The difference between direct declaration and indirect declaration is that direct declaration is mainly used for various financial institutions, while indirect declaration is mainly used for enterprises and individuals. The declaration subjects of international payments include China residents and non-China residents who have economic contacts in China.

Second, the analysis process

All kinds of economic exchanges between China residents and non-China residents, and the financial assets and liabilities arising therefrom, whether denominated and settled in RMB or foreign currency, must be reported in the balance of payments statistics. Among them, residents include both individuals and institutions; Non-China residents include overseas individuals and overseas institutions. Economic exchanges refer to all income and expenditure related to the economy, including the sale of goods, the provision and use of services, donations and donations, various financial investments and investments. , emphasizing the flow when the activity occurs. The resulting financial assets and liabilities refer to the creditor's rights and debts after financial investment and invested activities, emphasizing the stock situation.

3. What is the definition of reporting channel for balance of payments statistics?

The main body of the newspaper mainly reports the balance of payments statistics through two channels. First, direct declaration, that is, the applicant directly declares to the foreign exchange bureau. This is mainly applicable to all kinds of large institutions, financial and non-financial institutions, and requires timely reporting to the foreign exchange bureau on their large foreign-related goods and services, stock and bond investments, deposits, loans, financial derivatives investments and other transactions. The second is indirect declaration, that is, when handling business, the declaration information is indirectly transmitted to the foreign exchange bureau through relevant intermediaries. This is mainly applicable to small and medium-sized institutions and individuals, and it is an arrangement for the foreign exchange bureau to reduce the burden of declaration in combination with its characteristics of foreign-related economic exchanges. Relevant intermediaries include banks, insurance companies, securities and fund companies, securities registration and settlement, and fund custody institutions.