State Administration of Foreign Exchange: As of the end of June, China's full-caliber (including domestic and foreign currency) outstanding external debt stood at 170.148 trillion yuan.

On September 29, the State Administration of Foreign Exchange released China's full-caliber external debt data as of the end of June 2026. As of the end of June 2026, China's full-caliber (including domestic and foreign currency) outstanding external debt stood at 17,014.8 billion yuan (equivalent to 2,498.2 billion US dollars, excluding the external liabilities of China's Hong Kong SAR, China's Macao SAR and China's Taiwan region, the same below). In terms of maturity structure, the outstanding medium- and long-term external debt was 7,012.4 billion yuan (equivalent to 1,029.6 billion US dollars), accounting for 41%; the outstanding short-term external debt was 10,002.4 billion yuan (equivalent to 1,468.6 billion US dollars), accounting for 59%. Of the outstanding short-term external debt, trade-related credit accounted for 41%. Regarding China's external debt situation in the second quarter of 2026, Li Bin, Deputy Administrator and Spokesperson of the State Administration of Foreign Exchange, said that in the second quarter of 2026, China's external debt situation was generally stable. First, the scale of external debt rose slightly. At the end of June 2026, China's full-caliber (including domestic and foreign currency) outstanding external debt stood at 2,498.2 billion US dollars, an increase of 86.1 billion US dollars, or 4%, from the end of March 2026. This was mainly due to factors such as relatively active cross-border trade, with increases in both enterprises' trade credit and intercompany loans. Second, the currency composition of external debt improved somewhat, while the maturity structure remained basically stable. At the end of June 2026, domestic currency external debt accounted for 56%, up 1 percentage point from the end of March 2026; medium- and long-term external debt accounted for 41%, unchanged from the end of March. The original text is as follows: State Administration of Foreign Exchange releases China's full-caliber external debt data as of the end of June 2026 As of the end of June 2026, China's full-caliber (including domestic and foreign currency) outstanding external debt stood at 17,014.8 billion yuan (equivalent to 2,498.2 billion US dollars, excluding the external liabilities of China's Hong Kong SAR, China's Macao SAR and China's Taiwan region, the same below). In terms of maturity structure, the outstanding medium- and long-term external debt was 7,012.4 billion yuan (equivalent to 1,029.6 billion US dollars), accounting for 41%; the outstanding short-term external debt was 10,002.4 billion yuan (equivalent to 1,468.6 billion US dollars), accounting for 59%. Of the outstanding short-term external debt, trade-related credit accounted for 41%. In terms of institutional sectors, the outstanding external debt of the general government was 2,593.7 billion yuan (equivalent to 380.8 billion US dollars), accounting for 15%; the outstanding external debt of the central bank was 730.9 billion yuan (equivalent to 107.3 billion US dollars), accounting for 4%; the outstanding external debt of banks was 6,793.1 billion yuan (equivalent to 997.4 billion US dollars), accounting for 40%; and the outstanding external debt of other sectors (including intercompany loans) was 6,897.1 billion yuan (equivalent to 1,012.7 billion US dollars), accounting for 41%. In terms of debt instruments, the outstanding loans were 2,361.1 billion yuan (equivalent to 346.7 billion US dollars), accounting for 14%; the outstanding trade credit and advances were 3,269.9 billion yuan (equivalent to 480.1 billion US dollars), accounting for 19%; the outstanding currency and deposits were 3,604.7 billion yuan (equivalent to 529.2 billion US dollars), accounting for 21%; the outstanding debt securities were 4,556.3 billion yuan (equivalent to 669.0 billion US dollars), accounting for 27%; special drawing rights (SDR) allocations were 334.4 billion yuan (equivalent to 49.1 billion US dollars), accounting for 2%; the outstanding intercompany loans were 1,967.0 billion yuan (equivalent to 288.8 billion US dollars), accounting for 12%; and other debt liabilities were 921.4 billion yuan (equivalent to 135.3 billion US dollars), accounting for 5%. In terms of currency composition, the outstanding domestic currency external debt was 9,560.9 billion yuan (equivalent to 1,403.8 billion US dollars), accounting for 56%; the outstanding foreign currency external debt (including SDR allocations) was 7,453.9 billion yuan (equivalent to 1,094.4 billion US dollars), accounting for 44%. Of the outstanding registered foreign currency external debt, US dollar debt accounted for 76%, euro debt accounted for 9%, Hong Kong dollar debt accounted for 6%, yen debt accounted for 4%, and special drawing rights and other foreign currency external debt together accounted for 5%. Li Bin, Deputy Administrator and Spokesperson of the State Administration of Foreign Exchange, answers reporters' questions on issues related to China's external debt data as of the end of June 2026 Recently, the State Administration of Foreign Exchange released China's external debt data as of the end of June 2026. Li Bin, Deputy Administrator and Spokesperson of the State Administration of Foreign Exchange, answered reporters' questions on related issues. Question: How do you assess China's external debt situation in the second quarter of 2026? In the second quarter of 2026, China's external debt situation was generally stable. First, the scale of external debt rose slightly. At the end of June 2026, China's full-caliber (including domestic and foreign currency) outstanding external debt stood at 2,498.2 billion US dollars, an increase of 86.1 billion US dollars, or 4%, from the end of March 2026. This was mainly due to factors such as relatively active cross-border trade, with increases in both enterprises' trade credit and intercompany loans. Second, the currency composition of external debt improved somewhat, while the maturity structure remained basically stable. At the end of June 2026, domestic currency external debt accounted for 56%, up 1 percentage point from the end of March 2026; medium- and long-term external debt accounted for 41%, unchanged from the end of March. This article is compiled from the "State Administration of Foreign Exchange". Edited by GMTEight: Feng Qiuyi.