Since the implementation of the statistical system of foreign financial assets, liabilities and transactions, China has met the latest statistical requirements of the International Monetary Fund's balance of payments and international investment position manual in terms of data collection, taking into account the statistical monitoring needs of cross-border capital flows. It not only lays the foundation for the next foreign-related economic theme supervision and risk monitoring, but also meets the growing demand for macroeconomic analysis and decision-making at home and abroad.
In order to further improve the statistics of foreign financial assets, liabilities and transactions, the State Administration of foreign exchange revised the statistical system of foreign financial assets, liabilities and transactions in accordance with the measures for the reporting of balance of payments statistics . The revised statistical system of foreign financial assets, liabilities and transactions shall come into force on September 1, 2022. The first declaration required by the system shall be submitted to the data of the reporting period in August 2022. Financial institutions shall complete it before September 10, 2022 and non-financial enterprises before September 15, 2022.
The main revision contents of the statistical system of foreign financial assets, liabilities and transactions include: first, add statistical statements such as overseas construction and transportation income, and improve the statistical data source of balance of payments; Second, new statistical items such as "Shanghai Luntong" and "cross-border financial link" are added to meet the needs of financial market opening and business innovation of reporting entities; Third, simplify the statistical reporting indicators of trade in goods and trade in services; Fourth, adjust and improve the index interpretation to facilitate the declaration subject to understand and fill in.
The specific amendments are as follows:
（1）Add a statistical report. Table E02 (overview of overseas construction projects, statistics of overseas construction), table E03 (Statistics of transportation income) and table G03 (income and expenditure of non residents holding domestic bank cards) were added.
（2） Add statistics business. Add "Shanghai Luntong", "depositary receipts", "bond link" and "cross-border wealth management link" businesses, involving forms B and H.
（3） Add statistical elements. First, add "the proportion of equity held by the applicant in the SPV or shell institution (%)" and "whether the overseas invested institution is a listed enterprise" in form A01; Second, add "(amount sold this month) in table B and table h, including" principal and interest amount of bonds due or cashed in advance "and" face value of bonds not due / outstanding at the end of this month "; Third, add "loan type", "whether there is a guarantor for the loan", "guarantor's country / region" and "guarantor's Department" in form D02; Fourth, add "original currency" in E01 table; Fifth, add "country / region of the issuer of investment instruments" in table H01.
（1） Adjust report content. Adjust the contents of transaction items under trade in goods and trade in services in table E01, and add primary income, secondary income and transaction code under capital account.
（2） Adjust the element name. First, modify the statements of "full name of the final controller" and "country / region of the final controller" in table a; Second, unify the element names of "amount cancelled, adjusted or reclassified to other statements and statistics" in tables B, C and H; Third, adjust the names of elements such as "Department of the issuer of investment instruments" in table H01。
（3） Other adjustments. First, adjust the names of table H01 and table H02 to make them consistent with the statistical contents of the new report; Second, the explanation of supplementary indicators, such as the explanation that the market value of bonds should be the market value of "full price"; Third, other necessary text adjustments.
Simplify the transaction items under trade in goods and trade in services in table E01. First, suspend the submission of transportation service income, overseas construction income and expenditure, and travel income and expenditure items; The second is to simplify the original five indicators of goods trade into three items: "gold import and export", "offshore resale" and "other goods trade".
According to the regulations and norms issued by safe, RIKING has developed a foreign financial assets and liabilities management system (FAL) for financial institutions. The system can assist financial institutions to register, query, receive and process relevant foreign exchange business, so as to complete the task of submitting relevant data to safe. Through ETL tools, fal system automatically extracts relevant business data directly from the banking system, and performs a series of work on the extracted data, such as supplementary recording, verification, review, message generation, automatic message sending, automatic message feedback processing, which greatly improves the work efficiency and accuracy of data submission of banking financial institutions.
Provide a variety of data extraction methods; ETL automatically distributes tasks to realize automatic data processing;
Reduce the risk of manual entry and improve the accuracy and efficiency.
You can set manual supplementary entry permission to make supplementary entry for missing data as needed.
Multiple verification audit mechanism; Message data verification;
Verification of balance of payments information relationship. (verification of the relationship between the balance of the previous period and the current period and the amount incurred)
The system is based on springboot architecture, written in advanced JavaEE language, supports many data platforms and databases, and has strong expansibility and applicability.
Different branches generate corresponding messages;
It can automatically generate messages and send messages directly / indirectly.
Automatically process feedback information, and automatically correct feedback errors when they are submitted.
At present, RIKING has provided mature and reliable regulatory compliance solutions and credit financing solutions for hundreds of financial institutions at home and abroad. In the future, RIKING will work for more partners to jointly promote the digital development of regulatory technology and improve the quality of financial services. If you have relevant business needs, you can call directly for more details. We will provide policy consultation, system development, technical support and other services according to your needs.
Tel: 400-921-0806
