To further improve the statistics on external financial assets, liabilities and transactions, continuously enhance the comprehensiveness, timeliness and accuracy of balance of payments statistics, and better meet the needs of macro analysis and the latest international standards, the State Administration of Foreign Exchange (SAFE), in accordance with the Measures for Statistical Declaration of International Balance of Payments (Decree No. 642 of the State Council of the People's Republic of China), has revised the Statistical System for External Financial Assets, Liabilities and Transactions (Issued by SAFE Document No.36 [2021]), and formulated the revised Statistical System for External Financial Assets, Liabilities and Transactions (hereinafter referred to as the Statistical System, see Annex 1). The main revisions are as follows (see Annex 2 for the revision comparison table).

I. Clarifying Categories of Reporting Entities and Requirements for Submitted Forms

An element of "Category of Reporting Entity" is added to Form Z01 (Basic Information of Entities), including seven categories: financial institutions, comprehensive survey respondents, trade credit survey respondents, international construction survey respondents, international transportation survey respondents, cross-border employee equity incentive plan survey respondents, and others. The forms to be submitted are listed by the category of reporting entity.

II. Adding and Improving Specialized Statistics

(1) Integration of trade credit statistical surveys into the statistics on external financial assets, liabilities and transactions

Original trade credit survey respondents shall file declarations as specialized survey reporting entities. Specific arrangements are as follows:

1. Retaining the balance relationships of the original trade credit survey forms, the elements of trade receivables/prepayments and payables/advances for goods trade in Form D04 (Receivables and Prepayments) and Form D08 (Payables and Advances) are adjusted to Form E01-1 (Goods Exports and Related Trade Credit) and Form E01-2 (Goods Imports and Related Trade Credit), to be completed together with goods trade import and export data. The revised Form D04 and Form D08 shall capture receivables and payables excluding those from goods trade and interest receivable and payable.

2. Adding Form E01-3 (Survey on Commodity Categories of Goods Imports and Exports) and Form E01-4 (Survey on Average Cycle of Trade Receivables/Payables for Goods Trade) to collect information on commodity categories and payment terms, which shall only be completed by trade credit survey respondents.

(2) Improving statistical forms for international transportation surveys

The original Form E03 (Transportation Revenue Statistics) is split into four statistical forms, which collect intern