State Administration of Foreign Exchange: The scale of my country's foreign debt will remain generally stable

　　Chinanews.com, December 30. According to the official website of the State Administration of Foreign Exchange, Wang Chunying, deputy director and spokesperson of the State Administration of Foreign Exchange, answered questions from reporters on the 30th when answering questions about foreign debt data at the end of September

.

　　Wang Chunying said that as of the end of September 2022, my country's full-scale (including domestic and foreign currency) external debt balance was US$2,481.5 billion, a decrease of US$154.5 billion, or 6%, from the end of June 2022, of which the exchange rate conversion factor contributed about 41%.

From the perspective of currency structure, local currency foreign debt accounted for 44%, basically the same as at the end of June 2022; from the perspective of term structure, medium and long-term foreign debt accounted for 45%, a decrease of 1 percentage point from the end of June 2022.

　　In response to the reporter's question "How to view the current situation of my country's foreign debt", Wang Chunying pointed out that the decline in my country's foreign debt scale is affected by multiple factors in the international and domestic situations.

Since the second quarter, under the influence of multiple factors such as the Fed's interest rate hike, high global inflation, and the epidemic, my country's external debt has declined.

Among them, the exchange rate conversion factor caused the external debt balance to decrease by US$63 billion, and the external debt balance of loans, currency and deposits, debt securities, trade credit and advance payments, and other debt liabilities decreased by US$91.5 billion after deducting the impact of exchange rate factors.

　　Wang Chunying said that

.

Although the external environment is turbulent and the impact on my country's economy has deepened, my country's economy has strong resilience, great potential, and sufficient vitality.

At the same time, the continuous optimization of cross-border financing policies will better meet the financing needs of market players.

In October 2022, the State Administration of Foreign Exchange and the People's Bank of China raised the macro-prudential parameters for cross-border financing, further expanding the borrowing space of domestic institutions; The market is attractive to foreign institutional investors.

In the next step, the SAFE will continue to promote the facilitation of cross-border investment and financing to serve the high-quality development of the real economy.

(China New Finance and Economics)

search

copy