PBOC Deputy Governor and SAFE head Zhu Hexin said at the 2026 Financial Street Forum opening that enterprises and banks are increasingly the conduit between domestic and international dual circulation. On flows, China’s balance of payments is gradually forming an autonomous balance: current-account surpluses are increasingly channelled into outbound investment and asset allocation by corporates and banks. On stocks, the share of foreign financial assets held by enterprises and banks rose from ab

PBOC Deputy Governor and SAFE head Zhu Hexin said at the 2026 Financial Street Forum opening that enterprises and banks are increasingly the conduit between domestic and international dual circulation. On flows, China’s balance of payments is gradually forming an autonomous balance: current-account surpluses are increasingly channelled into outbound investment and asset allocation by corporates and banks. On stocks, the share of foreign financial assets held by enterprises and banks rose from about 30% at end-2010 to nearly 70% at end-2025.