The branches and foreign exchange administrative departments of the State Administration of Foreign Exchange (SAFE) in all provinces, autonomous regions, and municipalities directly under the Central Government, and the branches of the SAFE in Shenzhen, Dalian, Qingdao, Xiamen, and Ningbo,

To further improve the capabilities of declaring the balance of payments statistics, and intensify trade credit investigation, the SAFE has integrated the existing regulatory requirements on trade credit into the Trade Credit Survey System (see the Appendix) in accordance with the Statistics Law of the People's Republic of China, the Regulations of the People's Republic of China on Foreign Exchange Administration (Decree No. 532 of the State Council), and the Measures for the Declaration of Balance of Payments Statistics (Decree No. 642 of the State Council). This System is now issued to you, along with the following notification:

I. This System will come into force on August 1, 2016. The data for July 2016 shall be reported at first.

II. Further details of this System, including the reporting methods of relevant data and the system requirements, will be notified separately.

III. The Circular of the State Administration of Foreign Exchange on Printing and Distributing the Trade Credit Survey System and the Implementation Plan for Trade Credit Survey (Huifa No. 67 [2004]), the Circular of the General Affairs Department of the State Administration of Foreign Exchange on Adjustments to the Sampling Survey Report for Trade Credit and the Use of the Trade Credit Sampling Survey System for Data Submission (Huizongfa No. 12 [2009]), the Circular of the Balance of Payments Department of the State Administration of Foreign Exchange on Conducting Trade Credit Surveys At End-June 2010 (Huiguofa No. 8 [2010]), the Circular of the General Affairs Department of the State Administration of Foreign Exchange on Expanding the Scope of Regions for Trade Credit Survey and Increasing the Frequency of Survey (Huizongfa No. 28 [2011]) and the Circular of the Balance of Payments Department of the State Administration of Foreign Exchange on Start Using the New Version of Trade Credit Sampling Survey System (Huiguofa No. 17 [2012]) will be nullified simultaneously.

IV. Upon receipt of this Circular, all branches and foreign exchange administrative departments of the SAFE shall forward it to the central sub-branches, sub-branches and reporting entities within their jurisdictions, and organize education and training for the reporting entities within their respective jurisdiction.

Please report any problems encountered in the implementation to the SAFE in time. The contact number of the SAFE Balance of Payments Department is 010-68402377/ 010-68402489。

Appendix: Trade Credit Survey System

State Administration of Foreign Exchange

January 11, 2016