Personal Overseas Financial Assets Need To Be Declared Personal Violation Of The Provisions Of The Maximum Fine Of 50 Thousand Yuan.

Chinese residents' financial assets and liabilities such as stocks, bonds, deposits, financial products and loans abroad should be declared to the State Administration of foreign exchange in the future. The decision of the State Council to amend the "Declaration method of balance of payments statistics" was promulgated on 22 May and has been implemented since January 1, 2014. The "international balance of payments statistics declaration method" added a provision: "the Chinese residents who have