China reports 1.75 trln USD in net foreign financial assets

China's net foreign financial assets totaled 1.75 trillion U.S. dollars as of the end of June, data from the State Administration of Foreign Exchange (SAFE) showed Tuesday. The nation's total foreign financial assets hit 4.95 trillion U.S. dollars by June, while total foreign financial liabilities reached 3.2 trillion U.S. dollars, according to a statement posted on the SAFE's website. Foreign reserve assets exceeded 3.31 trillion U.S. dollars at the end of June, accounting for 67 percent of China's external financial assets, according to the SAFE. Outbound direct investment, portfolio investments and other investments took up 8 percent, 5 percent and 20 percent of the share, respectively. Of the liabilities, foreign direct investment in China amounted to 1.9 trillion U.S. dollars, accounting for 60 percent of the country's external financial liabilities, the SAFE said.