The differences between residents and non-residents include: different concepts; different included objects; different definitions in international economic exchanges; and different identities of foreign exchange holders in foreign exchange control regulations.

Specific content:

1. Different concepts.

Residents refer to people or legal persons who have been engaged in production and consumption in their own country for a long time. Citizens of other countries who meet the above conditions may also be considered residents of this country.

Non-residents refer to natural persons and legal persons other than residents.

2. The included objects are different.

Natural person residents refer to those individuals who have lived in the country for more than one year, but official diplomatic envoys, military personnel stationed abroad, etc. are all non-residents of the country where they are located.

Legal residents refer to government agencies, enterprises and non-profit groups at all levels engaged in economic activities in the country. However, international institutions, such as the United Nations, the International Monetary Fund and other organizations, are non-residents of any country.

3. Different definitions in international economic exchanges.

The main significance of this definition is to accurately and uniformly reflect the international balance of payments of each country. According to this definition, only economic transactions that occur between residents and non-residents are international economic transactions.

4. Distinguish the identities of foreign exchange holders in foreign exchange control regulations.

Generally speaking, since the foreign exchange receipts and payments of residents involve the international balance of payments of the country of residence, the foreign exchange authorities have stricter controls on them.

Since the foreign exchange receipts and payments of non-residents are not related to the international balance of payments of the country of residence, the foreign exchange authorities have looser controls on them.