People's Bank of China Administration of Online Banking Services Tentative Measures

中国人民银行网上银行业务管理暂行办法

September 02, 2001 | BY

clpstaff &clp articles &

Promulgated: June 29 2001Effective: as of date of promulgationApplicability: The Measures apply to the various types of banking institutions whose establishment…

Clp Reference: 3600/01.06.29 Promulgated: 2001-06-29 Effective: 2001-06-29

Promulgated: June 29 2001
Effective: as of date of promulgation
Applicability: The Measures apply to the various types of banking institutions whose establishment in the People's Republic of China was approved by the People's Bank of China, including policy banks and wholly Chinese-owned commercial banks as well as equity joint venture banks, wholly foreign-owned banks and branches of foreign banks established pursuant to the PRC,
Administration of Foreign Investment Financial Institutions Regulations (Article 2).

Main contents: The Measures set out rules governing online banking services. These include the approval to enter the market and management of risks.
Related legislation: PRC, People's Bank of China Law, Mar 18 1995, CLP 1995 No.5 p23; PRC, Commercial Banking Law, May 10 1995, CLP 1995 No.5 p32 and PRC, Administration of Foreign Investment Financial Institutions Regulations, Feb 25 1994, CLP 1994 No.4 p21

clp reference:3600/01.06.29promulgated:2001-06-29effective:2001-06-29

This premium content is reserved for
China Law & Practice Subscribers.

  • A database of over 3,000 essential documents including key PRC legislation translated into English
  • A choice of newsletters to alert you to changes affecting your business including sector specific updates
  • Premium access to the mobile optimized site for timely analysis that guides you through China's ever-changing business environment
For enterprise-wide or corporate enquiries, please contact our experienced Sales Professionals at +44 (0)203 868 7546 or [email protected]