The People's Bank of China issued Announcement No. 22 on October 8, 2002, announcing the "RMB Bank Settlement Account Management Measures" (Draft for Comments) to solicit public opinions. After the promulgation of this measure, China's current "Bank Account Management Measures" will be abolished at the same time.

In the old method, deposit accounts were simply divided into four categories: basic deposit accounts, general deposit accounts, temporary deposit accounts and special deposit accounts. These four accounts are also used in the new measures, but they only refer to the classification of the unit's bank settlement account according to purpose.

The new measures also clearly put forward the concept of "personal bank settlement account". A bank settlement account opened by a depositor in the name of a natural person with his personal identity document is a personal bank settlement account.

The new measures are 71 articles long, which not only put forward relevant concepts, but also have detailed descriptions of account opening, use and penalties. However, the old method currently in effect only has 42 items.

Some emerging uses of funds in China have been regulated. For example, securities trading settlement funds, futures trading margins, trust funds, housing funds and social security funds are stipulated to be credited to the special deposit account of the unit's settlement account.