According to the adjustments made by the IMF to the classification of the balance of payments in the "Balance of Payments Manual" (5th Edition), the balance of payments includes two major items: the current account and the capital and financial account. .

The current account mainly reflects the transfer of actual resources between one country and other countries, involving economic value and all transactions between residents and non-residents. In addition, it also includes current transactions provided or received without receiving anything in return. Economic value is the most important item in the balance of payments.

The current account includes four items: goods (trade), services (intangible trade), income and unilateral transfers (current transfers). A current account surplus indicates that the country is a net lender.

Response time: 2022-01-04. For the latest business changes, please refer to the official website of Ping An Bank.