GB/T 19583-2016 in English

VALID

Classification and code for transactions of foreign-related payments

Issued on:2016-08-29
Implemented on:2017-03-01
File Format:PDF
Delivery:Via email within 5 business days

Price(USD)： $670.00
$650.00

Standard No:	GB/T 19583-2016
Document status:	VALID
Title in English:	Classification and code for transactions of foreign-related payments
Title in Chinese:	涉外收支交易分类与代码
Language:	English
File Format:	Electronic (PDF)
Delivery:	Via email within 5 business days
Issued on:	2016-08-29
Implemented on:	2017-03-01
Superseding:	GB/T 19583-2004 Classification and code for transactions of foreign-related payments
ICS Classification:	35.040-Character sets and information coding
Professional Classification:	GB-National Standard
Related Keywords:	detailed category code middle category code major category code minor category code 6-digit code storage
Related Topics:	trade Involved in drama GBT19583 GB/T 19583-2004 GBT19583-2016 Classification and classification of foreign-related receipts and payments transaction codes gb/t 19583

《GB/T 19583-2016涉外收支交易分类与代码》由TC180（全国金融标准化技术委员会）归口，主管部门为中国人民银行。

Introduction

Background of Standard Revision and Technological Evolution

This standard replaces GB/T 19583-2004 version, mainly adjusts the statistical scope according to the International Monetary Fund's Balance of Payments and International Investment Position Manual (Sixth Edition), and responds to the data collection needs of various departments. The key points of the revision are:

New transaction categories such as offshore resale and online shopping were added
Subcategories of intellectual property royalties and financial derivatives were refined under trade in services
The direct investment recognition standard was adjusted to 10% equity ratio

Analysis of the core classification system

Major categories	Number of middle categories	Typical transactions	Coding examples
1. Trade in goods	2	General trade/processing trade/non-monetary gold	121010 (General trade)
2. Trade in services	10	Transport/travel/insurance/financial services	222014 (Maritime passenger transport)
3. Primary income	3	Investment income/employee compensation	322011 (Direct investment dividends)

Coding structure technical specifications

Use 6-digit hierarchical coding method:

The first digit: major category code (1-9)
2nd-3rd digit: middle category code (21-99)
4th-5th digit: minor category code (01-99)
6th digit: detailed category code (1-9)

Example: 222011 means "2 Trade in services-22 Transport services-01 Maritime transport-1 Ocean freight involving exports"

Comparison of key updates

2004 Edition	2016 Edition	Main points of adjustment
Not separately classified	122010 Offshore resale	Added transactions in which ownership is transferred but goods are not imported or exported
Merge processing	231 subdivides into 4 categories of intellectual property fees	Distinguish between R&D results/software/audiovisual product licenses

Implementation suggestions

Declaration connection: Cross-border payment declarations should strictly correspond to the most detailed level code
System transformation: Financial IT systems need to support 6-digit code storage and verification
Training focus: Pay attention to special scenarios such as the newly added digital currency transactions (classified as 122990)
Statistical analysis: Use hierarchical coding to achieve multi-dimensional data aggregation analysis