{
  "id": 164775,
  "title": "China’s foreign reserves hold steady as external earnings stay in private hands",
  "url": "https://urgent.news/2026/08/05/chinas-foreign-reserves-hold-steady-as-external-earnings-stay-in",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-05T07:00:12.000Z",
  "source": {
    "name": "SCMP Business",
    "slug": "scmp-business",
    "url": "https://www.scmp.com/business/banking-finance/article/3363021/chinas-foreign-reserves-hold-steady-external-earnings-stay-private-hands"
  },
  "original_language": "en",
  "account": null,
  "summary": "China's foreign exchange reserves remained relatively stable in 2025, despite a record US$1.18 trillion trade surplus, as the country's external earnings increasingly ended up in the hands of domestic entities rather than the central government's reserves, according to a report by the Institute of International Finance (IIF). The report indicates that China's non-reserve sector, comprising banks, companies, and investors, became a net creditor for the first time in 2025. This shift in the institutional center of surplus recycling reflects a broader change in how China utilizes its savings abroad, with private market participants gaining greater control over currency conversion and asset allocation. The surge in non-reserve external assets to over US$8 trillion underscores the growing influence of domestic players in managing China's foreign reserves.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}