BEIJING: China's banking sector had $1.53 trillion in external financial assets and $1.57 trillion in external liabilities at the end of 2021, resulting in net external liabilities of $37.9 billion, according to data from the State Administration of Foreign Exchange. Of the net liabilities, net renminbi liabilities stood at $462.5 billion while net foreign currency assets totaled $424.6 billion. Among the sector's external financial assets, renminbi assets accounted for some 15 percent of the total and dollar assets, 66 per-cent. Among external liabilities, renminbi liabilities accounted for 44 percent of the total and dollar liabilities, 36 percent.
