China Financial Holdings' exposure to the United States broke through the 8 trillion mark for the first time to a new high, accounting for 33.5% of the overall overseas exposure ratio.

(Photo by reporter Jin Changling)

Reporter Wang Menglun / special report

Comparison of the latest situation of overseas exposure of my country's financial holding groups

This year, the global financial market has been dominated by negative impacts such as inflation, interest rate hikes, geopolitics, and China's zero-free lockdown.

However, according to statistics, our financial holding group is still actively deploying the international market. At the end of the third quarter of this year, the amount of overseas exposure was 25.44 trillion yuan, with an annual growth rate of 16.7%, the highest record since this statistics.

In addition, exposure to the United States broke through the 8 trillion mark for the first time to a new high, but China's recession fell to 2.23 trillion, accounting for only 8.8%, which is a record low.

Financial Holdings' overseas exposure statistics cover a wide range

The "Domestic and Overseas Exposure Statistics of Domestic Financial Holding Groups" has been released on a regular basis since the second quarter of 2015.

The so-called "exposure" refers to the three major business items of "lending", "investment" and "interbank deposits".

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Compared with the other "Statistics of domestic banks' exposure to China" which only focuses on the banking industry and China, this survey focuses on financial holdings, covering subsidiaries of financial holdings, including: banks, insurance, securities and leasing companies etc., and for all overseas countries, it is possible to examine in depth the overseas exposure of China's financial industry.

As of the end of September this year, there were 16 my country's financial holding groups including unlisted counters.

First of all, looking at the overall figures, our financial holdings’ overseas exposure has not been reduced by the turmoil in the international economy and financial situation. At the end of the third quarter of this year, the amount of overseas exposure was 25.44 trillion yuan, which was a sharp increase of 3.64 trillion yuan compared with the same period last year. , with an annual growth rate of 16.7%, which is also the highest record in the history of this statistic.

Among the three major overseas exposure projects, "net investment" was 19.45 trillion yuan, an annual increase of 14.8%; "net lending" was 4.01 trillion yuan, an annual increase of 16.0%; "interbank lending" was 1.98 trillion yuan, an annual increase 41.7%.

The amount and proportion of exposure to the United States hit a new high

Secondly, from the perspective of individual country exposure, the top ten countries or regions are ranked in order of exposure: the United States, China, the United Kingdom, France, Hong Kong, South Korea, Australia, Japan, Canada, and the United Arab Emirates.

Taking a closer look at the top two exposure countries, the United States is still the number one position. The amount of exposure at the end of the third quarter broke through the 8 trillion mark for the first time, reaching 8.51 trillion yuan, an annual increase of 21.4%, and accounting for the overall overseas exposure The ratio reached 33.5%, and both the amount and proportion were the highest.

As for the second largest financial holdings exposure is China, the amount has dropped to 2.23 trillion yuan, a year-on-year decrease of 10.9% compared with the same period last year, accounting for only 8.8% of the overall overseas exposure, and the proportion of exposure to China hit a new low record since statistics .

Exposure to China shrank sharply to 8.8%

Statistics also show that since the second quarter of 2015, the amount of exposure to the United States has been higher than that of China, but at first it was only nearly 40 billion yuan ahead. Later, the gap between the two sides continued to widen. 3.8 times that of China.

"One side is hot, and the other is cold." The director of the privately-owned National Bank said that China's financial industry is currently facing the two major powers of the United States and China, showing two different directions. The future trend of the interaction with these two countries should be the same.

FSC officials pointed out that my country’s exposure structure to the US and China is very different. The US mainly invests in stocks or bonds, that is, net investment projects, which account for about 75% to 85% of my exposure to the US. After all, the U.S. is the world’s main securities market, and overseas investment from various countries also takes the U.S. as the main target; as for my exposure to China, it is mainly based on credit lending, which is the net lending part.

Therefore, once there are troubles in the local area, the central exposure area will naturally shrink.

However, in view of the record high overseas exposure of financial holdings, officials of the Financial Supervisory Commission stated that whether it is overseas investment or credit extension, there are certain risks. post-management; in particular, as the parent company in Taiwan, it must also do a good job in control and supervision, and actively conduct checks.

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