BEIJING, 30th June, 2023 (WAM) -- External financial assets of China's banking sector reached US$1.57 trillion at the end of March, official data showed on Thursday.

China's news agency, Xinhua, reported that 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.

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.