China's foreign financial assets hit $1.7t

BEIJING - China's net foreign financial assets had reached $1.7453 trillion by the end of June, data from the State Administration of Foreign Exchange (SAFE) showed on Friday.

The nation's total foreign financial assets came in at $5.43 trillion by the end of June, while its total foreign financial liabilities reached $3.69 trillion, according to a statement posted on the SAFE's website.

Foreign reserve assets stood at $3.56 trillion at the end of June, accounting for 66 percent of China's external financial assets, slightly up from the 65.5 percent recorded at the end of March.

Outbound direct investment, portfolio investments and other investments took up 10 percent, 4 percent and 20 percent of the share, respectively.

Of the liabilities, foreign direct investment in China amounted to $2.26 trillion, accounting for 61 percent of the country's external financial liabilities, the SAFE said.