Half as Safe as It Looks: Chinese Banks' External Debt

Category: China Financials

Published: 2026-07-03

PBOC monetary survey data puts Chinese banks' net foreign assets near $1.5 trillion. BoP-consistent SAFE data says $624 billion. The whole gap sits on the liability side, where $1.49 trillion of gross external obligations still needs watching.

Read the full Icarus Asia research note at https://icarusasia.com/research/china-banks-external-debt.

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By Icarus Asia — independent strategic advisory and market research on Asian markets.