银行 翻译.doc

Law of the Peoples Republic of China on the Peoples Bank of China (Adopted at the Third Session of the Eighth National Peoples Congress on March 18,1995, promulgated by Order No. 46 of the President of the Peoples Republic of China on March 18, 1995, and effective as of the date of promulgation) General Provisions Article 1 This Law is enacted in order to define the status and functions of the Peoples Bank of China, ensure the correct formulation and implementation of the States monetary policies, establish and perfect a macro-control system through a central bank and strengthen supervision and control over the banking industry. Article 2 The Peoples Bank of China is the central bank of the Peoples Republic of China. The Peoples Bank of China shall, under the leadership of the State Council, formulate and implement monetary policies and exercise supervision and control over the banking industry. Article 3 The aim of monetary policies shall be to maintain the stability of the value of the currency and thereby promote economic growth. Article 4 The Peoples Bank of China shall perform the following functions: (1) to formulate and implement monetary policies in accordance with law; (2)to issue Renminbi(RMB) and control its circulation; (3)to examine, grant approval to, supervise and administer banking institutions in accordance with regulations; (4)to supervise and control the financial market in accordance with regulations; (5)to promulgate orders, rules and regulations concerning financial supervision and control and business operation; (6)to hold,administer and manage the State foreign exchange reserve and gold reserve; (7)to manage the State Treasury; (8)to maintain the normal operation of the systems for making payments and settling accounts; (9)to be responsible for statistics, investigation, analysis and forecasting concerning the banking industry; (10)to engage in relevant international banking operations in its capacity as the central bank of the State; an