China's foreign financial assets hit $5t

BEIJING -- China's total foreign financial assets reached $5.04 trillion by the end of September, data released Friday by the State Administration of Foreign Exchange show.

The country's net foreign financial assets amounted to $1.82 trillion by September, while total foreign financial liabilities stood at $3.22 trillion, according to China's international investment position published on the website of the SAFE.

Meanwhile, foreign reserve assets, representing 67 percent of China's external financial assets, reached $3.37 trillion, the SAFE said.

Of the total foreign financial assets, outbound direct investment, portfolio investments and other investments accounted for 8 percent, 5 percent and 20 percent of the share, respectively, the statement said.

As for liabilities, foreign direct investment in China surpassed $1.95 trillion, or 61 percent of the country's external financial liabilities, according to the SAFE.

The IIP is a financial statement showing the value and composition of a country's external financial assets and liabilities.

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