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Decision of the State Council on Amending the Measures for Declaration of Balance of Payments Statistics (2013)

1. Article 2 is revised to read: “The reporting scope of balance of payments statistics includes all economic transactions between Chinese residents and non-Chinese residents, as well as the external financial assets and liabilities of Chinese residents.” 2. Article Article 7 is revised to read: “Chinese residents and non-Chinese residents who conduct economic transactions within China shall promptly, accurately and completely declare balance of payments information in accordance with regulations.” 3. Articles 9 and 10 are merged and become Article 9 , revised to: “Institutions within China that provide registration, clearing, custody and other services and dealers that conduct external securities, futures, options, etc. transactions on their own account or on behalf of clients shall report external transactions and corresponding transactions to the State Administration of Foreign Exchange or its branches. "4. Article 11 is changed to Article 10 and revised to read: "All types of financial institutions in China shall directly report their self-operated external business to the State Administration of Foreign Exchange or its branches. , including its external financial assets, liabilities and their changes, corresponding profits and interest income and expenditures, as well as external financial services income and expenditures and other income and expenditures; and perform the international balance of payments statistics with Chinese residents and non-Chinese residents through it "Obligations related to reporting activities" 5. Article 13 is changed to Article 12 and revised to: "Foreign-invested enterprises in China, enterprises with direct investment abroad and other non-financial institutions with external financial assets and liabilities. , must directly report to the State Administration of Foreign Exchange or its branches its external financial assets, liabilities and their changes, as well as the corresponding profits, dividends, interest income and expenses. "6. Add one article as Article 13: "Owning external financial assets and liabilities. Chinese resident individuals with financial assets and liabilities shall declare the relevant information on their external financial assets and liabilities in accordance with the regulations of the State Administration of Foreign Exchange." 7. Article 15 is revised to read: "The State Administration of Foreign Exchange or its branches have the right to declare. The content declared by Chinese residents and non-Chinese residents shall be inspected and verified, and the applicant and relevant institutions and individuals shall provide the information and convenience required for inspection and verification. "8. A paragraph is added to Article 16 as the second paragraph: " Banks, traders, and institutions that provide registration, settlement, custody and other services shall strictly keep confidential the specific data reported by the declarer that they know during the course of business. "9. Articles 17 and 18 are combined as Article 10. Article 7 is revised to read: “If Chinese residents or non-Chinese residents fail to declare balance of payments statistics in accordance with regulations, the State Administration of Foreign Exchange or its branches shall report the matter in accordance with Article 48 of the Regulations of the People’s Republic of China and Foreign Exchange Administration. "10. Article 19 is changed to Article 18 and revised to read: "Balance of payments statisticians who violate the provisions of Article 16 of these Measures shall be punished in accordance with the law.

“If the State Administration of Foreign Exchange or its branches, banks, traders and institutions providing registration, settlement, custody and other services violate the provisions of Article 16 of these Measures, they shall be held legally responsible in accordance with the law. "

In addition, the order of the provisions and individual words will be adjusted and modified accordingly.

This decision will come into effect on January 1, 2014.

"International The Measures for Declaring Revenue and Expenditure Statistics will be revised accordingly and re-announced in accordance with this decision.