China's cross-border trade and investment became more vibrant in 2024, said an official with the State Administration of Foreign Exchange (SAFE) on Tuesday, quoting official data.

The cross-border receipts and payments by non-banking sectors, including enterprises and individuals, increased by 14.6 percent year-on-year to $14.3 trillion last year, hitting a record high, Li Bin, deputy head of the SAFE, told a press conference held by the State Council Information Office.

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A basic equilibrium was maintained in the balance of payments, and foreign exchange reserves were stable at over $3.2 trillion, Li said, adding that the RMB exchange rate remained generally stable at a reasonable, balanced level.

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Li added that the country's external financial assets surpassed the 10-trillion-dollar mark for the first time at the end of September in 2024.