Beijing: China’s cross-border receipts and payments by non-banking sectors reached a record high in 2024, an official from the State Administration of Foreign Exchange (SAFE) announced on Tuesday.
According to Namibia Press Agency, the non-banking sectors’ cross-border receipts and payments increased by 14.6 percent year on year, totaling 14.3 trillion U.S. dollars in 2024. Li Bin, the deputy head of SAFE, shared these figures during a press conference organized by the State Council Information Office. This significant increase reflects the growing influence and activity of China’s non-banking financial sectors on the global stage.
