China's foreign financial assets hit $5trl

China's total foreign financial assets reached 5.04 trillion U.S. dollars by the end of September, data released Friday by the State Administration of Foreign Exchange (SAFE) show. The country's net foreign financial assets amounted to 1.82 trillion U.S. dollars by September, while total foreign financial liabilities stood at 3.22 trillion U.S. dollars, according to China's international investment position (IIP) published on the website of the SAFE. Meanwhile, foreign reserve assets, representing 67 percent of China's external financial assets, reached 3.37 trillion U.S. dollars, the SAFE said. Of the total foreign financial assets, outbound direct investment, portfolio investments and other investments accounted for 8 percent, 5 percent and 20 percent of the share, respectively, the statement said. As for liabilities, foreign direct investment in China surpassed 1.95 trillion U.S. dollars, or 61 percent of the country's external financial liabilities, according to the SAFE. The IIP is a financial statement showing the value and composition of a country's external financial assets and liabilities.