China revises the system of indirect declaration and verification of balance of payments statistics

"Caijing comprehensive report" In order to further guide and standardize the foreign Exchange Bureau at all levels to carry out the audit of the balance of payments statistics, the State Administration of foreign exchange issued a new revised "balance of Payments Statistics Indirect Declaration Verification System" (hereinafter referred to as the "verification system"), and officially implemented on February 1, 2011. According to the information disclosed by the website of the Foreign Exchange Bureau, the revision of the verification system is mainly embodied in the following aspects: first, according to the current balance of payments statistics indirect reporting system and its application system functions, the 2003 edition of the verification system has been revised and improved, and abolished the old version of the verification system The second is to integrate the major transactions and key transaction projects into the verification system, merging the relevant provisions of the key verification work of the original large transactions, and abolishing the key verification system of the original large transactions; Thirdly, adjust the related quantitative index of verification work according to the actual situation. Four is the process of standardizing on-site verification and key verification work　　The five is to clear all levels of the foreign Exchange Bureau of the International Revenue and expenditure departments of violations of international payments statistics reporting requirements of the handling measures and the transfer of cases to the foreign Exchange Inspection Department operating procedures. The foreign Exchange bureau said the newly revised verification system will make verification more accurately reflect the relevant situation of the current balance of Payments Declaration statistics and its supporting systems, further improve the verification standard of the declaration data, clarify the operation procedure of the verification work, help standardize the administration of the balance of payments statistics, improve the working efficiency and declare the data quality.