23-10 Hong Kong's Balance of Payments Account
			HKD million
Standard Components①	1998	1999#	2000#
Current Account②	30238	89109	68784
Goods	-60667	-24501	-64021
Services	74507	90776	123976
Income	28762	34777	21540
Current Transfers	-12364	-11943	-12712
Capital and Financial Account②	-31514	-83374	-59369
Capital Transfers	-18445	-13812	-11829
Direct Investment	-17016	40737	11005
Portfolio Investment	171052	256812	226852
Financial Derivatives	25374	78999	-4648
Other Investment	-245059	-368243	-203952
Reserve Assets (Net Change)③	52581	-77867	-76798
Net Errors and Omissions④	1276	-5735	-9415
Overall Balance of Payments	-52581	77867	76798
	(in deficit)	(in surplus)	(in surplus)
Notes:①In accordance with the Balance of Payments accounting rules, a net credit for a standard component is represented by a positive value,
and a net debit a negative value.
②A positive value for the balance figure in the current account represents a surplus whereas a negative value represents a deficit. For the
capital and financial account, a positive value indicates a net capital and financial inflow and a negative value indicates a net outflow.
As increases in external assets are debit entries and decreases are credit entries, a negative value for net change in reserve assets
represents a net increase and a positive value represents a net decrease.
③The estimates on net change in reserve assets under the Balance of Payments framework are transaction figures. Effects from valuation
changes (including price changes and exchange rate changes) and reclassifications are excluded.
④In principle, the net sum of credit entries and debit entries is zero. In practice, discrepancies between the credit and debit entries may
however occur for various reasons as the data are collected from many sources. Equality between the sum of credit entries and debit
entries is brought about by the inclusion of a balancing item which reflects net errors and omissions.
# Subject to revision later on.