Central bank legal system

Author: Wu Zhipan
Publisher:
Publish Date: 2005-11-01
Features: This book is published to commemorate the 10th anniversary of the promulgation of the "People's Bank of China Law of the People's Republic of China." It is highly necessary to summarize the legislative and law enforcement experience over the past decade. Based on the national strategy of governing the country by law, the central bank should have a relatively complete legal system and should also have a legal theory suitable for China's local experience. This book is a textbook written by Professor Wu Zhipan, a renowned expert in financial law at Peking University, for master's students in financial law. The book is organized by topic, providing detailed explanations on the history of the People's Bank of China, general principles and background of the law, the organizational structure of the central bank, the legal issues of the Renminbi, the legal issues of subsidiary currency, anti-money laundering legal issues, the prohibition of Renminbi "token certificates (cards)," the monetary policy tools of the central bank, central bank rediscounting, the central bank's management of the national treasury and clearing, the financial supervision of the People's Bank of China, restrictions on the business activities of the central bank, the international activities of the central bank, the financial and accounting management of the central bank, and legal liability. The book also provides an objective evaluation of the "People's Bank of China Law."