Administration of the Establishment of Same City Service Points by Commercial Banks Measures
商业银行设立同城营业网点管理办法
The People's Bank of China (PBOC) recently issued regulations that partly liberalize the set up of new bank sub-branches and cash points by commercial banks.
(Promulgated by the People's Bank of China on February 21 2002.)
(中国人民银行于二零零二年二月十一日发布。)
Article 1: These Measures are formulated in accordance with laws and regulations such as the PRC, Commercial Banking Law and the PRC, Administration of Foreign-funded Financial Institutions Regulations, in order to regulate the administration of the establishment of same city service points by commercial banks.
第一条为规范商业银行设立同城营业网点的管理, 根据《中华人民共和国商业银行法》、《中华人民共和国外资金融机构管理条例》等法律、法规，制定本办法。
Article 2: For the purposes of these Measures, the term "commercial banks" means wholly State-owned commercial banks, share system commercial banks, urban commercial banks, branches of foreign banks, wholly foreign-owned banks and Sino-foreign equity joint venture banks.
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