Table 2 : Hong Kong's Balance of Payments Sub-account Components: 

Current Account Balance for the year of 2001 was HK$ million 95763
Current Account Balance for the year of 2002 was HK$ million 137277
Current Account Balance for the 1st Qtr of 2002 was HK$ million 30034
Current Account Balance for the 2nd Qtr of 2002 was HK$ million 19943
Current Account Balance for the 3rd Qtr of 2002 was HK$ million 41993
Current Account Balance for the 4th Qtr of 2002 was HK$ million 45306
Current Account Balance for the 1st Qtr of 2003 was HK$ million 36494
Current Account Balance for the 2nd Qtr of 2003 was HK$ million 19730

Current Account : Credit for the year of 2001 was HK$ million 2204185
Current Account : Credit for the year of 2002 was HK$ million 2248723
Current Account : Credit for the 1st Qtr of 2002 was HK$ million 487815
Current Account : Credit for the 2nd Qtr of 2002 was HK$ million 537317
Current Account : Credit for the 3rd Qtr of 2002 was HK$ million 621174
Current Account : Credit for the 4th Qtr of 2002 was HK$ million 602416
Current Account : Credit for the 1st Qtr of 2003 was HK$ million 553272
Current Account : Credit for the 2nd Qtr of 2003 was HK$ million 564896

Current Account : Debit for the year of 2001 was HK$ million -2108422
Current Account : Debit for the year of 2002 was HK$ million -2111446
Current Account : Debit for the 1st Qtr of 2002 was HK$ million -457782
Current Account : Debit for the 2nd Qtr of 2002 was HK$ million -517375
Current Account : Debit for the 3rd Qtr of 2002 was HK$ million -579181
Current Account : Debit for the 4th Qtr of 2002 was HK$ million -557110
Current Account : Debit for the 1st Qtr of 2003 was HK$ million -516778
Current Account : Debit for the 2nd Qtr of 2003 was HK$ million -545166

Balance on Goods for the year of 2001 was HK$ million -64970
Balance on Goods for the year of 2002 was HK$ million -39406
Balance on Goods for the 1st Qtr of 2002 was HK$ million -12444
Balance on Goods for the 2nd Qtr of 2002 was HK$ million -16381
Balance on Goods for the 3rd Qtr of 2002 was HK$ million -4979
Balance on Goods for the 4th Qtr of 2002 was HK$ million -5603
Balance on Goods for the 1st Qtr of 2003 was HK$ million -15985
Balance on Goods for the 2nd Qtr of 2003 was HK$ million -9811

Goods : Credit for the year of 2001 was HK$ million 1488982
Goods : Credit for the year of 2002 was HK$ million 1562121
Goods : Credit for the 1st Qtr of 2002 was HK$ million 326087
Goods : Credit for the 2nd Qtr of 2002 was HK$ million 373691
Goods : Credit for the 3rd Qtr of 2002 was HK$ million 435519
Goods : Credit for the 4th Qtr of 2002 was HK$ million 426824
Goods : Credit for the 1st Qtr of 2003 was HK$ million 383436
Goods : Credit for the 2nd Qtr of 2003 was HK$ million 419318

Goods : Debit for the year of 2001 was HK$ million -1553952
Goods : Debit for the year of 2002 was HK$ million -1601527
Goods : Debit for the 1st Qtr of 2002 was HK$ million -338531
Goods : Debit for the 2nd Qtr of 2002 was HK$ million -390072
Goods : Debit for the 3rd Qtr of 2002 was HK$ million -440498
Goods : Debit for the 4th Qtr of 2002 was HK$ million -432427
Goods : Debit for the 1st Qtr of 2003 was HK$ million -399421
Goods : Debit for the 2nd Qtr of 2003 was HK$ million -429129

Balance on Services for the year of 2001 was HK$ million 133436
Balance on Services for the year of 2002 was HK$ million 163735
Balance on Services for the 1st Qtr of 2002 was HK$ million 31160
Balance on Services for the 2nd Qtr of 2002 was HK$ million 37805
Balance on Services for the 3rd Qtr of 2002 was HK$ million 42695
Balance on Services for the 4th Qtr of 2002 was HK$ million 52075
Balance on Services for the 1st Qtr of 2003 was HK$ million 40660
Balance on Services for the 2nd Qtr of 2003 was HK$ million 31470

Services : Credit for the year of 2001 was HK$ million 325889
Services : Credit for the year of 2002 was HK$ million 357147
Services : Credit for the 1st Qtr of 2002 was HK$ million 78241
Services : Credit for the 2nd Qtr of 2002 was HK$ million 83343
Services : Credit for the 3rd Qtr of 2002 was HK$ million 94798
Services : Credit for the 4th Qtr of 2002 was HK$ million 100765
Services : Credit for the 1st Qtr of 2003 was HK$ million 87441
Services : Credit for the 2nd Qtr of 2003 was HK$ million 68669

Services : Debit for the year of 2001 was HK$ million -192453
Services : Debit for the year of 2002 was HK$ million -193412
Services : Debit for the 1st Qtr of 2002 was HK$ million -47081
Services : Debit for the 2nd Qtr of 2002 was HK$ million -45538
Services : Debit for the 3rd Qtr of 2002 was HK$ million -52103
Services : Debit for the 4th Qtr of 2002 was HK$ million -48690
Services : Debit for the 1st Qtr of 2003 was HK$ million -46781
Services : Debit for the 2nd Qtr of 2003 was HK$ million -37199

Services : Transportation : Credit for the year of 2001 was HK$ million 93675
Services : Transportation : Credit for the year of 2002 was HK$ million 103003
Services : Transportation : Credit for the 1st Qtr of 2002 was HK$ million 23374
Services : Transportation : Credit for the 2nd Qtr of 2002 was HK$ million 25275
Services : Transportation : Credit for the 3rd Qtr of 2002 was HK$ million 28065
Services : Transportation : Credit for the 4th Qtr of 2002 was HK$ million 26289
Services : Transportation : Credit for the 1st Qtr of 2003 was HK$ million 25876
Services : Transportation : Credit for the 2nd Qtr of 2003 was HK$ million 21622

Services : Transportation : Debit for the year of 2001 was HK$ million -50916
Services : Transportation : Debit for the year of 2002 was HK$ million -51670
Services : Transportation : Debit for the 1st Qtr of 2002 was HK$ million -11558
Services : Transportation : Debit for the 2nd Qtr of 2002 was HK$ million -12675
Services : Transportation : Debit for the 3rd Qtr of 2002 was HK$ million -14292
Services : Transportation : Debit for the 4th Qtr of 2002 was HK$ million -13145
Services : Transportation : Debit for the 1st Qtr of 2003 was HK$ million -12284
Services : Transportation : Debit for the 2nd Qtr of 2003 was HK$ million -10584

Services : Travel : Credit for the year of 2001 was HK$ million 64594
Services : Travel : Credit for the year of 2002 was HK$ million 78046
Services : Travel : Credit for the 1st Qtr of 2002 was HK$ million 15811
Services : Travel : Credit for the 2nd Qtr of 2002 was HK$ million 20033
Services : Travel : Credit for the 3rd Qtr of 2002 was HK$ million 18020
Services : Travel : Credit for the 4th Qtr of 2002 was HK$ million 24182
Services : Travel : Credit for the 1st Qtr of 2003 was HK$ million 18945
Services : Travel : Credit for the 2nd Qtr of 2003 was HK$ million 7128

Services : Travel : Debit for the year of 2001 was HK$ million -96057
Services : Travel : Debit for the year of 2002 was HK$ million -96846
Services : Travel : Debit for the 1st Qtr of 2002 was HK$ million -25315
Services : Travel : Debit for the 2nd Qtr of 2002 was HK$ million -22656
Services : Travel : Debit for the 3rd Qtr of 2002 was HK$ million -25938
Services : Travel : Debit for the 4th Qtr of 2002 was HK$ million -22937
Services : Travel : Debit for the 1st Qtr of 2003 was HK$ million -23604
Services : Travel : Debit for the 2nd Qtr of 2003 was HK$ million -16309

Services : Insurance services : Credit for the year of 2001 was HK$ million 3556
Services : Insurance services : Credit for the year of 2002 was HK$ million 3739
Services : Insurance services : Credit for the 1st Qtr of 2002 was HK$ million 818
Services : Insurance services : Credit for the 2nd Qtr of 2002 was HK$ million 949
Services : Insurance services : Credit for the 3rd Qtr of 2002 was HK$ million 907
Services : Insurance services : Credit for the 4th Qtr of 2002 was HK$ million 1065
Services : Insurance services : Credit for the 1st Qtr of 2003 was HK$ million 910
Services : Insurance services : Credit for the 2nd Qtr of 2003 was HK$ million 1010

Services : Insurance services : Debit for the year of 2001 was HK$ million -4028
Services : Insurance services : Debit for the year of 2002 was HK$ million -4024
Services : Insurance services : Debit for the 1st Qtr of 2002 was HK$ million -851
Services : Insurance services : Debit for the 2nd Qtr of 2002 was HK$ million -977
Services : Insurance services : Debit for the 3rd Qtr of 2002 was HK$ million -1038
Services : Insurance services : Debit for the 4th Qtr of 2002 was HK$ million -1158
Services : Insurance services : Debit for the 1st Qtr of 2003 was HK$ million -969
Services : Insurance services : Debit for the 2nd Qtr of 2003 was HK$ million -1082

Services : Financial services : Credit for the year of 2001 was HK$ million 21823
Services : Financial services : Credit for the year of 2002 was HK$ million 20906
Services : Financial services : Credit for the 1st Qtr of 2002 was HK$ million 5488
Services : Financial services : Credit for the 2nd Qtr of 2002 was HK$ million 5283
Services : Financial services : Credit for the 3rd Qtr of 2002 was HK$ million 5140
Services : Financial services : Credit for the 4th Qtr of 2002 was HK$ million 4995
Services : Financial services : Credit for the 1st Qtr of 2003 was HK$ million 5386
Services : Financial services : Credit for the 2nd Qtr of 2003 was HK$ million 5127

Services : Financial services : Debit for the year of 2001 was HK$ million -5242
Services : Financial services : Debit for the year of 2002 was HK$ million -5348
Services : Financial services : Debit for the 1st Qtr of 2002 was HK$ million -1303
Services : Financial services : Debit for the 2nd Qtr of 2002 was HK$ million -1338
Services : Financial services : Debit for the 3rd Qtr of 2002 was HK$ million -1320
Services : Financial services : Debit for the 4th Qtr of 2002 was HK$ million -1387
Services : Financial services : Debit for the 1st Qtr of 2003 was HK$ million -1367
Services : Financial services : Debit for the 2nd Qtr of 2003 was HK$ million -1358

Services : Other services : Credit for the year of 2001 was HK$ million 142241
Services : Other services : Credit for the year of 2002 was HK$ million 151453
Services : Other services : Credit for the 1st Qtr of 2002 was HK$ million 32750
Services : Other services : Credit for the 2nd Qtr of 2002 was HK$ million 31803
Services : Other services : Credit for the 3rd Qtr of 2002 was HK$ million 42666
Services : Other services : Credit for the 4th Qtr of 2002 was HK$ million 44234
Services : Other services : Credit for the 1st Qtr of 2003 was HK$ million 36324
Services : Other services : Credit for the 2nd Qtr of 2003 was HK$ million 33782

Services : Other services : Debit for the year of 2001 was HK$ million -36210
Services : Other services : Debit for the year of 2002 was HK$ million -35524
Services : Other services : Debit for the 1st Qtr of 2002 was HK$ million -8054
Services : Other services : Debit for the 2nd Qtr of 2002 was HK$ million -7892
Services : Other services : Debit for the 3rd Qtr of 2002 was HK$ million -9515
Services : Other services : Debit for the 4th Qtr of 2002 was HK$ million -10063
Services : Other services : Debit for the 1st Qtr of 2003 was HK$ million -8557
Services : Other services : Debit for the 2nd Qtr of 2003 was HK$ million -7866

Net factor income flow for the year of 2001 was HK$ million 41174
Net factor income flow for the year of 2002 was HK$ million 27423
Net factor income flow for the 1st Qtr of 2002 was HK$ million 14779
Net factor income flow for the 2nd Qtr of 2002 was HK$ million 2137
Net factor income flow for the 3rd Qtr of 2002 was HK$ million 8099
Net factor income flow for the 4th Qtr of 2002 was HK$ million 2408
Net factor income flow for the 1st Qtr of 2003 was HK$ million 15950
Net factor income flow for the 2nd Qtr of 2003 was HK$ million 1539

Factor income : Credit for the year of 2001 was HK$ million 384595
Factor income : Credit for the year of 2002 was HK$ million 324099
Factor income : Credit for the 1st Qtr of 2002 was HK$ million 82412
Factor income : Credit for the 2nd Qtr of 2002 was HK$ million 78110
Factor income : Credit for the 3rd Qtr of 2002 was HK$ million 89826
Factor income : Credit for the 4th Qtr of 2002 was HK$ million 73751
Factor income : Credit for the 1st Qtr of 2003 was HK$ million 81196
Factor income : Credit for the 2nd Qtr of 2003 was HK$ million 75731

Factor income : Debit for the year of 2001 was HK$ million -343420
Factor income : Debit for the year of 2002 was HK$ million -296676
Factor income : Debit for the 1st Qtr of 2002 was HK$ million -67633
Factor income : Debit for the 2nd Qtr of 2002 was HK$ million -75973
Factor income : Debit for the 3rd Qtr of 2002 was HK$ million -81726
Factor income : Debit for the 4th Qtr of 2002 was HK$ million -71344
Factor income : Debit for the 1st Qtr of 2003 was HK$ million -65246
Factor income : Debit for the 2nd Qtr of 2003 was HK$ million -74191

Factor income : Investment income : Credit for the year of 2001 was HK$ million 384565
Factor income : Investment income : Credit for the year of 2002 was HK$ million 324084
Factor income : Investment income : Credit for the 1st Qtr of 2002 was HK$ million 82406
Factor income : Investment income : Credit for the 2nd Qtr of 2002 was HK$ million 78106
Factor income : Investment income : Credit for the 3rd Qtr of 2002 was HK$ million 89823
Factor income : Investment income : Credit for the 4th Qtr of 2002 was HK$ million 73749
Factor income : Investment income : Credit for the 1st Qtr of 2003 was HK$ million 81194
Factor income : Investment income : Credit for the 2nd Qtr of 2003 was HK$ million 75729

Factor income : Investment income : Credit : Direct investment income for the year of 2001 was HK$ million 168497
Factor income : Investment income : Credit : Direct investment income for the year of 2002 was HK$ million 165164
Factor income : Investment income : Credit : Direct investment income for the 1st Qtr of 2002 was HK$ million 39744
Factor income : Investment income : Credit : Direct investment income for the 2nd Qtr of 2002 was HK$ million 38871
Factor income : Investment income : Credit : Direct investment income for the 3rd Qtr of 2002 was HK$ million 49463
Factor income : Investment income : Credit : Direct investment income for the 4th Qtr of 2002 was HK$ million 37086
Factor income : Investment income : Credit : Direct investment income for the 1st Qtr of 2003 was HK$ million 42497
Factor income : Investment income : Credit : Direct investment income for the 2nd Qtr of 2003 was HK$ million 38607

Factor income : Investment income : Credit : Direct investment income : Dividends and distributed branch profits for the year of 2001 was HK$ million 61566
Factor income : Investment income : Credit : Direct investment income : Dividends and distributed branch profits for the year of 2002 was HK$ million 116430
Factor income : Investment income : Credit : Direct investment income : Dividends and distributed branch profits for the 1st Qtr of 2002 was HK$ million 10996
Factor income : Investment income : Credit : Direct investment income : Dividends and distributed branch profits for the 2nd Qtr of 2002 was HK$ million 10934
Factor income : Investment income : Credit : Direct investment income : Dividends and distributed branch profits for the 3rd Qtr of 2002 was HK$ million 50896
Factor income : Investment income : Credit : Direct investment income : Dividends and distributed branch profits for the 4th Qtr of 2002 was HK$ million 43604
Factor income : Investment income : Credit : Direct investment income : Dividends and distributed branch profits for the 1st Qtr of 2003 was HK$ million 17079
Factor income : Investment income : Credit : Direct investment income : Dividends and distributed branch profits for the 2nd Qtr of 2003 was HK$ million 34137

Factor income : Investment income : Credit : Direct investment income : Reinvested earnings and undistributed branch profits for the year of 2001 was HK$ million 103179
Factor income : Investment income : Credit : Direct investment income : Reinvested earnings and undistributed branch profits for the year of 2002 was HK$ million 46651
Factor income : Investment income : Credit : Direct investment income : Reinvested earnings and undistributed branch profits for the 1st Qtr of 2002 was HK$ million 28193
Factor income : Investment income : Credit : Direct investment income : Reinvested earnings and undistributed branch profits for the 2nd Qtr of 2002 was HK$ million 27474
Factor income : Investment income : Credit : Direct investment income : Reinvested earnings and undistributed branch profits for the 3rd Qtr of 2002 was HK$ million -1899
Factor income : Investment income : Credit : Direct investment income : Reinvested earnings and undistributed branch profits for the 4th Qtr of 2002 was HK$ million -7117
Factor income : Investment income : Credit : Direct investment income : Reinvested earnings and undistributed branch profits for the 1st Qtr of 2003 was HK$ million 23779
Factor income : Investment income : Credit : Direct investment income : Reinvested earnings and undistributed branch profits for the 2nd Qtr of 2003 was HK$ million 3916

Factor income : Investment income : Credit : Direct investment income : Income on debt (interest) for the year of 2001 was HK$ million 3751
Factor income : Investment income : Credit : Direct investment income : Income on debt (interest) for the year of 2002 was HK$ million 2083
Factor income : Investment income : Credit : Direct investment income : Income on debt (interest) for the 1st Qtr of 2002 was HK$ million 554
Factor income : Investment income : Credit : Direct investment income : Income on debt (interest) for the 2nd Qtr of 2002 was HK$ million 463
Factor income : Investment income : Credit : Direct investment income : Income on debt (interest) for the 3rd Qtr of 2002 was HK$ million 467
Factor income : Investment income : Credit : Direct investment income : Income on debt (interest) for the 4th Qtr of 2002 was HK$ million 600
Factor income : Investment income : Credit : Direct investment income : Income on debt (interest) for the 1st Qtr of 2003 was HK$ million 1639
Factor income : Investment income : Credit : Direct investment income : Income on debt (interest) for the 2nd Qtr of 2003 was HK$ million 554

Factor income : Investment income : Credit : Portfolio investment income for the year of 2001 was HK$ million 96338
Factor income : Investment income : Credit : Portfolio investment income for the year of 2002 was HK$ million 93499
Factor income : Investment income : Credit : Portfolio investment income for the 1st Qtr of 2002 was HK$ million 25160
Factor income : Investment income : Credit : Portfolio investment income for the 2nd Qtr of 2002 was HK$ million 22622
Factor income : Investment income : Credit : Portfolio investment income for the 3rd Qtr of 2002 was HK$ million 24723
Factor income : Investment income : Credit : Portfolio investment income for the 4th Qtr of 2002 was HK$ million 20995
Factor income : Investment income : Credit : Portfolio investment income for the 1st Qtr of 2003 was HK$ million 25673
Factor income : Investment income : Credit : Portfolio investment income for the 2nd Qtr of 2003 was HK$ million 24977

Factor income : Investment Income : Credit : Portfolio investment income : Income on equity for the year of 2001 was HK$ million 19631
Factor income : Investment Income : Credit : Portfolio investment income : Income on equity for the year of 2002 was HK$ million 22151
Factor income : Investment Income : Credit : Portfolio investment income : Income on equity for the 1st Qtr of 2002 was HK$ million 7569
Factor income : Investment Income : Credit : Portfolio investment income : Income on equity for the 2nd Qtr of 2002 was HK$ million 4382
Factor income : Investment Income : Credit : Portfolio investment income : Income on equity for the 3rd Qtr of 2002 was HK$ million 7084
Factor income : Investment Income : Credit : Portfolio investment income : Income on equity for the 4th Qtr of 2002 was HK$ million 3115
Factor income : Investment Income : Credit : Portfolio investment income : Income on equity for the 1st Qtr of 2003 was HK$ million 8164
Factor income : Investment Income : Credit : Portfolio investment income : Income on equity for the 2nd Qtr of 2003 was HK$ million 7422

Factor income : Investment Income : Credit : Portfolio investment income : Income on bonds and notes for the year of 2001 was HK$ million 70682
Factor income : Investment Income : Credit : Portfolio investment income : Income on bonds and notes for the year of 2002 was HK$ million 66710
Factor income : Investment Income : Credit : Portfolio investment income : Income on bonds and notes for the 1st Qtr of 2002 was HK$ million 16449
Factor income : Investment Income : Credit : Portfolio investment income : Income on bonds and notes for the 2nd Qtr of 2002 was HK$ million 17104
Factor income : Investment Income : Credit : Portfolio investment income : Income on bonds and notes for the 3rd Qtr of 2002 was HK$ million 16496
Factor income : Investment Income : Credit : Portfolio investment income : Income on bonds and notes for the 4th Qtr of 2002 was HK$ million 16660
Factor income : Investment Income : Credit : Portfolio investment income : Income on bonds and notes for the 1st Qtr of 2003 was HK$ million 16302
Factor income : Investment Income : Credit : Portfolio investment income : Income on bonds and notes for the 2nd Qtr of 2003 was HK$ million 16444

Factor income : Investment Income : Credit : Portfolio investment income : Income on money market instruments for the year of 2001 was HK$ million 6025
Factor income : Investment Income : Credit : Portfolio investment income : Income on money market instruments for the year of 2002 was HK$ million 4638
Factor income : Investment Income : Credit : Portfolio investment income : Income on money market instruments for the 1st Qtr of 2002 was HK$ million 1141
Factor income : Investment Income : Credit : Portfolio investment income : Income on money market instruments for the 2nd Qtr of 2002 was HK$ million 1136
Factor income : Investment Income : Credit : Portfolio investment income : Income on money market instruments for the 3rd Qtr of 2002 was HK$ million 1142
Factor income : Investment Income : Credit : Portfolio investment income : Income on money market instruments for the 4th Qtr of 2002 was HK$ million 1219
Factor income : Investment Income : Credit : Portfolio investment income : Income on money market instruments for the 1st Qtr of 2003 was HK$ million 1207
Factor income : Investment Income : Credit : Portfolio investment income : Income on money market instruments for the 2nd Qtr of 2003 was HK$ million 1111

Factor income : Investment income : Credit : Other investment income for the year of 2001 was HK$ million 119730
Factor income : Investment income : Credit : Other investment income for the year of 2002 was HK$ million 65421
Factor income : Investment income : Credit : Other investment income for the 1st Qtr of 2002 was HK$ million 17502
Factor income : Investment income : Credit : Other investment income for the 2nd Qtr of 2002 was HK$ million 16613
Factor income : Investment income : Credit : Other investment income for the 3rd Qtr of 2002 was HK$ million 15638
Factor income : Investment income : Credit : Other investment income for the 4th Qtr of 2002 was HK$ million 15669
Factor income : Investment income : Credit : Other investment income for the 1st Qtr of 2003 was HK$ million 13025
Factor income : Investment income : Credit : Other investment income for the 2nd Qtr of 2003 was HK$ million 12145

Factor income : Investment income : Debit for the year of 2001 was HK$ million -343391
Factor income : Investment income : Debit for the year of 2002 was HK$ million -296661
Factor income : Investment income : Debit for the 1st Qtr of 2002 was HK$ million -67627
Factor income : Investment income : Debit for the 2nd Qtr of 2002 was HK$ million -75969
Factor income : Investment income : Debit for the 3rd Qtr of 2002 was HK$ million -81724
Factor income : Investment income : Debit for the 4th Qtr of 2002 was HK$ million -71341
Factor income : Investment income : Debit for the 1st Qtr of 2003 was HK$ million -65244
Factor income : Investment income : Debit for the 2nd Qtr of 2003 was HK$ million -74189

Factor income : Investment income : Debit : Direct investment income for the year of 2001 was HK$ million -244838
Factor income : Investment income : Debit : Direct investment income for the year of 2002 was HK$ million -230854
Factor income : Investment income : Debit : Direct investment income for the 1st Qtr of 2002 was HK$ million -52818
Factor income : Investment income : Debit : Direct investment income for the 2nd Qtr of 2002 was HK$ million -55775
Factor income : Investment income : Debit : Direct investment income for the 3rd Qtr of 2002 was HK$ million -66561
Factor income : Investment income : Debit : Direct investment income for the 4th Qtr of 2002 was HK$ million -55699
Factor income : Investment income : Debit : Direct investment income for the 1st Qtr of 2003 was HK$ million -53510
Factor income : Investment income : Debit : Direct investment income for the 2nd Qtr of 2003 was HK$ million -54185

Factor income : Investment income : Debit : Direct investment income : Dividends and distributed branch profits for the year of 2001 was HK$ million -141787
Factor income : Investment income : Debit : Direct investment income : Dividends and distributed branch profits for the year of 2002 was HK$ million -80485
Factor income : Investment income : Debit : Direct investment income : Dividends and distributed branch profits for the 1st Qtr of 2002 was HK$ million -15028
Factor income : Investment income : Debit : Direct investment income : Dividends and distributed branch profits for the 2nd Qtr of 2002 was HK$ million -23424
Factor income : Investment income : Debit : Direct investment income : Dividends and distributed branch profits for the 3rd Qtr of 2002 was HK$ million -17829
Factor income : Investment income : Debit : Direct investment income : Dividends and distributed branch profits for the 4th Qtr of 2002 was HK$ million -24204
Factor income : Investment income : Debit : Direct investment income : Dividends and distributed branch profits for the 1st Qtr of 2003 was HK$ million -20203
Factor income : Investment income : Debit : Direct investment income : Dividends and distributed branch profits for the 2nd Qtr of 2003 was HK$ million -27503

Factor income : Investment income : Debit : Direct investment income : Reinvested earnings and undistributed branch profits for the year of 2001 was HK$ million -96349
Factor income : Investment income : Debit : Direct investment income : Reinvested earnings and undistributed branch profits for the year of 2002 was HK$ million -145740
Factor income : Investment income : Debit : Direct investment income : Reinvested earnings and undistributed branch profits for the 1st Qtr of 2002 was HK$ million -36674
Factor income : Investment income : Debit : Direct investment income : Reinvested earnings and undistributed branch profits for the 2nd Qtr of 2002 was HK$ million -31156
Factor income : Investment income : Debit : Direct investment income : Reinvested earnings and undistributed branch profits for the 3rd Qtr of 2002 was HK$ million -47505
Factor income : Investment income : Debit : Direct investment income : Reinvested earnings and undistributed branch profits for the 4th Qtr of 2002 was HK$ million -30405
Factor income : Investment income : Debit : Direct investment income : Reinvested earnings and undistributed branch profits for the 1st Qtr of 2003 was HK$ million -32442
Factor income : Investment income : Debit : Direct investment income : Reinvested earnings and undistributed branch profits for the 2nd Qtr of 2003 was HK$ million -24628

Factor income : Investment income : Debit : Direct investment income : Income on debt (interest) for the year of 2001 was HK$ million -6702
Factor income : Investment income : Debit : Direct investment income : Income on debt (interest) for the year of 2002 was HK$ million -4629
Factor income : Investment income : Debit : Direct investment income : Income on debt (interest) for the 1st Qtr of 2002 was HK$ million -1116
Factor income : Investment income : Debit : Direct investment income : Income on debt (interest) for the 2nd Qtr of 2002 was HK$ million -1195
Factor income : Investment income : Debit : Direct investment income : Income on debt (interest) for the 3rd Qtr of 2002 was HK$ million -1227
Factor income : Investment income : Debit : Direct investment income : Income on debt (interest) for the 4th Qtr of 2002 was HK$ million -1091
Factor income : Investment income : Debit : Direct investment income : Income on debt (interest) for the 1st Qtr of 2003 was HK$ million -865
Factor income : Investment income : Debit : Direct investment income : Income on debt (interest) for the 2nd Qtr of 2003 was HK$ million -2054

Factor income : Investment income : Debit : Portfolio investment income for the year of 2001 was HK$ million -26835
Factor income : Investment income : Debit : Portfolio investment income for the year of 2002 was HK$ million -27014
Factor income : Investment income : Debit : Portfolio investment income for the 1st Qtr of 2002 was HK$ million -4838
Factor income : Investment income : Debit : Portfolio investment income for the 2nd Qtr of 2002 was HK$ million -10215
Factor income : Investment income : Debit : Portfolio investment income for the 3rd Qtr of 2002 was HK$ million -5563
Factor income : Investment income : Debit : Portfolio investment income for the 4th Qtr of 2002 was HK$ million -6398
Factor income : Investment income : Debit : Portfolio investment income for the 1st Qtr of 2003 was HK$ million -3652
Factor income : Investment income : Debit : Portfolio investment income for the 2nd Qtr of 2003 was HK$ million -13046

Factor income : Investment Income : Debit : Portfolio investment income : Income on equity for the year of 2001 was HK$ million -20641
Factor income : Investment Income : Debit : Portfolio investment income : Income on equity for the year of 2002 was HK$ million -22412
Factor income : Investment Income : Debit : Portfolio investment income : Income on equity for the 1st Qtr of 2002 was HK$ million -3633
Factor income : Investment Income : Debit : Portfolio investment income : Income on equity for the 2nd Qtr of 2002 was HK$ million -9077
Factor income : Investment Income : Debit : Portfolio investment income : Income on equity for the 3rd Qtr of 2002 was HK$ million -4345
Factor income : Investment Income : Debit : Portfolio investment income : Income on equity for the 4th Qtr of 2002 was HK$ million -5358
Factor income : Investment Income : Debit : Portfolio investment income : Income on equity for the 1st Qtr of 2003 was HK$ million -2671
Factor income : Investment Income : Debit : Portfolio investment income : Income on equity for the 2nd Qtr of 2003 was HK$ million -12103

Factor income : Investment Income : Debit : Portfolio investment income : Income on bonds and notes for the year of 2001 was HK$ million -5002
Factor income : Investment Income : Debit : Portfolio investment income : Income on bonds and notes for the year of 2002 was HK$ million -3968
Factor income : Investment Income : Debit : Portfolio investment income : Income on bonds and notes for the 1st Qtr of 2002 was HK$ million -1035
Factor income : Investment Income : Debit : Portfolio investment income : Income on bonds and notes for the 2nd Qtr of 2002 was HK$ million -931
Factor income : Investment Income : Debit : Portfolio investment income : Income on bonds and notes for the 3rd Qtr of 2002 was HK$ million -1064
Factor income : Investment Income : Debit : Portfolio investment income : Income on bonds and notes for the 4th Qtr of 2002 was HK$ million -938
Factor income : Investment Income : Debit : Portfolio investment income : Income on bonds and notes for the 1st Qtr of 2003 was HK$ million -928
Factor income : Investment Income : Debit : Portfolio investment income : Income on bonds and notes for the 2nd Qtr of 2003 was HK$ million -900

Factor income : Investment Income : Debit : Portfolio investment income : Income on money market instruments for the year of 2001 was HK$ million -1192
Factor income : Investment Income : Debit : Portfolio investment income : Income on money market instruments for the year of 2002 was HK$ million -635
Factor income : Investment Income : Debit : Portfolio investment income : Income on money market instruments for the 1st Qtr of 2002 was HK$ million -170
Factor income : Investment Income : Debit : Portfolio investment income : Income on money market instruments for the 2nd Qtr of 2002 was HK$ million -208
Factor income : Investment Income : Debit : Portfolio investment income : Income on money market instruments for the 3rd Qtr of 2002 was HK$ million -154
Factor income : Investment Income : Debit : Portfolio investment income : Income on money market instruments for the 4th Qtr of 2002 was HK$ million -102
Factor income : Investment Income : Debit : Portfolio investment income : Income on money market instruments for the 1st Qtr of 2003 was HK$ million -52
Factor income : Investment Income : Debit : Portfolio investment income : Income on money market instruments for the 2nd Qtr of 2003 was HK$ million -44

Factor income : Investment income : Debit : Other investment income for the year of 2001 was HK$ million -71718
Factor income : Investment income : Debit : Other investment income for the year of 2002 was HK$ million -38793
Factor income : Investment income : Debit : Other investment income for the 1st Qtr of 2002 was HK$ million -9971
Factor income : Investment income : Debit : Other investment income for the 2nd Qtr of 2002 was HK$ million -9978
Factor income : Investment income : Debit : Other investment income for the 3rd Qtr of 2002 was HK$ million -9600
Factor income : Investment income : Debit : Other investment income for the 4th Qtr of 2002 was HK$ million -9244
Factor income : Investment income : Debit : Other investment income for the 1st Qtr of 2003 was HK$ million -8083
Factor income : Investment income : Debit : Other investment income for the 2nd Qtr of 2003 was HK$ million -6958

Factor income : Compensation of employees : Credit for the year of 2001 was HK$ million 30
Factor income : Compensation of employees : Credit for the year of 2002 was HK$ million 15
Factor income : Compensation of employees : Credit for the 1st Qtr of 2002 was HK$ million 6
Factor income : Compensation of employees : Credit for the 2nd Qtr of 2002 was HK$ million 4
Factor income : Compensation of employees : Credit for the 3rd Qtr of 2002 was HK$ million 3
Factor income : Compensation of employees : Credit for the 4th Qtr of 2002 was HK$ million 2
Factor income : Compensation of employees : Credit for the 1st Qtr of 2003 was HK$ million 2
Factor income : Compensation of employees : Credit for the 2nd Qtr of 2003 was HK$ million 2

Factor income : Compensation of employees : Debit for the year of 2001 was HK$ million -30
Factor income : Compensation of employees : Debit for the year of 2002 was HK$ million -15
Factor income : Compensation of employees : Debit for the 1st Qtr of 2002 was HK$ million -6
Factor income : Compensation of employees : Debit for the 2nd Qtr of 2002 was HK$ million -4
Factor income : Compensation of employees : Debit for the 3rd Qtr of 2002 was HK$ million -3
Factor income : Compensation of employees : Debit for the 4th Qtr of 2002 was HK$ million -2
Factor income : Compensation of employees : Debit for the 1st Qtr of 2003 was HK$ million -2
Factor income : Compensation of employees : Debit for the 2nd Qtr of 2003 was HK$ million -2

Net flow in Current transfers for the year of 2001 was HK$ million -13878
Net flow in Current transfers for the year of 2002 was HK$ million -14475
Net flow in Current transfers for the 1st Qtr of 2002 was HK$ million -3461
Net flow in Current transfers for the 2nd Qtr of 2002 was HK$ million -3618
Net flow in Current transfers for the 3rd Qtr of 2002 was HK$ million -3822
Net flow in Current transfers for the 4th Qtr of 2002 was HK$ million -3573
Net flow in Current transfers for the 1st Qtr of 2003 was HK$ million -4131
Net flow in Current transfers for the 2nd Qtr of 2003 was HK$ million -3469

Current transfers : Credit for the year of 2001 was HK$ million 4719
Current transfers : Credit for the year of 2002 was HK$ million 5357
Current transfers : Credit for the 1st Qtr of 2002 was HK$ million 1076
Current transfers : Credit for the 2nd Qtr of 2002 was HK$ million 2174
Current transfers : Credit for the 3rd Qtr of 2002 was HK$ million 1031
Current transfers : Credit for the 4th Qtr of 2002 was HK$ million 1076
Current transfers : Credit for the 1st Qtr of 2003 was HK$ million 1199
Current transfers : Credit for the 2nd Qtr of 2003 was HK$ million 1178

Current transfers : Credit : General government for the year of 2001 was HK$ million 0
Current transfers : Credit : General government for the year of 2002 was HK$ million 0
Current transfers : Credit : General government for the 1st Qtr of 2002 was HK$ million 0
Current transfers : Credit : General government for the 2nd Qtr of 2002 was HK$ million 0
Current transfers : Credit : General government for the 3rd Qtr of 2002 was HK$ million 0
Current transfers : Credit : General government for the 4th Qtr of 2002 was HK$ million 0
Current transfers : Credit : General government for the 1st Qtr of 2003 was HK$ million 0
Current transfers : Credit : General government for the 2nd Qtr of 2003 was HK$ million 0

Current transfers : Credit : Other sectors for the year of 2001 was HK$ million 4719
Current transfers : Credit : Other sectors for the year of 2002 was HK$ million 5357
Current transfers : Credit : Other sectors for the 1st Qtr of 2002 was HK$ million 1076
Current transfers : Credit : Other sectors for the 2nd Qtr of 2002 was HK$ million 2174
Current transfers : Credit : Other sectors for the 3rd Qtr of 2002 was HK$ million 1031
Current transfers : Credit : Other sectors for the 4th Qtr of 2002 was HK$ million 1076
Current transfers : Credit : Other sectors for the 1st Qtr of 2003 was HK$ million 1199
Current transfers : Credit : Other sectors for the 2nd Qtr of 2003 was HK$ million 1178

Current transfers : Debit for the year of 2001 was HK$ million -18597
Current transfers : Debit for the year of 2002 was HK$ million -19831
Current transfers : Debit for the 1st Qtr of 2002 was HK$ million -4537
Current transfers : Debit for the 2nd Qtr of 2002 was HK$ million -5792
Current transfers : Debit for the 3rd Qtr of 2002 was HK$ million -4853
Current transfers : Debit for the 4th Qtr of 2002 was HK$ million -4649
Current transfers : Debit for the 1st Qtr of 2003 was HK$ million -5330
Current transfers : Debit for the 2nd Qtr of 2003 was HK$ million -4647

Current transfers : Debit : General government for the year of 2001 was HK$ million -1299
Current transfers : Debit : General government for the year of 2002 was HK$ million -1342
Current transfers : Debit : General government for the 1st Qtr of 2002 was HK$ million -353
Current transfers : Debit : General government for the 2nd Qtr of 2002 was HK$ million -331
Current transfers : Debit : General government for the 3rd Qtr of 2002 was HK$ million -329
Current transfers : Debit : General government for the 4th Qtr of 2002 was HK$ million -328
Current transfers : Debit : General government for the 1st Qtr of 2003 was HK$ million -355
Current transfers : Debit : General government for the 2nd Qtr of 2003 was HK$ million -309

Current transfers : Debit : Other sectors for the year of 2001 was HK$ million -17298
Current transfers : Debit : Other sectors for the year of 2002 was HK$ million -18489
Current transfers : Debit : Other sectors for the 1st Qtr of 2002 was HK$ million -4184
Current transfers : Debit : Other sectors for the 2nd Qtr of 2002 was HK$ million -5460
Current transfers : Debit : Other sectors for the 3rd Qtr of 2002 was HK$ million -4524
Current transfers : Debit : Other sectors for the 4th Qtr of 2002 was HK$ million -4321
Current transfers : Debit : Other sectors for the 1st Qtr of 2003 was HK$ million -4975
Current transfers : Debit : Other sectors for the 2nd Qtr of 2003 was HK$ million -4338


Notes :
(1) In accordance with the Balance of Payments accounting rules, a positive value for the balance figure in the current account represents a 
    surplus whereas a negative value represents a deficit. 

(2) In a Balance of Payments account, every external transaction is presented by two entries, a credit and a debit. In the current account, 
    exports of goods and services, factor income inflows and transfers from abroad are credit entries, while imports of goods and services, 
    factor income outflows and transfers to abroad are debit entries.