China’s SAFE Proposes Revisions to International Payments Statistics Rules

China's balance-of-payments data is a key gauge of cross-border capital flows, and the bank reporting channel is its main collection point. Revising those rules, even without disclosed specifics, signals that SAFE is revisiting how cross-border payment activity is captured as crypto and other new RWA-related flows blur traditional categories. The practical effect depends entirely on the unpublished details, so whether the final text tightens or simplifies reporting is the open question.