China’s Banking Sector Holds $2.14T in Overseas Financial Assets at End-June 2026

The headline number matters less than the currency split. A banking system carrying roughly $747 billion in foreign-currency net assets while running $75.4 billion in renminbi net liabilities is structurally long hard currency against its own — a position that shapes how Chinese banks intermediate cross-border flows and absorb exchange-rate moves. For offshore RWA and tokenized-dollar venues, the relevant question is whether that foreign-currency cushion keeps Chinese bank balance sheets anchored in dollar-cleared rails, or whether renminbi net liabilities keep drifting wider. That drift is the number worth tracking.