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

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 existence form is the RMB finished products preserved in the issuance library. The RMB issuance fund is managed by the head office of the People's Bank of China.

The RMB issuance fund refers to the RMB kept in the RMB issuance library of the People's Bank of China that has not entered the circulation. The allocation of issuance funds refers to the business behavior that the People's Bank of China dispatches issuance 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 compile three distribution plans: annual distribution plan, annual distribution adjustment plan and monthly distribution plan. Respectively reflect the calculation and revision of the overall demand for annual issuance funds in various regions.

And the implementation plan of applying for monthly transfer or transfer of issued funds in various places 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 the return of damaged RMB this year, and the forecast of delivery before the Spring Festival next year. The content of the issue is the type and amount of the issued funds applied for transfer.

The main differences between RMB issuing funds and cash are:

1, with different properties. The issuance fund is a reserve fund issued by RMB, which is the currency to be issued; And cash is the realistic currency that the country gives compulsory circulation through 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 and economic entities with cash income.

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

4. Different forms of exercise. The issuance of funds is based on the allocation instructions issued by the People's Bank of China, the superior issuing bank. Cash is based on the needs of the holder, accompanied by the circulation of goods or the provision of services.