1. The Banknote Printing and Minting Corporation produces RMB products;

2. RMB products enter the RMB issuing bank of the People's Bank of China and become issuing funds;

3. The People's Bank of China will put the issuance fund into the business bank of the commercial bank as planned, and put it into the public through the counter of the business outlets of the commercial bank.

namely: RMB products → issuing funds → cash in circulation

Among them, RMB products: RMB banknotes, coins, ordinary commemorative coins and precious metal commemorative coins produced by China Banknote Printing and Minting Corporation entrusted by the Central Bank (People's Bank of China) that have not entered the issuing warehouse.

issuance fund: RMB that has not entered circulation and is kept in the RMB issuance warehouse of the People's Bank of China.