SAFE Releases China's International Investment Position as at the End of 2025

As at the end of 2025, China’s external financial assets reached USD 11786.0 billion, external financial liabilities reached USD 7714.7 billion, and net external assets totaled USD 4071.3 billion.

In the external financial assets, direct investment assets amounted to USD 3578.7 billion, portfolio investment assets, USD 1987.5 billion, financial derivative assets, USD 26.1 billion, other investment assets, USD 2449.4 billion, and reserves assets, USD 3744.3 billion, accounting for 30 percent, 17 percent, 0.2 percent, 21 percent and 32 percent of external financial assets respectively.

In external liabilities, direct investment liabilities were USD 3981.9 billion, portfolio investment liabilities, USD 2350.7 billion, financial derivative liabilities, USD 24.2 billion and other investment liabilities, USD 1358.0 billion, accounting for 52 percent, 30 percent, 0.3 percent and 18 percent of the external financial liabilities respectively.

In SDR terms, China’s external financial assets and liabilities reached SDR 8606.0 billion and SDR 5633.2 billion respectively, and external net assets totaled SDR 2972.8 billion at the end of 2025.

The SAFE has revised the International Investment Position for each quarter since 2024 according to the latest data source. To further increase the data transparency, the SAFE has released breakdowns by sector and maturity as at the end of 2025. The data can be found in the section of "Data and Statistics" at the official website of the SAFE.

In addition, in order to facilitate understanding of China's Balance of Payments and International Investment Position, the BOP Analysis Team of the SAFE has released China's Balance of Payments Report 2025. (End)

Abridged International Investment Position,

End of 2025

Item	Line No.	Position in 100 million USD	Position in 100 million SDR
Net Position	1	40713	29728
Assets	2	117860	86060
1 Direct Investment	3	35787	26131
1.1 Equity and Investment Fund Shares	4	30497	22269
1.2 Debt Instruments	5	5289	3862
1.a Financial Sectors	6	4864	3551
1.1.a Equity and Investment Fund Shares	7	4635	3385
1.2.a Debt Instruments	8	228	167
1.b Non-financial Sectors	9	30923	22580
1.1.b Equity and Investment Fund Shares	10	25862	18884
1.2.b Debt Instruments	11	5061	3695
2 Portfolio Investment	12	19875	14513
2.1 Equity and Investment Fund Shares	13	12628	9221
2.2 Debt Securities	14	7247	5292
3 Financial Derivatives (other than reserves) and Employee Stock Options	15	261	191
4 Other Investment	16	24494	17885
4.1 Other Equity	17	100	73
4.2 Currency and Deposits	18	6354	4640
4.3 Loans	19	9677	7066
4.4 Insurance, Pension, and Standardized Guarantee Schemes	20	336	245
4.5 Trade Credit and Advances	21	6739	4921
4.6 Others	22	1288	941
5 Reserve Assets	23	37443	27341
5.1 Monetary Gold	24	3195	2333
5.2 Special Drawing Rights	25	558	408
5.3 Reserve Position in the IMF	26	112	82
5.4 Foreign Currency Reserves	27	33579	24519
5.5 Other Reserve Assets	28	0	0
Liabilities	29	77147	56332
1 Direct Investment	30	39819	29075
1.1 Equity and Investment Fund Shares	31	36966	26993
1.2 Debt Instruments	32	2852	2083
1.a Financial Sectors	33	2242	1637
1.1.a Equity and Investment Fund Shares	34	2014	1470
1.2.a Debt Instruments	35	228	167
1.b Non-financial Sectors	36	37577	27438
1.1.b Equity and Investment Fund Shares	37	34953	25522
1.2.b Debt Instruments	38	2624	1916
2 Portfolio Investment	39	23507	17165
2.1 Equity and Investment Fund Shares	40	16651	12158
2.2 Debt Securities	41	6856	5007
3 Financial Derivatives (other than reserves) and Employee Stock Options	42	Previous: SAFE Releases China's External Debt Data at the end of 2025 Next: SAFE Releases China's Balance of Payments for the Fourth Quarter and for the Annual of 2025 Related Articles The time-series data of China's Gross External Debt Position by Sector（since 2014Q4） 2026-04-14 The time-series data of China's Gross External Debt Position by Sector(since2014Q4) SAFE Releases Data on International Trade in Goods and Services of China in August 2025 2026-04-14 In August 2025, the export and import of China’s inte... SAFE Releases Selected Data on Transactions in the Chinese Foreign Exchange Market in September 2025 2026-04-14 According to the statistics of the State Administration... SAFE Releases China's International Investment Position as at the End of March 2025 2026-04-14 As at the end of March 2025, China’s external financi... SAFE Releases Data on External Financial Assets and Liabilities of China's Banking Sector as at the ... 2026-04-14 As at the end of 2025, China's banking sector recorded... SAFE Releases China's External Debt Data at the end of 2025 2026-04-14 As at the end of 2025, China recorded RMB 16.3689 tr... Exchange Rate Calculator Amount From CNY USD EUR GBP AUD CAD JPY HKD INR TWD MOP KRW THB SGD MYR PHP IDR VND AFN ALL AMD AZN BAM BDT BND GEL KHR LAK MMK NPR PKR LKR KZT TJS UZS MNT AED SAR QAR KWD OMR BHD IRR IQD ILS JOD YER ZAR DZD EGP ETB GHS KES MAD MUR NGN RWF SDG TND UGX TZS ZMW BIF CVE XAF XOF NZD BRL MXN CLP PEN COP ARS BOB DOP GTQ CRC CUP JMD PYG SVC TTD UYU VES CHF RUB PLN TRY BGN HRK CZK DKK HUF ISK NOK RON RSD SEK UAH BYN MDL XPF ANG FJD PGK WST TOP To CNY USD EUR GBP AUD CAD JPY HKD INR TWD MOP KRW THB SGD MYR PHP IDR VND AFN ALL AMD AZN BAM BDT BND GEL KHR LAK MMK NPR PKR LKR KZT TJS UZS MNT AED SAR QAR KWD OMR BHD IRR IQD ILS JOD YER ZAR DZD EGP ETB GHS KES MAD MUR NGN RWF SDG TND UGX TZS ZMW BIF CVE XAF XOF NZD BRL MXN CLP PEN COP ARS BOB DOP GTQ CRC CUP JMD PYG SVC TTD UYU VES CHF RUB PLN TRY BGN HRK CZK DKK HUF ISK NOK RON RSD SEK UAH BYN MDL XPF ANG FJD PGK WST TOP Calculate Exchange Rate Bank Exchange Rates Bank of China ICBC China Construction Bank Agricultural Bank of China Bank of Communications China Merchants Bank CITIC Bank China Everbright Bank Shanghai Pudong Development Bank Industrial Bank