Interpretation and Practical Guide to the Commercial Bank Law of the People's Republic of China

Author: Li Wengge, Editor-in-Chief
Publisher:
Publishing Date: 2004-01-01
Features: To adapt to the needs of China's financial system reform and address the significant challenges faced by the banking sector after China's entry into the World Trade Organization, especially to meet the requirements of reforming the bank regulatory system in China, it is necessary to revise the Commercial Bank Law of the People's Republic of China. In December 2003, the sixth session of the 10th National People's Congress Standing Committee amended the "Commercial Bank Law of the People's Republic of China." The revisions included strengthened regulatory measures for commercial banks and expanded the scope of business activities that commercial banks can engage in, such as buying and selling financial bonds and handling credit card services, to accommodate the reform and development needs of commercial banks. Based on a comprehensive collection and in-depth study of the relevant materials related to the amendment of the "Commercial Bank Law of the People's Republic of China," the author of this book has compiled it, and the colleagues who participated in the amendment of the law have conducted a thorough review of the entire book. The compilers hope that this book will help those engaged in banking regulatory work and those working in the banking system to understand the content of the amended Commercial Bank Law, especially to understand the legislative intent behind the amended provisions.