| This paper empirically examines the influence of statistics regulations on financial services trade,compares the international standards of financial services trade statistics,then draws lessons from the practical experience of developed countries in financial services trade,and puts forward constructive suggestions for China to construct and improve the statistics regulations of financial services trade.Firstly,according to Porter’s "Diamond Model" of International Competitive Advantage Theory,this paper takes 38-year data of seven countries that have established financial services trade statistical system according to international standards as samples,carries out regression analysis using fixed-effect model,and proves that the establishment of statistical system has significant positive effect on the development of national financial services trade.This provides theoretical support for China to construct and improve the statistics regulations of financial services trade.Subsequently,this paper gives a thorough interpretation of the international standards of financial services trade statistics.Firstly,the differences in form and content between BOP statistics,FATS statistics and natural person mobile statistics are emphatically analyzed.It is clear that the concepts of residents and non-residents are the reasons why a single statistical method cannot cover all modes of service trade supply.Secondly,this paper introduces the statistical contents of insurance services and non-insurance financial services under various statistical methods,and points out that the calculation of service costs is different from the value of service trade contracts.All kinds of insurance services and non-insurance financial services have their designated calculation methods of service costs.Thirdly,this paper analyses the development of statistics in developed financial services trade countries,then compares the historical process and current situation of China’s financial services trade statistics,and finds that the statistical work of developed financial services trade countries has the following characteristics which are worth learning.Firstly,laws are established in order to standardize trade in services statistical work;secondly,BOP and FATS dual-track financial services trade statistics method has been applied,and natural person mobile statistics method either has been used or is in the process of being established;thirdly,as statistical work being carried out using stratified sampling method by statistical departments,workload has been largely reduced,meanwhile the quality of statistical data is guaranteed;fourthly,not only the value financial service contract is counted,but also the service rate and interest margin are counted in order to calculate the real service cost.Finally,this paper examines the current situation of China’s local financial services statistics.The study found that although China has established a high financial services trade statistics standard in accordance with international standards,there are still some problems.For example,statistical work cannot be refined into the financial industry,cannot be implemented to the county level,and cannot improve the enthusiasm of enterprises’ participation.The root of these problems lies in the unclear understanding of the benefits and costs of statistical work by the statisticians and participants.This paper puts forward the following policy suggestions,including building a statistical system in line with the characteristics of local financial services trade,improving the standards of local financial services trade statistics system,strengthening the links between statistical institutions and financial services enterprises,and establishing a local financial services trade statistics system linked to the direct reporting system of the Ministry of Commerce. |
