestic entities’ newly added overseas investment exceeded $300 billion. By the end of March 2026, China’s external assets were approximately $12 trillion, reaching a record high; its net external assets were more than $4 trillion, ranking second among economies worldwide. (First Financial)
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