1 thought on “Administrative Measures for the People's Bank of China settlement account”

  1. The Administrative Measures for Renminbi Bank Settlement Accounts is an institutional document released by the People's Bank of China in 2003 with the People's Bank of China Order [2003] No. 5.
    The "Administrative Measures for Renminbi Bank Settlement Accounts" passed through the 34th President Office of the President Office on August 21, 2002 and was promulgated and implemented by the People's Bank of China on April 10, 2003. strip.
    On January 19, 2005, the "Implementation Rules Implementation Measures for the Administration of Renminbi Bank Settlement Accounts" was issued on January 19, 2005. The People's Bank of China, referred to as the central bank in English, is the central bank of the People's Republic of China, and is a departments of the State Council. Under the leadership of the State Council, formulate and implement monetary policy, prevent and resolve financial risks, and maintain financial stability.
    On December 1, 1948, the People's Bank of China was merged on the basis of North China Bank, Bank of China, Beihai Bank, and Northwest Farmers Bank. In September 1983, the State Council decided to exercise the functions of the National Central Bank of China by the People's Bank of China. On March 18, 1995, the Third Session of the Eighth National People's Congress approved the "People's Republic of China and the People's Bank of China of the People's Republic of China". At this point, the People's Bank of China was identified as a legal form as the central bank.
    Cuchroma of the People's Bank of China in accordance with the provisions of the People's Republic of China of the People's Republic of China, under the leadership of the State Council to independently implement monetary policy, fulfill its duties, and carry out business, and is not interfered by local governments, social organizations and individuals. The history of the People's Bank of China can be traced back to the second domestic revolutionary war. On November 7, 1931, at the "National Soviet First Congress" held in Ruijin, Jiangxi, the "National Bank of the Soviet Republic of the Communist Party of China" (referred to as the Soviet National Bank of the Soviet Union "(referred to as the Soviet National Bank) passed the decision and issued currency. From the Land Revolution to the War of Resistance Against Japan to the birth of the People's Republic of China, the people's regime was divided into areas that cannot be connected to each other. Each base area has established a relatively independent and decentralized management bank, and each issues currency circulating in the base.

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