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Law of the People's Republic of China on the People's Bank of China
(Adopted at the Third Session of the Standing Committee of the Eighth National People's Congress and promulgated by Decree No.46 of President of the People's Republic of China on March 18, 1995)

Chapter I - General Provisions

Article 1

Article 2

Article 3

Article 4

Article 5

Article 6

Article 7

Article 8

Chapter II - Organization

Article 9

Article 10

Article 11

Article 12

Article 13

Article 14

Chapter III - Renminbi

Article 15

Article 16

Article 17

Article 18

Article 19

Article 20

Article 21

Chapter IV - Business Operations

Article 22

Article 23

Article 24

Article 25

Article 26

Article 27

Article 28

Article 29

Chapter V - Supervision and Control over the Banking Industry

Article 30

Article 31

Article 32

Article 33

Article 34

Article 35

Article 36

Chapter VI - Finance and Accounting

Article 37

Article 38

Article 39

Article 40

Chapter VII - Legal Liabilities

Article 41

Article 42

Article 43

Article 44

Article 45

Article 46

Article 47

Article 48

Article 49

Article 50

Chapter VIII - Supplementary Provisions

Article 51

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China - Law on the People's Bank of China, 1995

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Law of the People's Republic of China on the People's Bank of China
(Adopted at the Third Session of the Standing Committee of the Eighth National People's Congress and promulgated by Decree No.46 of President of the People's Republic of China on March 18, 1995)

Chapter IV - Business Operations

Article 22

PBC may use the following instruments to implement the monetary policies:

(1) reserve fund at a required ratio deposited in PBC by banking institutions under demand;

(2) base interest rates fixed by the central bank;

(3) rediscount for banking institutions which have opened accounts in PBC;

(4) provision of loans for commercial banks;

(5) deals in State bonds and other government bonds and foreign exchange on the open market; and

(6) other monetary policy instruments defined by the State Council.

PBC may work out the specific conditions and procedures when applying the monetary policy instruments set forth in the preceding clauses to implement monetary policies.


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