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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 I - General Provisions

Article 4

PBC shall perform the following functions:

(1) Formulate and implement monetary policies in accordance with the law;

(2) Issue Renminbi (RMB) and control its circulation;

(3) Examine, approve, supervise and administer banking institutions in accordance with regulations;

(4) Supervise and control the financial market in accordance with regulations;

(5) Promulgate ordinances and rules concerning financial administration and business;

(6) Hold, administer and manage the State foreign exchange reserve and gold reserve;

(7) Manage the State treasury;

(8) Maintain the normal operation of the systems for making payments and settling accounts;

(9) Be responsible for statistics, investigation, analysis and forecasting for the banking industry;

(10) Engage in relevant international banking operations in its capacity as the central bank of the State; and

(11) Other functions assigned to it by the State Council.

In order to implement monetary policies, PBC may carry out financial operations in accordance with the relevant provisions of Chapter IV of this law.


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