(Adopted at the 13th Meeting of the Standing Committee of the Eighth National
People's Congress on May 10, 1995, Promulgated by Decree No. 47 of the President
of the People's Republic of China on May 10, 1995)
第一章 總 則
ChapterI - General Provisions
ChapterII - Establishment and Organization of Commercial Banks
ChapterIII - Protections for the Depositors
ChapterIV - Basic Rules Governing Loans and Other Businesses
Article 1 This law is formulated to protect the legal rights and interests of
the commercial banks, depositors and other clients, standardize the behaviors of
the commercial banks, improve the quality of loan assets, strengthen the
supervision and management and thus ensure the sound and stable operations of
the commercial banks, safeguard financial order and promote the growth of
socialist market economy.
Article 2 Commercial banks referred to in this law are those enterprise legal
persons which are established to absorb public deposits, issue loans, arrange
settlement of accounts and engage in other businesses in accordance with this
law and the "Company Law of the People's Republic of China".
Article 3 Commercial banks may have the following businesses in part or in
(1) Absorb public deposits;
(2) Issue short-term, medium-term and long-term loans;
(3) Arrange settlement of both domestic and overseas accounts;
(4) Handle the discount of negotiable instruments;
(5) Issue financial bonds;
(6) Issue, cash and sell government bonds as agents;
(7) Buy and sell government bonds as agents;
(8) Do inter-bank lending and borrowing;
(9) Buy and sell per se or as agents foreign exchanges;
(10) Provide letter of credit (L/C) service and guarantee;
(11) Handle receipts and payments and insurance businesses as agents;
(12) Provide safe boxes; and
(13) Undertake other businesses approved by the People's Bank of China.
Business scopes of the banks are to be defined in the articles of association
of the banks and reported to the People's Bank of China for approval.
Article 4 Commercial banks should work under the principles of efficiency,
safety and fluid with full autonomy and full responsibility for their own risks,
profits and losses and self-restraint.
Commercial banks do business in accordance with laws free from any
interference by units and individuals.
Commercial banks undertake civil legal liabilities independently with their
all properties as legal persons.
Article 5 Commercial banks follow the principles of equality, voluntariness,
fair, faithfulness and credibility in their services to clients.
Article 6 Commercial banks should protect the legal rights and interests of
their depositors against encroachment by any unit and individual.
Article 7 In issuing loans, commercial banks should made reliable checks on
the creditibility of the borrowers, and provide the loans on guarantee to ensure
timely recovery of the loans.
Commercial banks are protected by law in duly recovery of principal and
interest of the loans they extended.
Article 8 Commercial banks should abide by relevant stipulations of laws and
administrative regulations in their businesses and must not do any harm to the
interests of the State and the society.
Article 9 Commercial banks should follow the principle of fair competition in
their business and should not be engaged in unfair competition.
Article 10 Commercial banks accept the supervision and administration of the
People's Bank of China in accordance with laws.
Chapter II Establishment and Organization of Commercial Banks
Article 11 The establishment of commercial banks should go through the process
of examination and approval by the People's Bank of China.
The minimum registered capital for setting up an urban cooperative commercial
bank is RMB 100 million yuan, and the minimum registered capital for setting up
a rural cooperative commercial bank is RMB 50 million yuan.
The registered capital should be the actually paid capital.
The People's Bank of China may readjust the amount of minimum registered
capital in accordance with the economic development, but the amount must not be
lower than that stipulated in the preceding clause.
Article 14 In application for setting up a commercial bank, the following
documents and data should be presented to the People's Bank of China:
(1) An application completed with the name, site, amount of registered
capital, and business scope of the commercial bank to be set up;
(2) A feasibility study report; and
(3) Other documents and data as stipulated by the People's Bank of China.
Article 15 Should an application for setting up a commercial bank have been
found in a accordance with the stipulations of Article 14 through examination,
the applicant should fill out an application form and present the following
documents and data:
(1) Draft articles of association;
(2) Credentials of the proposed senior management personnel;
(3) Certificate of capital issued by a legal capital inspection organ;
(4) List of names of shareholders and the amount of capital and number of
stocks they each shared;
(5) Credibility certificates and relevant data of the shareholders who hold
more than 10% of the registered capital;
(6) Business policy and plan;
(7) Data about the business site, safety and other relevant business
(8) Other documents and data as stipulated by the People's Bank of China.
Article 16 The People's Bank of China will issue a license to the commercial
bank which has been approved to be set up and the bank concerned should register
with the State Administration for Industry and Commerce and get the business
Article 17 The stipulations of the "Company Law of the People's Republic of
China" apply to the organizational forms and setups of the commercial banks.
If a commercial bank, which was set up before the promulgation of this law has
its organization form and setup not entirely in accordance with the stipulations
of the "Company Law of the People's Republic of China", it may continue to
operate under the original form and setup, and when the stipulations of the
preceding clause should be strictly applied is up to the decision of the State
Article 18 A solely State owned commercial bank should set up a board of
supervisors formed by representatives of the People's Bank of China and relevant
government departments and specialists and representatives of the Bank's
employees. The method of forming the board of supervisors is to be set by the
The board supervises over the quality of loan assets, proportion between
assets and liability, present and added values of the State assets, and the
bank's senior management personnel's violations of laws and administrative
regulations and their damages to the interests of the bank.
Article 19 Commercial banks may set up branches both inside and outside of the
People's Republic of China in accordance with the need of their business.
The establishment of branches must be made under the examination and approval
of the People's Bank of China.
Branches of the commercial banks inside the People's Republic of China have no
need to be set up in every administrative district.
The commercial banks should, according to relevant stipulations, allocate a
suitable amount of operation funds to their branches which are set up inside the
People's Republic of China.
The aggregate sum of operation funds allocated to the branches must not exceed
60% of the total capital of the headquarters of a commercial bank.
Article 20 For setting up a branch of the commercial bank, the following
documents and data should be presented to the People's Bank of China.
(1) An application clearly indicating the name, the amount of operational
capital, the business scope and the site of the branch to be set up;
(2) Financial and accounting statements of the applicant in the recent two
(3) The credentials of the proposed senior management personnel;
(4) Operational policies and plans;
(5) The business site, safety and other relevant business facilities of the
(6) Other documents and data as stipulated by the People's Bank of China.
Article 21 Upon its approval of setting up, a branch of a commercial bank
should get a license from the People's Bank of China and register itself with
the license with the department of industry and commerce to get the business
Article 22 A commercial bank should exercise a financial system of unified
accounting and fund control and level-to-level management in relevant to its
A branch of a commercial bank does not have the qualifications of a legal
person and thus shall operate within the business scope entrusted by the
headquarters of the commercial bank in accordance with law. Its civil
liabilities are to be undertaken by the headquarters.
Article 23 The approved establishment of the commercial banks and their
branches will be announced by the People's Bank of China.
The People's Bank of China will revoke the operation licenses of a commercial
bank or its branches and make an announcement of this if they fail to start
their business in more than six months as from the date of getting the business
licenses without justified reasons, or they stop their business for more than
six consecutive months after they start their business.
Article 24 A commercial bank should have the approval of the People's Bank of
China for one of the following changes:
(1) The change of its name;
(2) The change of its registered capital;
(3) The change of the site of the headquarters or branches;
(4) The readjustment of its business scope;
(5) The change of a shareholder who holds more than 10% of the total capital
or the total amount of stocks;
(6) The revision of articles of association; and
(7) Other changes as stipulated by the People's Bank of China.
The change of chairman (president) and general manager should be reported to
the People's Bank of China for an examination of their credentials.
Article 25 The separate and merge of commercial banks should follow the
stipulations of the " Company Law of the People's Republic of China".
The separate and merge of commercial banks should be made under the
examination and approval of the People's Bank of China.
Article 26 A commercial bank should use its operation license in accordance
with the stipulations of laws and administrative regulations and is forbidden to
falsify, fabricate, transfer, lease or lend the license.
Article 27 People involved in one of the following cases cannot be senior
(1) People who have been declared guilty or fined for corruption, bribery,
encroachment upon and embezzling property or undermining social economic order,
or those who have been deprived of political rights because of committing
(2) People who have been chairman of directors or factory director or manager
of a company or enterprise which has gone bankrupt because of poor management
and are held responsible for the bankruptcy themselves;
(3) People who have been legal representatives of companies or enterprises
whose business licenses had been revoked because of violations of laws and are
held responsible for this themselves; and
(4) People who owe comparatively large amount of debt which is overdue.
Article 28 Purchase of more than 10% of the total shares of a commercial bank
by any unit or individual should be made upon the approval of the People's Bank
of China in advance.
Article 30 A commercial bank has the right to refuse any unit or individual to
inquire about the deposits of any other unit except the cases as stipulated by
laws and administrative regulations; the commercial bank has the right to refuse
any unit or individual to freeze and deduct the deposits of any other unit
except the cases as stipulated by laws.
Article 31 A commercial bank should decide its own interest rates and announce
them in accordance with the upper and lower limits for deposit interest set by
the People's Bank of China.
Article 32 A commercial bank should pay a certain amount of deposit reserve
funds to the People's Bank of China and keep adequate payment funds in
accordance with the latter's stipulations.
Article 33 A commercial bank should guarantee the payment of the principal and
interest of the deposits and must not delay and refuse to pay the principal and
interest of the deposits.
Chapter IV Basic Rules Governing Loans and Other Businesses
Article 34 A commercial bank should issue loans in accordance with the need of
the national economy and social development and under the guidance of the State
Article 35 In issuing loans, a commercial bank should closely check the use of
the loan by the borrower, the repayment ability of the borrowers and the mode of
repayment of the loans.
For extending a loan, a commercial bank should clearly separate the process of
checking and actual lending and the lending should go through checking and
approval by various levels.
Article 36 A borrower should provide guarantee for commercial bank loans.
A commercial bank should strictly check the repayment ability of the
guarantors, the ownership and value of the mortgage and working assets and the
possibility of claims to them.
A borrower which has been proved having sure creditility for repayment through
checks and assessments by the commercial bank may not provide guarantee for the
Article 37 Upon a loan, the commercial bank and borrower concerned should
strike a written contract to clearly define the category, purpose, amount
interest rate, repayment period and mode of repayment of the loan, liabilities
in case of violating the contract and other stipulations which both sides deem
Article 38 A commercial bank should decide the interest rates of loans in
accordance with the upper and lower limits of loan interest set by the People's
Bank of China.
Article 39 A commercial bank should abide by the following stipulations in
ratio between assets and liabilities:
(1) Capital sufficiency rate must not be less than 8%;
(2) The ratio between the balance of loans and the balance of deposits must
not exceed 75%;
(3) The ratio between the balance of circulating assets and the balance of
circulating liabilities must not be lower than 25%;
(4) The ratio between the balance of loan of one borrower and the balance of
capital of the commercial bank must not exceed 10%; and
(5) Other stipulations of the People's Bank of China governing such ratios.
If a commercial bank which was set up before the promulgation of this law has
a ratio between assets and liabilities not in accordance with the stipulations
of the preceding clause it should readjust the ratio to suit the stipulations in
a certain period of time.
The specific methods for such an adjustment are to be decided by the State
Article 40 Commercial banks are not allowed to issue credit loans to people
who have connections with the bank and the conditions for issuing guaranteed
loans to people who have connections with the bank must not be more favorable
than those for such loans to other borrowers.
The people who have connections with the bank as referred to in the preceding
(1) The directors, supervisors, management personnel, credit loan business
dealers of the commercial bank and their close relatives; and
(2) Companies, enterprises and other economic organizations which have the
people mentioned in the preceding clause as investors or senior management
Article 41 No unit or individual is allowed to force the commercial banks to
issue loans or provide guarantees.
In other words the commercial banks have the rights to refuse any unit or body
to force it to do so.
The solely State owned commercial banks should issue loans to special projects
which have been approved by the State Council.
The State Council will adopt corresponding measures to make up for the losses
of the banks because of issuing the loans. To adopt what measures is up to the
decision of the State Council.
Article 42 Borrowers of loans should repay the principal and interest of the
loans on time.
If a borrower cannot repay the guaranteed loan on time, the commercial bank
which issues the loan has the right to ask the guarantor to repay the principal
and interest of the loan or enjoy the priority of repayment by security in
accordance with law.
Fixed assets or stocks obtained by a commercial bank in the course of
exercising the banks ownership of mortagage must be handled within one year as
of the date of obtaining them by the bank.
A borrower should undertake liabilities in accordance with the contract if
cannot repay the credit loan on time.
Article 43 Commercial banks are not allowed to make trust investment, trade in
shares or make investment in fixed assets of non-self use within the People's
Republic of China.
Commercial banks are not allowed to make investment in non-banking
institutions and enterprises within the People's Republic of China.
For investments in the kind made before the promulgation of this law the State
Council will work out rules to deal with them.
Article 44 In handling account settlement businesses such as honor, remittance
and trust acceptance negotiable instruments, a commercial bank should honor and
enter the receipts and payment into the account book within the set period of
time and must not hold down the bill or money order or return them in violating
The stipulations about the set period for honoring and entering the receipts
and payment into the account book should be announced.
Article 45 A commercial bank should have the approval for issuing monetary
bonds or for borrowing from overseas in accordance with laws and administrative
Article 46 Inter-bank lending should be made in accordance with the time limit
as set by the People's Bank of China, and the longest time limit should not be
more than four months.
It is forbidden to use the borrowed inter-bank funds to issue fixed assets
loans or to make investment.
Funds for inter-bank lending should be restricted to those idle funds after
fully paying the deposit reserve funds, standing funds and the due loans to the
People's Bank of China.
Funds borrowed from interbank lendings should be used for making up for the
settlement of the accounts, shortage of the inter-bank balance and the need of
temporary working funds.
Article 47 Commercial banks must not raise or lower interest rate as against
the stipulations or absorb deposits and issue loans through unjustified means.
Article 48 Enterprises and institutions can choose on their own will a
commercial bank to open their own basic accounts for daily transferance and
settlement of accounts and cash receipts and payment, but cannot open two or
more basic accounts.
No unit or individual is allowed to open a private account for the deposits of
the funds of a unit.
Article 49 The business hours of commercial banks should be convenient to
clients and should be publicly announced.
Commercial banks should be fully open to business within the announced
business hours and not to close or shorten the business hours on their own will.
Article 50 In handling business and providing services, a commercial bank will
charge service fees in accordance with the stipulations of the People's Bank of
Article 51 Commercial banks should keep financial accounting reports, business
contracts and other data in accordance with relevant State regulations.
Article 52 Employees of commercial banks should abide by laws and
administrative regulations and other operational rules and must not perform the
(1) Use their own position to ask for or accept bribery or accept commissons
or service charges under various titles in violation of State regulations;
(2) Use their own position to embezzle, divert and encroach upon the funds of
the banks and clients;
(3) Privately issue loans to or provide guarantee for relatives and friends in
violation of relative regulations;
(4) Serve concurrently in other economic organizations; and
(5) Engage in other behaviors that violate laws, administrative regulations
and rules governing business management.
Article 53 Employees of commercial banks must not leak the State and
commercial secrets they acquire during their term of service.
Article 54 Commercial banks should establish and improve their own financial
accounting system in accordance with laws, the unified accounting system
formulated by the State and the relevant stipulations of the People's Bank of
Article 55 Commercial banks should, in accordance with the relevant State
stipulations, truly record and totally report its business activities and
financial affairs, prepare its annual financial affairs report and timely send
the report to the People's Bank of China and Ministry of Finance.
Commercial banks must not set up other accounting books other than that set up
according to law.
Article 56 Commercial banks should publish their business and auditing reports
for the previous accounting fiscal year in accordance with the regulations of
the People's Bank of China within the last three months of every accounting
Article 57 Commercial banks should draw bad debt reserve funds to reverse the
bad debt in accordance with relevant State regulations.
Article 58 The accounting fiscal year of a commercial bank begins on January 1
and ends on December 31 of the Gregorian calendar.
Article 59 Commercial banks should, in accordance with the regulations of the
People's Bank of China, formulate their own business regulations and establish
and improve their operation, cash management and safety systems.
Article 60 Commercial banks should establish and improve their own auditing
and checking system on deposits, loans, account settling and bad debts.
Commercial banks should keep regular auditings, checkings and supervisions on
the work of their branches.
Article 61 Commercial banks should regularly send statements of assets and
liablities, losses and benefits and financilal accounting as well as other data
to the People's Bank of China.
Article 62 The People's Bank of China has the right to check and supervise the
deposits, loans, account settling and bad debts of the commercial banks at any
time in accordance with the stipulations of Chapters III, IV and V of this law.
During their work of checking and supervision the checkers and the supervisors
should present their legal certificates.
Commercial banks should provide financial accounting data, business contracts
and other information about its business and management in accordance with the
requirements of the People's Bank of China.
Article 63 Commercial bank should accept the auditing and supervision of the
auditing departments in accordance with laws.
Article 64 The People's Bank of China may take over a commercial bank whenever
a creditility crisis which would seriously affect the interests of the
depositors has happened or may happen.
The purpose of a take-over is to take necessary measures against the
commercial bank which is to be taken over to protect the interests of the
depositors, and restore the normal operation ability of the bank.
The right and liabilities of the taken-over bank will not change because of
Article 65 The People's Bank of China decides to organize and carry out the
take-over. The take-over decision should have the following contents:
(1) The name of the commercial bank which is to be taken over;
(2) The reason for the take-over;
(3) The organization to execute the take-over; and
(4) The time limit for the take-over.
The take-over decision will be published by the People's Bank of China.
Article 66 The take-over will begin at the date of execution of the take-over
The organization which executes the take-over will execute the business and
management power of the commercial bank beginning from the date of taking over.
Article 67 The People's Bank of China may decide to extend term of the
take-over upon its expiration but the term of extension cannot exceed two years.
Article 68 The take-over terminates in one of the following cases:
(1) The term set by the take-over decision expires or the extension of the
term decided by the People's Bank of China expires;
(2) The commercial bank concerned has restored its normal business ability
before the term of the take-over expires; and
(3) The commercial bank is emerged or declares bankrupt before the end of the
term of the take-over.
Article 69 A commercial bank should apply to the People's Bank of China for a
disbandment due to merger, seperation or reasons set in the Articles of
association of the bank and the application should be accompanied with the
reasons for the disbandment and the plan for balance settlement such as paying
the principal and interest of the deposits. And then the bank shall disband upon
approval of the People's Bank of China.
The commercial bank to be disbanded should set up a group for settling
accounts in accordance with laws and pay its debts such as the principal and
interest of deposits. The People's Bank of China shall supervise over the
Article 70 If a commercial bank is dismantled because of a revoke of its
business license, the People's Bank of China should, in accordance with law, set
up a group for settling accounts in time, and pay its debts such as the
principal and interest of deposits in time according to the plan for accounts
Article 71 If the commercial bank cannot pay the due debts, it will be
declared bankrupt by the people's court in accordance with law and with the
agreement of the People's Bank of China.
When a commercial bank is declared bankrupt, the people's court will organize
the People's Bank of China and other relevant departments to set up a group for
setting accounts with the bank.
While the bankrupt commercial bank is undergoing the process of account
settlement it should first pay the principal and interest of the individual
depositors after paying the fees for account settling, employees' wages and
labor insurance which are in arrears.
Article 72 Commercial banks should terminate their operations upon a
disbandment, dismantlement and bankruptcy.
Article 73 Whenever the appearance of one of the following cases that would do
harm to the property of the depositors and other clients occurs, commercial
banks concerned should undertake to pay the delayed interest and other civil
(1) The bank delays or refuses to pay the principal and interest of the
deposits without any reasons;
(2) The bank refuses to honor instruments, does not enter receipts and
payments into account book, holds down bills or instruments or returns the
instruments in violation of the stipulations governing account settling;
(3) The bank illegally inquires about, freezes or deducts deposits of
individuals or units; and
(4) Other behaviors of the bank that would violate the stipulations of this
law and do harm to the depositors and other clients.
Article 74 The People's Bank of China shall order a commercial bank to correct
one of the following cases, confiscate its illegal earnings if any and impose a
fine which is anything between one to five times the illegal earnings or between
RMB100, 000 yuan and 500, 000 yuan if no illegal earnings.
The People's Bank of China may order the bank to stop its business or revoke
its business license if the case is especially serious and the bank refuses to
correct within a set time; and criminal responsibilities will be affixed if the
case is so serious to constitute a crime:
(1) The bank issues financial bonds or borrows funds from overseas without
(2) The bank buys and sells government bonds or buys and sells and acts as an
agent to buy and sell foreign exchanges without approval;
(3) The bank is engaged in trust investment and stock business or invests in
fixed assets of non-self use within the country;
(4) The bank makes investment in non-banking financial institutions and
(5) The bank issues credit loans or guaranteed loans with better condition
than those to similar borrowers to people who have connections with the bank;
(6) The bank provides an accounting report that is fake or with important
facts held back;
(7) The bank refuses the auditing, checking and supervising of the People's
Bank of China, and
(8) The bank leases or lends out business license.
Article 75 The People's Bank of China shall order a commercial bank to correct
one of the cases stated in Article 73 of this law or one of the following cases,
and confiscates its illegal earnings if any and impose a fine which is one to
three times the illegal earnings, or impose a fine between RMB 50, 000 yuan and
300, 000 yuan if no illegal earnings:
(1) The bank does not pay the deposit reserve funds in accordance with the
proportion set by the People's Bank of China;
Article 76 Disciplinary actions shall be taken against the leading and other
personnel of a commercial bank who have direct responsibilities for the cases in
the preceding three articles; criminal responsibilities shall be affixed if the
case is so serious to constitute a crime.
Article 77 The People's Bank of China shall order the correction of one of the
following cases, and confiscate illegal earnings and impose a fine of one to
three times the illegal earnings, or between RMB 50, 000 yuan and 300, 000 yuan
if no illegal earning:
(1) The word "bank" is used in a title without approval;
(2) Purchase more than 10% of the total volume of the shares of a commercial
bank without approval; and
(3) Opening of a private account for the funds of a unit.
Article 78 The People's Bank of China shall order a commercial bank to correct
if it does not send relevant documents and data to the People's Bank of China in
accordance with relevant stipulations or violates the stipulations of Article 24
of this law and does not report the changes for approval; if it refuses to
correct within a set time, the People's Bank of China will impose a fine of
RMB10, 000 yuan to 100, 000 yuan against the commercial bank.
Article 79 Criminal responsibilities shall be affixed on those who set up a
commercial bank on their own without the approval of the People's Bank of China
or illegally absorb public deposits or absorb public deposits in a disguised
way; and the above actions shall be banned by the People's Bank of China.
Criminal responsibilities shall be affixed on those who fabricate, change and
transfer the business license of a commercial bank.
Article 80 If a borrower obtains loans by cheating and the case is so serious
as to constitute a crime, criminal responsibilities shall be affixed.
Article 81 Criminal responsibilities shall be affixed on employees of
commercial banks who, taking advantage of their own position, ask for and accept
bribery or violate State regulations to accept various forms of discount and
If loans or guarantees provided as mentioned in the preceding clause have
caused damages those who are responsible shall undertake the whole or part of
the responsibilities of repayment.
Article 82 Criminal responsibilities shall be affixed on employees of the
commercial banks who, by taking advantage of their own position, embezzle,
divert or encroach upon the funds of the bank or the clients and the cases are
so serious as to constitute a crime; and disciplinary action shall be taken
against those whose case does not constitute a crime.
Article 83 Disciplinary action shall be taken against employees of a
commercial bank who violate this law and are derelict of their duty, causing
damages; criminal responsibilities shall be affixed if the case is so serious as
to constitute a crime.
Those who cause damage because of issuing loans to or providing guarantee for
relatives and friends should undertake the whole or part of the responsibilities
Article 84 Disciplinary action shall be taken against employees of a
commercial bank who leak the State and commercial secrets they have accessed to
during their service; criminal responsibilities shall be affixed if the case is
so serious as to constitute a crime.
Article 85 Disciplinary action shall be taken against those who are directly
in charge or responsible for forcing commercial banks to issue loans or provide
guarantee; those who cause damages for the actions should undertake the whole or
part of the responsibilities of repayment.
Disciplinary action shall be taken against employees of a commercial bank who
do not refuse to provide forced loans or guarantees; those who cause damages for
the action should undertake relevant responsibilities of repayment.
Article 86 Upon refusal to the decisions of punishments by the People's Bank
of China, commercial banks and their employees may take the procedures to the
people's court in accordance with the " Administrative Procedure Law of the
People's Republic of China".
第九章 附 則
Chapter IX Supplementary Provisions
Article 87 Commercial banks which were set up with approval in accordance with
the regulations of the State Council need not go through the formalities of
check and approval before this law is promulgated.
Article 88 This law applies to the foreign-funded commercial banks,
Sino-foreign joint venture commercial banks and the branches of foreign
commercial banks in china, and if there are special laws and administrative
regualations governing them, they should follow such special laws and
Article 89 The relevant regulations of this law apply to both urban and rural
credit cooperative in their businesses such as handling deposits, issuing loans
and settling accounts.
Article 90 The relevant regulations of this law apply to the postal
enterprises in their postal deposits and remittance services.
Article 91 This law goes into force as of July 1, 1995.