The issuing bank is the national treasury, which mainly keeps issuing funds.

the RMB issuance fund, also known as the national issuance fund or the RMB issuance reserve fund, refers to the RMB that has not entered the circulation field, and its existing form is the finished RMB products preserved in the issuance warehouse. The RMB issuance fund is under the unified control of the head office of the People's Bank of China.

the RMB issuance fund refers to the RMB that has not entered circulation and is kept in the RMB issuance library of the People's Bank of China. The allocation of issuing funds refers to the business behavior of the People's Bank of China to dispatch issuing funds among issuing banks in the form of administrative orders according to the national cash injection plan and the needs of regional economic development.

branches of the people's bank of China need to prepare and report three kinds of issuance fund allocation plans: annual issuance fund allocation plan, annual issuance fund allocation adjustment plan and monthly issuance fund allocation plan. They respectively reflect the calculation and revision of the overall demand for annual issuance funds in various regions.

as well as the implementation plans of all localities for applying for monthly transfer of issuing funds within the scope of the annual transfer plan issued by the Head Office. Among them, the focus of the annual plan is the forecast of currency delivery this year, the forecast of damaged RMB withdrawal this year, and the forecast of delivery before the Spring Festival of the following year. The issuance content is the type and amount of issuance funds applied for transfer.

The main differences between issuing funds in RMB and cash are:

1. Different nature. The issuance fund is a reserve fund for RMB issuance and a currency to be issued; And cash is the realistic currency that the country gives compulsory circulation by law.

2. Different ownership. The ownership of issuing funds belongs to the People's Bank of China, while the ownership of cash belongs to all social economic entities with cash income.

3. The value forms are different. The issuing fund is not a currency in circulation, so it cannot exercise the functions of money and act as a symbol of value; And cash is the currency in circulation, which exercises functions of money and acts as a symbol of value.

4. Different forms of exercise. The issuing fund is based on the allocation order issued by the superior issuing bank of China People's Bank. And cash is based on the needs of the holder, accompanied by the circulation of goods or the provision of services.