"Regulations on the Administration of Renminbi of the People's Republic of China" (issued by Order No. 280 of the State Council of the People's Republic of China on February 3, 2000) in accordance with the "Decision of the State Council on Amending Some Administrative Regulations" of July 29, 2014

First amendment (second amendment based on the "Decision of the State Council on Amending and Repealing Certain Administrative Regulations" on March 19, 2018) Chapter 1 General Provisions Article 1 In order to strengthen the management of the RMB, maintain the credibility of the RMB, and stabilize the financial order,

These regulations are formulated in accordance with the Law of the People's Republic of China and the People's Bank of China.

Article 2 The term "renminbi" as mentioned in these Regulations refers to the currency issued by the People's Bank of China in accordance with the law, including banknotes and coins.

Those engaged in activities such as the design, printing, issuance, circulation and recycling of RMB must comply with these regulations.

Article 3 The legal currency of the People's Republic of China is RMB.

All public and private debts within the territory of the People's Republic of China and the People's Republic of China shall be paid in RMB, and no unit or individual may refuse to accept the payment.

Article 4 The unit of RMB is yuan, and the unit of RMB auxiliary currency is jiao and cent.

1 yuan is equal to 10 jiao, and 1 jiao is equal to 10 cents.

Payment is made in RMB according to the face amount.

Article 5 The People's Bank of China is the national competent authority for the management of RMB and is responsible for the organization and implementation of these Regulations.

Article 6 All units and individuals should protect the RMB.

It is prohibited to damage the RMB and hinder the circulation of the RMB.

Chapter 2 Design and Printing Article 7 The new version of RMB shall be organized and designed by the People's Bank of China and submitted to the State Council for approval.

Article 8 RMB shall be printed by specialized enterprises designated by the People's Bank of China.

Article 9 Enterprises that print RMB shall print RMB in accordance with the RMB quality standards and printing plans formulated by the People's Bank of China.

Article 10 Enterprises that print RMB shall surrender all qualified RMB products to the RMB issuance treasury of the People's Bank of China, and destroy all unqualified RMB products in accordance with the regulations of the People's Bank of China.

Chapter 2 Design and Printing Article 11 The original and original models for printing RMB shall be sealed by the People's Bank of China after use.

Article 12 Important matters such as special materials, technologies, processes, and special equipment for printing RMB shall be state secrets.

Enterprises and relevant personnel who print RMB shall keep state secrets; no unit or individual may provide them to the outside world without the approval of the People's Bank of China.

Article 13 Except for the enterprises designated by the People's Bank of China to print RMB, no unit or individual may develop, imitate, introduce, sell, purchase or use anti-counterfeiting materials, anti-counterfeiting technology, anti-counterfeiting technology and special equipment unique to printing RMB.

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Relevant management measures shall be formulated separately by the People's Bank of China.

Article 14 RMB sample currency is a standard sample for testing the printing quality of RMB and identifying the authenticity of RMB. It is printed by the enterprise that prints RMB in accordance with the regulations of the People's Bank of China.

The words "sample currency" should be printed on the RMB sample currency.

Chapter 3 Issuance and Recycling Article 15 Renminbi shall be issued uniformly by the People's Bank of China.

Article 16 The People's Bank of China shall submit to the State Council for approval when issuing a new version of RMB.

The People's Bank of China shall announce the issuance time, denomination, pattern, style, specifications, main colors, main features, etc. of the new version of RMB.

The People's Bank of China shall not pay the new version of RMB to financial institutions before the issuance announcement of the new version of RMB is released.

Article 17 If it is necessary to change the RMB printing materials, technology or process due to anti-counterfeiting or other reasons, the decision shall be made by the People's Bank of China.

The People's Bank of China shall announce the issuance time, denomination, main features, etc. of the revised RMB.

The People's Bank of China shall not pay the revised RMB to financial institutions before the issuance announcement of the revised RMB is released.

Article 18 The People's Bank of China may issue commemorative coins as needed.

Commemorative coins are limited-edition RMB with a specific theme, including ordinary commemorative coins and precious metal commemorative coins.

Article 19 The theme, denomination, design, material, style, specifications, issuance quantity, issuance time, etc. of commemorative coins shall be determined by the People's Bank of China; however, if the theme of commemorative coins involves major political or historical themes, it shall be reported to the State Council for approval.

The People's Bank of China shall announce the theme, denomination, design, material, style, specifications, issuance quantity, issuance time, etc. of the commemorative coins.

The People's Bank of China shall not pay commemorative coins to financial institutions before the issuance announcement of commemorative coins is released.

Article 20 The People's Bank of China shall establish a RMB issuance treasury and branch treasuries in its branches to be responsible for the safekeeping of RMB issuance funds.

The director of the RMB issuance treasury at all levels is served by the governor of the People's Bank of China at the same level.

The RMB issuance fund refers to the RMB that has not entered circulation and is stored in the RMB issuance library of the People's Bank of China.

The allocation of RMB issuance funds shall be handled in accordance with the regulations of the People's Bank of China.

No unit or individual may use RMB issuance funds in violation of regulations, or interfere with or hinder the allocation of RMB issuance funds.

Chapter 3 Issuance and Recycling Article 21 The suspension of circulation of a specific version of RMB shall be reported to the State Council for approval and announced by the People's Bank of China.

Financial institutions that handle RMB deposits and withdrawals shall, in accordance with the regulations of the People's Bank of China, collect RMB that has been stopped from circulation and deposit it with the local People's Bank of China.

The People's Bank of China shall not pay RMB that has ceased circulation to financial institutions, and financial institutions shall not make external payments in RMB that has ceased circulation.

Article 22 Financial institutions that handle RMB deposits and withdrawals shall, in accordance with the regulations of the People's Bank of China, exchange incomplete or stained RMB for the public free of charge, pick out the incomplete or stained RMB, and deposit it with the local People's Bank of China.

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