External financial assets of China’s banking sector topped US$1.57 trillion at the end of March, official data showed on Thursday.

The banking sector’s external financial liabilities stood at US$1.41 trillion at the end of March, resulting in US$153.9 billion of net external assets, according to data issued by China’s State Administration of Foreign Exchange, reports China’s news agency, Xinhua, reported that

In the external financial assets, deposit and loan assets reached about US$1 trillion dollars, accounting for 64 percent of the total, and bond assets stood at US$354.4 billion dollars, accounting for 23 percent of the total.

In the external liabilities, deposit and loan liabilities were US$823.1 billion or 58 percent of the total, while equity and other liabilities were US$366.3 billion or 26 percent of the total.

Source: Bahrain News Agency