China's capital flow accounting is based on the international standards and based on China's reality. In 1992, it began to compile in accordance with the State Council's "notice on the implementation of the new national economic accounting system plan" in the state and provinces, autonomous regions and municipalities directly under the central government.

China's capital flow accounting work is divided by the National Bureau of statistics and the people's Bank of China.

After several years of trial compilation and practice, China's capital flow statement has matured.

The flow of funds for 5 (institutional Department) x 31 (paction items).

Compared with the standard capital flow accounting, China's capital flow accounting has the following characteristics:

1. have

Accounting and financial paction accounting two parts.

The former has two main contents: first, it reflects the process and results of the initial distribution and redistribution of added value among various agencies; two, it reflects the use of distribution results in consumption and investment; the latter reflects the process and state of social capital coming and using among different departments.

2. the classification of paction items is basically close to the international standard.

The paction items mainly include added value, remuneration for workers, net production tax, financial revenue, total income of initial distribution, regular pfer, disposable income, final consumption expenditure, total savings, capital pfer, total capital formation, currency, deposits, loans, securities, etc.

Transfer, etc., but there are also some pactions which are set up according to China's actual conditions, such as financial loans;

3. the main classification of institutional departments is basically consistent with international standards.

They are mainly non-financial enterprises, financial institutions, governments, households and five major foreign departments.

This shows that China's capital flow accounting is basically close to international standards, thus greatly improving the international comparability of China's capital flow accounting data.

Through various efforts and support, the National Bureau of statistics and the people's Bank of China have preliminarily compiled the capital flow table for the five year of 1992--1996, which has played an important role in macroeconomic analysis.

Although China's capital flow accounting has made great progress in recent years, compared with the developed countries in the world, the gap is still obvious compared with the requirements of China's macroeconomic management: first, the classification of paction items is still relatively coarse; two, timeliness is not ideal; three, quarterly accounting has not yet been carried out.

These are the future directions of the capital flow accounting.