Law of the People's Republic of China on Commercial Banks

This paper presents the law issued by the Republic of China to protect the lawful rights and interests of commercial banks, depositors, and other clients. The law attempts to standardize the behavior of commercial banks, raise the quality of credit assets, strengthen supervision and control. It ensures the stable and sound operation of commercial banks, maintains financial order, and promotes the development of the socialist market economy.

The law covers:

• General provisions;
• Establishment and organizational structure of commercial banks;
• Protection of depositors;
• Basic rules for loans and other business operations;
• Financial affairs and accounting;
• Supervision and control;
• Assumption of control and termination;
• Legal liability; and
• Supplementary provisions.