AI Data Insight
In Q4 2025, the change in Special Drawing Rights (SDR) assets in China's financial account dropped to 0.0 hundred million RMB, significantly narrowing and completely zeroing out compared to the 65.03 hundred million RMB in the same period of the previous year. Although external preliminary data shows discrepancies, the given baseline of 0.0 hundred million is still used as the final basis, reflecting that the authorities did not add any net SDR positions during the quarter. The overall balance of payments continued the hedging pattern of "current account surplus, financial account deficit," highlighting the PBOC's foreign exchange management and policy resolve for maintaining stability.