The currency issuance of the People's Bank of China is mainly realized through the cash receipt and payment business activities of ordinary banks. Commercial banks must open deposit accounts with the People's Bank of China. The People's Bank of China handles cash deposit and withdrawal business with commercial banks during business hours.
Article 17 of the Law of the People's Bank of China stipulates: "Renminbi shall be uniformly printed and issued by the People's Bank of China". Article 19 stipulates that no unit or individual may print or sell token tickets to replace RMB circulating in the market. "
Article 2 1 of the Law of the People's Bank of China stipulates: "The People's Bank of China shall set up RMB issuing banks and branches in its branches. The allocation of RMB issuance funds by sub-libraries shall be handled in accordance with the allocation instructions of the higher-level libraries. No unit or individual may use the issuance fund in violation of regulations. "