Current account input definition includes
Foreign exchange derived from:
* Exports and entrepot trade
* Transfer of land use rights
* Provision of transport services
* Posts and telecoms services
* Advertising
* Consulting services
* Exhibitions overseas
* Consignment sales
* Maintenance and repair services
* Transfer of land use rights
* Transfer of copyrights, trademarks, patents and goodwill
* Real estate rentals
* Premiums earned by insurance companies
* Earnings of financial institutions.
Current account payments definition includes
Foreign exchange required for:
* Imports
* Transportation and insurance payments for imports and exports
* Remittance of after-tax profits and dividends of foreign partners in joint ventures
* Overseas dividends remitted by domestic enterprises
* Remittance of expatriate salaries overseas
* Licensing and transfer of patent rights, trademarks, copyrights, computer software
* Transport services
* Foreign posts and telecommunications services.
Payments out of current accounts requiring prior SAFE verification
Foreign exchange required for:
* Advance payments on imports exceedingUS$100,000 and 15 per cent of total contractual value
* Commissions on trade exceeding five per cent of total contractual value if commission is `explicit' and two per cent if commission is 'implicit'
* Advance payments under entrepot trade
* Interest payments for external debts
* Cash withdrawals in excess of US$10,000
* Holding of exhibitions overseas
* Attending overseas training courses
* Establishment and running costs of representative office outside China
* Registration of intellectual property rights outside China
* Paymept of legal and consulting services
* Expenses for business trips outside China.
Foreign Exchange capital account proceeds
* Foreign exchange remitted to China by overseas legal persons as direct investment
* Increases in registered capital through reinvestment or capital injection ? Proceeds from overseas loans
* Proceeds from issue of bonds or shares denominated in foreign currency
* Proceeds from sale of property by entities within China to people abroad (in excess of current account ceilings).
Foreign exchange capital account payments
* Repayment of foreign exchange loan principals
* Payments for external forex guarantees
* Investment overseas
* Remittance of capital funds by FFEs after liquidation
* Transfer of holding company funds into joint ventures
* Transfer of capital funds by Chinese residents
* Loans issued overseas.
Designated foreign exchange banks
Agricultural Bank of China Bank of China
Bank of Communications
China Merchants Bank
China Minsheng Bank
CITIC Industrial Bank
Construction Bank of China Everbright Bank of China
Fujian Industrial Bank
Guangdong Development Bank Hainan Development Bank Huaxia Bank Industrial and Commercial Bank of China Investment Bank of China Shanghai Pudong Development Bank Shenzhen Development Bank Sino-foreign joint venture banks
Foreign banks and their branches in China