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

Net Position

1

36124

27188

Assets

2

106978

80513

1 Direct Investment

3

32765

24660

1.1 Equity and Investment Fund Shares

4

28646

21559

1.2 Debt Instruments

5

4119

3100

1.a Financial Sectors

6

4504

3390

1.1.a Equity and Investment Fund Shares

7

4165

3135

1.2.a Debt Instruments

8

339

255

1.b Non-financial Sectors

9

28261

21270

1.1.b Equity and Investment Fund Shares

10

24481

18425

1.2.b Debt Instruments

11

3780

2845

2 Portfolio Investment

12

15818

11905

2.1 Equity and Investment Fund Shares

13

9849

7413

2.2 Debt Securities

14

5969

4492

3 Financial Derivatives (other than reserves) and Employee Stock Options

15

211

159

4 Other Investment

16

22845

17194

4.1 Other Equity

17

99

75

4.2 Currency and Deposits

18

5604

4217

4.3 Loans

19

8719

6562

4.4 Insurance, Pension, and Standardized Guarantee Schemes

20

326

245

4.5 Trade Credit and Advances

21

7008

5274

4.6 Others

22

1089

820

5 Reserve Assets

23

35339

26597

5.1 Monetary Gold

24

2296

1728

5.2 Special Drawing Rights

25

539

406

5.3 Reserve Position in the IMF

26

101

76

5.4 Foreign Currency Reserves

27

32407

24390

5.5 Other Reserve Assets

28

-4

-3

Liabilities

29

70854

53326

1 Direct Investment

30

36558

27514

1.1 Equity and Investment Fund Shares

31

33936

25541

1.2 Debt Instruments

32

2621

1973

1.a Financial Sectors

33

2075

1562

1.1.a Equity and Investment Fund Shares

34

1908

1436

1.2.a Debt Instruments

35

167

126

1.b Non-financial Sectors

36

34483

25952

1.1.b Equity and Investment Fund Shares

37

32028

24105

1.2.b Debt Instruments

38

2454

1847

2 Portfolio Investment

39

20614

15514

2.1 Equity and Investment Fund Shares

40

12787

9624

2.2 Debt Securities

41

7827

5890

3 Financial Derivatives (other than reserves) and Employee Stock Options

42

287

216

4 Other Investment

43

13395

10081