Abstract

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As part of China's commitments as a member of the Committee on the Global Financial System and the G20, the State Administration of Foreign Exchange (SAFE) has been working with the BIS to compile data on the international business of banks in China for reporting the locational banking statistics (LBS).icon In March 2016 SAFE started to publish some of these data. Once the full details are available, these data will be included in the LBS published by the BIS. The future inclusion of China in the LBS-reporting population will result in a 3% increase in reporting banks' aggregate cross-border assets and a 4% increase in cross-border liabilities.