Regulations of the People's Republic of China on Administration of Foreign-Funded Banks

(2006年11月11日中华人民共和国国务院令第478号公布　根据2014年7月29日《国务院关于修改部分行政法规的决定》第一次修订　根据2014年11月27日《国务院关于修改〈中华人民共和国外资银行管理条例〉的决定》第二次修订　根据2019年9月30日《国务院关于修改〈中华人民共和国外资保险公司管理条例〉和〈中华人民共和国外资银行管理条例〉的决定》第三次修订)

(Promulgated by Decree No. 478 of the State Council of the People's Republic of China on November 11, 2006; first revision in accordance with the Decision of the State Council on Amending Certain Administrative Regulations on July 29, 2014; second revision in accordance with the Decision of the State Council on Amending the Regulations of the People's Republic of China on Administration of Foreign-Funded Banks on November 27, 2014; third revision in accordance with the Decision of the State Council on Amending the Regulations of the People's Republic of China on Administration of Foreign-Funded Insurance Companies and the Regulations of the People's Republic of China on Administration of Foreign-Funded Banks on September 30, 2019)

为了适应对外开放和经济发展的需要，加强和完善对外资银行的监督管理，促进银行业的稳健运行，制定本条例。

These Regulations are formulated to meet the needs of opening up and economic development, to strengthen and improve the supervision and administration of foreign-funded banks, and to promote the sound operation of the banking industry.

本条例所称外资银行，是指依照中华人民共和国有关法律、法规，经批准在中华人民共和国境内设立的下列机构：

For the purposes of these Regulations, foreign-funded banks refer to the following institutions established within the territory of the People's Republic of China with approval in accordance with relevant laws and regulations of the People's Republic of China:

(一)1家外国银行单独出资或者1家外国银行与其他外国金融机构共同出资设立的外商独资银行；

(1) Wholly foreign-owned banks funded solely by one foreign bank or jointly by one foreign bank and other foreign financial institutions;

(二)外国金融机构与中国的公司、企业共同出资设立的中外合资银行；

(2) Sino-foreign joint venture banks funded jointly by foreign financial institutions and Chinese companies or enterprises;

(三)外国银行分行；

(3) Branches of foreign banks;

(四)外国银行代表处。

(4) Representative offices of foreign banks.

前款第一项至第三项所列机构，以下统称外资银行营业性机构。

The institutions listed in items (1) to (3) of the preceding paragraph are hereinafter collectively referred to as foreign-funded bank operating institutions.

本条例所称外国金融机构，是指在中华人民共和国境外注册并经所在国家或者地区金融监管当局批准或者许可的金融机构。

For the purposes of these Regulations, foreign financial institutions refer to financial institutions registered outside the People's Republic of China and approved or licensed by the financial regulatory authority of the country or region where they are located.

本条例所称外国银行，是指在中华人民共和国境外注册并经所在国家或者地区金融监管当局批准或者许可的商业银行。

For the purposes of these Regulations, foreign banks refer to commercial banks registered outside the People's Republic of China and approved or licensed by the financial regulatory authority of the country or region where they are located.

外资银行必须遵守中华人民共和国法律、法规，不得损害中华人民共和国的国家利益、社会公共利益。

Foreign-funded banks must comply with the laws and regulations of the People's Republic of China and shall not harm the national interests or public interests of the People's Republic of China.

外资银行的正当活动和合法权益受中华人民共和国法律保护。

The legitimate activities and lawful rights and interests of foreign-funded banks shall be protected by the laws of the People's Republic of China.

国务院银行业监督管理机构及其派出机构(以下统称银行业监督管理机构)负责对外资银行及其活动实施监督管理。法律、行政法规规定其他监督管理部门或者机构对外资银行及其活动实施监督管理的，依照其规定。

The banking regulatory authority of the State Council and its dispatched offices (hereinafter collectively referred to as the banking regulatory authorities) shall be responsible for the supervision and administration of foreign-funded banks and their activities. Where other supervisory authorities or institutions are provided by laws or administrative regulations to supervise and administer foreign-funded banks and their activities, such provisions shall apply.

国务院银行业监督管理机构根据国家区域经济发展战略及相关政策制定有关鼓励和引导的措施，报国务院批准后实施。

The banking regulatory authority of the State Council shall formulate relevant encouragement and guidance measures based on the national regional economic development strategy and related policies, and implement them after reporting to the State Council for approval.

设立外资银行及其分支机构，应当经银行业监督管理机构审查批准。

The establishment of a foreign-funded bank and its branches shall be subject to examination and approval by the banking regulatory authorities.

外商独资银行、中外合资银行的注册资本最低限额为10亿元人民币或者等值的自由兑换货币。注册资本应当是实缴资本。

The minimum registered capital for a wholly foreign-owned bank or a Sino-foreign joint venture bank shall be RMB 1 billion or an equivalent amount in a freely convertible currency. The registered capital shall be paid-in capital.

外商独资银行、中外合资银行在中华人民共和国境内设立的分行，应当由其总行无偿拨给人民币或者自由兑换货币的营运资金。外商独资银行、中外合资银行拨给各分支机构营运资金的总和，不得超过总行资本金总额的60%。

A branch established within the territory of the People's Republic of China by a wholly foreign-owned bank or a Sino-foreign joint venture bank shall be allocated operating funds in RMB or a freely convertible currency free of charge by its head office. The total operating funds allocated by a wholly foreign-owned bank or a Sino-foreign joint venture bank to its branches shall not exceed 60% of the total capital of the head office.

外国银行分行应当由其总行无偿拨给不少于2亿元人民币或者等值的自由兑换货币的营运资金。

A branch of a foreign bank shall be allocated operating funds of not less than RMB 200 million or an equivalent amount in a freely convertible currency free of charge by its head office.

国务院银行业监督管理机构根据外资银行营业性机构的业务范围和审慎监管的需要，可以提高注册资本或者营运资金的最低限额，并规定其中的人民币份额。

The banking regulatory authority of the State Council may raise the minimum amount of registered capital or operating funds and specify the RMB portion thereof based on the business scope of the foreign-funded bank operating institution and the needs of prudential supervision.

拟设外商独资银行、中外合资银行的股东或者拟设分行、代表处的外国银行应当具备下列条件：

The shareholders of a proposed wholly foreign-owned bank or Sino-foreign joint venture bank, or the foreign bank proposing to establish a branch or representative office, shall meet the following conditions:

(一)具有持续盈利能力，信誉良好，无重大违法违规记录；

(1) Having sustainable profitability, good reputation, and no record of major violations of laws or regulations;

(二)拟设外商独资银行的股东、中外合资银行的外方股东或者拟设分行、代表处的外国银行具有从事国际金融活动的经验；

(2) The shareholders of a proposed wholly foreign-owned bank, the foreign shareholders of a proposed Sino-foreign joint venture bank, or the foreign bank proposing to establish a branch or representative office shall have experience in international financial activities;

(三)具有有效的反洗钱制度；

(3) Having effective anti-money laundering systems;

(四)拟设外商独资银行的股东、中外合资银行的外方股东或者拟设分行、代表处的外国银行受到所在国家或者地区金融监管当局的有效监管，并且其申请经所在国家或者地区金融监管当局同意；

(4) The shareholders of a proposed wholly foreign-owned bank, the foreign shareholders of a proposed Sino-foreign joint venture bank, or the foreign bank proposing to establish a branch or representative office shall be subject to effective supervision by the financial regulatory authority of the country or region where they are located, and their application shall be approved by such financial regulatory authority;

(五)国务院银行业监督管理机构规定的其他审慎性条件。

(5) Other prudential conditions specified by the banking regulatory authority of the State Council.

拟设外商独资银行的股东、中外合资银行的外方股东或者拟设分行、代表处的外国银行所在国家或者地区应当具有完善的金融监督管理制度，并且其金融监管当局已经与国务院银行业监督管理机构建立良好的监督管理合作机制。

The country or region where the shareholders of a proposed wholly foreign-owned bank, the foreign shareholders of a proposed Sino-foreign joint venture bank, or the foreign bank proposing to establish a branch or representative office are located shall have a sound financial supervision and administration system, and its financial regulatory authority shall have established a good supervisory cooperation mechanism with the banking regulatory authority of the State Council.

拟设外商独资银行的股东应当为金融机构，除应当具备本条例第九条规定的条件外，其中唯一或者控股股东还应当具备下列条件：

The shareholders of a proposed wholly foreign-owned bank shall be financial institutions. In addition to meeting the conditions specified in Article 9 of these Regulations, the sole or controlling shareholder shall also meet the following conditions:

(一)为商业银行；

(1) Being a commercial bank;

(二)资本充足率符合所在国家或者地区金融监管当局以及国务院银行业监督管理机构的规定。

(2) The capital adequacy ratio shall comply with the provisions of the financial regulatory authority of the country or region where it is located and the banking regulatory authority of the State Council.

拟设中外合资银行的股东除应当具备本条例第九条规定的条件外，其中外方股东应当为金融机构，且外方唯一或者主要股东还应当具备下列条件：

In addition to meeting the conditions specified in Article 9 of these Regulations, the foreign shareholders of a proposed Sino-foreign joint venture bank shall be financial institutions, and the sole or principal foreign shareholder shall also meet the following conditions:

(一)为商业银行；

(1) Being a commercial bank;

(二)资本充足率符合所在国家或者地区金融监管当局以及国务院银行业监督管理机构的规定。

(2) The capital adequacy ratio shall comply with the provisions of the financial regulatory authority of the country or region where it is located and the banking regulatory authority of the State Council.

拟设分行的外国银行除应当具备本条例第九条规定的条件外，其资本充足率还应当符合所在国家或者地区金融监管当局以及国务院银行业监督管理机构的规定。

In addition to meeting the conditions specified in Article 9 of these Regulations, the foreign bank proposing to establish a branch shall also have a capital adequacy ratio that complies with the provisions of the financial regulatory authority of the country or region where it is located and the banking regulatory authority of the State Council.

外国银行在中华人民共和国境内设立营业性机构的，除已设立的代表处外，不得增设代表处，但符合国家区域经济发展战略及相关政策的地区除外。

A foreign bank that has established an operating institution within the territory of the People's Republic of China shall not establish additional representative offices, except in areas that meet the national regional economic development strategy and related policies, unless it has already established a representative office.

代表处经批准改制为营业性机构的，应当依法办理原代表处的注销登记手续。

If a representative office is restructured into an operating institution with approval, the cancellation registration procedures for the original representative office shall be handled in accordance with the law.

设立外资银行营业性机构，应当先申请筹建，并将下列申请资料报送拟设机构所在地的银行业监督管理机构：

To establish a foreign-funded bank operating institution, an application for preparation shall first be submitted, and the following application documents shall be submitted to the banking regulatory authority at the location of the proposed institution:

(一)申请书，内容包括拟设机构的名称、所在地、注册资本或者营运资金、申请经营的业务种类等；

(1) A written application, including the name, location, registered capital or operating funds, and types of business to be applied for of the proposed institution;

(二)可行性研究报告；

(2) A feasibility study report;

(三)拟设外商独资银行、中外合资银行的章程草案；

(3) A draft of the articles of association of the proposed wholly foreign-owned bank or Sino-foreign joint venture bank;

(四)拟设外商独资银行、中外合资银行各方股东签署的经营合同；

(4) The operating contract signed by the shareholders of the proposed wholly foreign-owned bank or Sino-foreign joint venture bank;

(五)拟设外商独资银行、中外合资银行的股东或者拟设分行的外国银行的章程；

(5) The articles of association of the shareholders of the proposed wholly foreign-owned bank or Sino-foreign joint venture bank, or of the foreign bank proposing to establish a branch;

(六)拟设外商独资银行、中外合资银行的股东或者拟设分行的外国银行及其所在集团的组织结构图、主要股东名单、海外分支机构和关联企业名单；

(6) The organizational structure chart, list of major shareholders, list of overseas branches and affiliated enterprises of the shareholders of the proposed wholly foreign-owned bank or Sino-foreign joint venture bank, or of the foreign bank proposing to establish a branch and its group;

(七)拟设外商独资银行、中外合资银行的股东或者拟设分行的外国银行最近3年的年报；

(7) The annual reports for the most recent three years of the shareholders of the proposed wholly foreign-owned bank or Sino-foreign joint venture bank, or of the foreign bank proposing to establish a branch;

(八)拟设外商独资银行、中外合资银行的股东或者拟设分行的外国银行的反洗钱制度；

(8) The anti-money laundering system of the shareholders of the proposed wholly foreign-owned bank or Sino-foreign joint venture bank, or of the foreign bank proposing to establish a branch;

(九)拟设外商独资银行的股东、中外合资银行的外方股东或者拟设分行的外国银行所在国家或者地区金融监管当局核发的营业执照或者经营金融业务许可文件的复印件及对其申请的意见书；

(9) A copy of the business license or license to engage in financial business issued by the financial regulatory authority of the country or region where the shareholders of the proposed wholly foreign-owned bank, the foreign shareholders of the proposed Sino-foreign joint venture bank, or the foreign bank proposing to establish a branch are located, and the opinion letter on the application;

(十)国务院银行业监督管理机构规定的其他资料。

(10) Other materials specified by the banking regulatory authority of the State Council.

拟设机构所在地的银行业监督管理机构应当将申请资料连同审核意见，及时报送国务院银行业监督管理机构。

The banking regulatory authority at the location of the proposed institution shall promptly submit the application documents together with its review opinions to the banking regulatory authority of the State Council.

国务院银行业监督管理机构应当自收到设立外资银行营业性机构完整的申请资料之日起6个月内作出批准或者不批准筹建的决定，并书面通知申请人。决定不批准的，应当说明理由。

The banking regulatory authority of the State Council shall, within six months from the date of receiving the complete application documents for the establishment of a foreign-funded bank operating institution, make a decision to approve or disapprove the preparation and notify the applicant in writing. If the decision is to disapprove, the reasons shall be stated.

特殊情况下，国务院银行业监督管理机构不能在前款规定期限内完成审查并作出批准或者不批准筹建决定的，可以适当延长审查期限，并书面通知申请人，但延长期限不得超过3个月。

Under special circumstances, if the banking regulatory authority of the State Council cannot complete the review and make a decision to approve or disapprove the preparation for establishment within the time limit specified in the preceding paragraph, it may appropriately extend the review period and notify the applicant in writing, but the extension shall not exceed three months.

申请人凭批准筹建文件到拟设机构所在地的银行业监督管理机构领取开业申请表。

The applicant shall, based on the document approving the preparation for establishment, obtain the application form for business commencement from the banking regulatory authority at the location of the proposed institution.

申请人应当自获准筹建之日起6个月内完成筹建工作。在规定期限内未完成筹建工作的，应当说明理由，经拟设机构所在地的银行业监督管理机构批准，可以延长3个月。在延长期内仍未完成筹建工作的，国务院银行业监督管理机构作出的批准筹建决定自动失效。

The applicant shall complete the preparation for establishment within six months from the date of approval. If the preparation is not completed within the prescribed time limit, reasons shall be provided, and with the approval of the banking regulatory authority at the location of the proposed institution, the period may be extended by three months. If the preparation is still not completed within the extended period, the approval decision for preparation for establishment made by the banking regulatory authority of the State Council shall automatically lapse.

经验收合格完成筹建工作的，申请人应当将填写好的开业申请表连同下列资料报送拟设机构所在地的银行业监督管理机构：

Upon completion of the preparation for establishment and passing inspection, the applicant shall submit the completed application form for business commencement together with the following documents to the banking regulatory authority at the location of the proposed institution:

(一)拟设机构的主要负责人名单及简历；

(1) List and resumes of the principal responsible persons of the proposed institution;

(二)对拟任该机构主要负责人的授权书；

(2) Letter of authorization for the proposed principal responsible person of the institution;

(三)法定验资机构出具的验资证明；

(3) Capital verification certificate issued by a statutory capital verification institution;

(四)安全防范措施和与业务有关的其他设施的资料；

(4) Materials on security measures and other facilities related to the business;

(五)设立分行的外国银行对该分行承担税务、债务的责任保证书；

(5) Letter of guarantee from the foreign bank establishing the branch undertaking the tax and debt liabilities of the branch;

(六)国务院银行业监督管理机构规定的其他资料。

(6) Other materials as prescribed by the banking regulatory authority of the State Council.

拟设机构所在地的银行业监督管理机构应当将申请资料连同审核意见，及时报送国务院银行业监督管理机构。

The banking regulatory authority at the location of the proposed institution shall promptly submit the application materials together with its review opinions to the banking regulatory authority of the State Council.

国务院银行业监督管理机构应当自收到完整的开业申请资料之日起2个月内，作出批准或者不批准开业的决定，并书面通知申请人。决定批准的，应当颁发金融许可证；决定不批准的，应当说明理由。

The banking regulatory authority of the State Council shall, within two months from the date of receiving the complete application materials for business commencement, make a decision to approve or disapprove the commencement of business and notify the applicant in writing. If the decision is to approve, a financial license shall be issued; if the decision is to disapprove, reasons shall be stated.

经批准设立的外资银行营业性机构，应当凭金融许可证向市场监督管理部门办理登记，领取营业执照。

An approved foreign-funded bank operating institution shall, based on the financial license, register with the market supervision and management department and obtain a business license.

设立外国银行代表处，应当将下列申请资料报送拟设代表处所在地的银行业监督管理机构：

To establish a representative office of a foreign bank, the following application materials shall be submitted to the banking regulatory authority at the location of the proposed representative office:

(一)申请书，内容包括拟设代表处的名称、所在地等；

(1) Application letter, including the name and location of the proposed representative office;

(二)可行性研究报告；

(2) Feasibility study report;

(三)申请人的章程；

(3) Articles of association of the applicant;

(四)申请人及其所在集团的组织结构图、主要股东名单、海外分支机构和关联企业名单；

(4) Organizational structure chart of the applicant and its group, list of major shareholders, and list of overseas branches and affiliated enterprises;

(五)申请人最近3年的年报；

(5) Annual reports of the applicant for the most recent three years;

(六)申请人的反洗钱制度；

(6) Anti-money laundering system of the applicant;

(七)拟任该代表处首席代表的身份证明和学历证明的复印件、简历以及拟任人有无不良记录的陈述书；

(7) Copies of identity certificate and academic certificate of the proposed chief representative of the representative office, resume, and a statement on whether the proposed person has any adverse records;

(八)对拟任该代表处首席代表的授权书；

(8) Letter of authorization for the proposed chief representative of the representative office;

(九)申请人所在国家或者地区金融监管当局核发的营业执照或者经营金融业务许可文件的复印件及对其申请的意见书；

(9) Copy of the business license or permit for engaging in financial business issued by the financial regulatory authority of the applicant's country or region, and its opinion letter on the application;

(十)国务院银行业监督管理机构规定的其他资料。

(10) Other materials as prescribed by the banking regulatory authority of the State Council.

拟设代表处所在地的银行业监督管理机构应当将申请资料连同审核意见，及时报送国务院银行业监督管理机构。

The banking regulatory authority at the location of the proposed representative office shall promptly submit the application materials together with its review opinions to the banking regulatory authority of the State Council.

国务院银行业监督管理机构应当自收到设立外国银行代表处完整的申请资料之日起6个月内作出批准或者不批准设立的决定，并书面通知申请人。决定不批准的，应当说明理由。

The banking regulatory authority of the State Council shall, within six months from the date of receiving the complete application materials for establishing a representative office of a foreign bank, make a decision to approve or disapprove the establishment and notify the applicant in writing. If the decision is to disapprove, reasons shall be stated.

经批准设立的外国银行代表处，应当凭批准文件向市场监督管理部门办理登记，领取外国企业常驻代表机构登记证。

An approved representative office of a foreign bank shall, based on the approval document, register with the market supervision and management department and obtain a registration certificate for resident representative offices of foreign enterprises.

本条例第十四条、第十七条、第二十条所列资料，除年报外，凡用外文书写的，应当附有中文译本。

For the materials listed in Articles 14, 17, and 20 of these Regulations, except for annual reports, if written in a foreign language, a Chinese translation shall be attached.

按照合法性、审慎性和持续经营原则，经国务院银行业监督管理机构批准，外国银行可以将其在中华人民共和国境内设立的分行改制为由其单独出资的外商独资银行。申请人应当按照国务院银行业监督管理机构规定的审批条件、程序、申请资料提出设立外商独资银行的申请。

In accordance with the principles of legality, prudence, and sustainable operation, with the approval of the banking regulatory authority of the State Council, a foreign bank may convert its branch established within the territory of the People's Republic of China into a wholly foreign-owned bank solely funded by it. The applicant shall submit an application for establishing a wholly foreign-owned bank in accordance with the approval conditions, procedures, and application materials prescribed by the banking regulatory authority of the State Council.

外国银行可以在中华人民共和国境内同时设立外商独资银行和外国银行分行，或者同时设立中外合资银行和外国银行分行。

A foreign bank may simultaneously establish a wholly foreign-owned bank and a foreign bank branch, or simultaneously establish a Sino-foreign joint venture bank and a foreign bank branch within the territory of the People's Republic of China.

外资银行董事、高级管理人员、首席代表的任职资格应当符合国务院银行业监督管理机构规定的条件，并经国务院银行业监督管理机构核准。

The qualifications of directors, senior management personnel, and chief representatives of foreign-funded banks shall meet the conditions prescribed by the banking regulatory authority of the State Council and shall be approved by the banking regulatory authority of the State Council.

外资银行有下列情形之一的，应当经国务院银行业监督管理机构批准，并按照规定提交申请资料，依法向市场监督管理部门办理有关登记：

A foreign-funded bank shall, under any of the following circumstances, obtain approval from the banking regulatory authority of the State Council, submit application materials as required, and undergo relevant registration with the market supervision and management department in accordance with the law:

(一)变更注册资本或者营运资金；

(1) Change of registered capital or operating funds;

(二)变更机构名称、营业场所或者办公场所；

(2) Change of institution name, business premises, or office premises;

(三)调整业务范围；

(3) Adjustment of business scope;

(四)变更股东或者调整股东持股比例；

(4) Change of shareholders or adjustment of shareholder shareholding ratios;

(五)修改章程；

(5) Amendment of articles of association;

(六)国务院银行业监督管理机构规定的其他情形。

(6) Other circumstances as prescribed by the banking regulatory authority of the State Council.

外资银行更换董事、高级管理人员、首席代表，应当报经国务院银行业监督管理机构核准其任职资格。

When a foreign-funded bank replaces directors, senior management personnel, or chief representatives, it shall report to the banking regulatory authority of the State Council for approval of their qualifications.

外商独资银行、中外合资银行变更股东的，变更后的股东应当符合本条例第九条、第十条或者第十一条关于股东的条件。

If a wholly foreign-owned bank or a Sino-foreign joint venture bank changes its shareholders, the shareholders after the change shall meet the conditions for shareholders as prescribed in Article 9, Article 10, or Article 11 of these Regulations.

外商独资银行、中外合资银行按照国务院银行业监督管理机构批准的业务范围，可以经营下列部分或者全部外汇业务和人民币业务：

A wholly foreign-owned bank or a Sino-foreign joint venture bank may, within the business scope approved by the banking regulatory authority of the State Council, engage in some or all of the following foreign exchange and RMB businesses:

(一)吸收公众存款；

(1) Absorbing public deposits;

(二)发放短期、中期和长期贷款；

(2) Granting short-term, medium-term, and long-term loans;

(三)办理票据承兑与贴现；

(3) Handling bill acceptance and discounting;

(四)代理发行、代理兑付、承销政府债券；

(4) Acting as agent for issuance, agent for payment, and underwriting of government bonds;

(五)买卖政府债券、金融债券，买卖股票以外的其他外币有价证券；

(5) Buying and selling government bonds and financial bonds, and buying and selling other foreign currency securities other than stocks;

(六)提供信用证服务及担保；

(6) Providing letter of credit services and guarantees;

(七)办理国内外结算；

(7) Handling domestic and international settlement;

(八)买卖、代理买卖外汇；

(8) Buying, selling, and acting as agent for buying and selling foreign exchange;

(九)代理收付款项及代理保险业务；

(9) Agency receipt and payment and agency insurance business;

(十)从事同业拆借；

(10) Engaging in interbank lending;

(十一)从事银行卡业务；

(11) Engaging in bank card business;

(十二)提供保管箱服务；

(12) Providing safe deposit box services;

(十三)提供资信调查和咨询服务；

(13) Providing credit investigation and consulting services;

(十四)经国务院银行业监督管理机构批准的其他业务。

(14) Other businesses approved by the banking regulatory authority of the State Council.

外商独资银行、中外合资银行经中国人民银行批准，可以经营结汇、售汇业务。

Wholly foreign-funded banks and Sino-foreign joint venture banks may, with the approval of the People's Bank of China, engage in foreign exchange settlement and sale business.

外商独资银行、中外合资银行的分支机构在总行授权范围内开展业务，其民事责任由总行承担。

Branches of wholly foreign-funded banks and Sino-foreign joint venture banks shall conduct business within the scope authorized by their head offices, and their civil liability shall be borne by the head office.

外国银行分行按照国务院银行业监督管理机构批准的业务范围，可以经营下列部分或者全部外汇业务以及对除中国境内公民以外客户的人民币业务：

Foreign bank branches may, within the business scope approved by the banking regulatory authority of the State Council, operate all or part of the following foreign exchange businesses and RMB businesses for customers other than Chinese domestic residents:

(一)吸收公众存款；

(1) Absorbing public deposits;

(二)发放短期、中期和长期贷款；

(2) Granting short-term, medium-term and long-term loans;

(三)办理票据承兑与贴现；

(3) Handling bill acceptance and discount;

(四)代理发行、代理兑付、承销政府债券；

(4) Acting as agent for issuance, agent for payment, and underwriting of government bonds;

(五)买卖政府债券、金融债券，买卖股票以外的其他外币有价证券；

(5) Buying and selling government bonds and financial bonds, and buying and selling other foreign currency securities other than stocks;

(六)提供信用证服务及担保；

(6) Providing letter of credit services and guarantees;

(七)办理国内外结算；

(7) Handling domestic and international settlement;

(八)买卖、代理买卖外汇；

(8) Buying, selling, and acting as agent for buying and selling foreign exchange;

(九)代理收付款项及代理保险业务；

(9) Agency receipt and payment and agency insurance business;

(十)从事同业拆借；

(10) Engaging in interbank lending;

(十一)提供保管箱服务；

(11) Providing safe deposit box services;

(十二)提供资信调查和咨询服务；

(12) Providing credit investigation and consulting services;

(十三)经国务院银行业监督管理机构批准的其他业务。

(13) Other businesses approved by the banking regulatory authority of the State Council.

外国银行分行可以吸收中国境内公民每笔不少于50万元人民币的定期存款。

Foreign bank branches may absorb fixed deposits of not less than RMB 500,000 per transaction from Chinese domestic residents.

外国银行分行经中国人民银行批准，可以经营结汇、售汇业务。

Foreign bank branches may, with the approval of the People's Bank of China, engage in foreign exchange settlement and sale business.

外国银行分行及其分支机构的民事责任由其总行承担。

The civil liability of a foreign bank branch and its sub-branches shall be borne by its head office.

外国银行代表处可以从事与其代表的外国银行业务相关的联络、市场调查、咨询等非经营性活动。

A representative office of a foreign bank may engage in non-operational activities such as liaison, market research, and consulting related to the business of the foreign bank it represents.

外国银行代表处的行为所产生的民事责任，由其所代表的外国银行承担。

The civil liability arising from the acts of a representative office of a foreign bank shall be borne by the foreign bank it represents.

外资银行营业性机构经营本条例第二十九条或者第三十一条规定业务范围内的人民币业务的，应当符合国务院银行业监督管理机构规定的审慎性要求。

A foreign-funded bank operating institution that engages in RMB business within the scope of business specified in Article 29 or Article 31 of these Regulations shall meet the prudential requirements prescribed by the banking regulatory authority of the State Council.

外资银行营业性机构应当按照有关规定，制定本行的业务规则，建立、健全风险管理和内部控制制度，并遵照执行。

A foreign-funded bank operating institution shall, in accordance with relevant regulations, formulate its own business rules, establish and improve risk management and internal control systems, and comply with them.

外资银行营业性机构应当遵守国家统一的会计制度和国务院银行业监督管理机构有关信息披露的规定。

A foreign-funded bank operating institution shall comply with the unified accounting system of the state and the regulations of the banking regulatory authority of the State Council on information disclosure.

外资银行营业性机构举借外债，应当按照国家有关规定执行。

A foreign-funded bank operating institution that borrows foreign debts shall do so in accordance with the relevant regulations of the state.

外资银行营业性机构应当按照有关规定确定存款、贷款利率及各种手续费率。

A foreign-funded bank operating institution shall determine deposit and loan interest rates and various service fee rates in accordance with relevant regulations.

外资银行营业性机构经营存款业务，应当按照中国人民银行的规定交存存款准备金。

A foreign-funded bank operating institution that engages in deposit business shall deposit a deposit reserve in accordance with the regulations of the People's Bank of China.

外商独资银行、中外合资银行应当遵守《中华人民共和国商业银行法》关于资产负债比例管理的规定。外国银行分行变更的由其总行单独出资的外商独资银行以及本条例施行前设立的外商独资银行、中外合资银行，其资产负债比例不符合规定的，应当在国务院银行业监督管理机构规定的期限内达到规定要求。

Wholly foreign-funded banks and Sino-foreign joint venture banks shall comply with the provisions of the Commercial Banking Law of the People's Republic of China on asset-liability ratio management. For a wholly foreign-funded bank converted from a foreign bank branch with sole investment by its head office, and for wholly foreign-funded banks and Sino-foreign joint venture banks established before the implementation of these Regulations, if their asset-liability ratios do not meet the requirements, they shall meet the requirements within the time limit prescribed by the banking regulatory authority of the State Council.

国务院银行业监督管理机构可以要求风险较高、风险管理能力较弱的外商独资银行、中外合资银行提高资本充足率。

The banking regulatory authority of the State Council may require wholly foreign-funded banks and Sino-foreign joint venture banks with higher risk and weaker risk management capabilities to increase their capital adequacy ratios.

外资银行营业性机构应当按照规定计提呆账准备金。

A foreign-funded bank operating institution shall set aside loan loss reserves in accordance with regulations.

外商独资银行、中外合资银行应当遵守国务院银行业监督管理机构有关公司治理的规定。

Wholly foreign-funded banks and Sino-foreign joint venture banks shall comply with the regulations of the banking regulatory authority of the State Council on corporate governance.

外商独资银行、中外合资银行应当遵守国务院银行业监督管理机构有关关联交易的规定。

Wholly foreign-funded banks and Sino-foreign joint venture banks shall comply with the regulations of the banking regulatory authority of the State Council on related-party transactions.

外国银行分行应当按照国务院银行业监督管理机构的规定，持有一定比例的生息资产。

A foreign bank branch shall hold a certain proportion of interest-bearing assets in accordance with the regulations of the banking regulatory authority of the State Council.

外国银行分行营运资金加准备金等项之和中的人民币份额与其人民币风险资产的比例不得低于8%。

The ratio of the RMB portion of the sum of operating funds plus reserves of a foreign bank branch to its RMB risk assets shall not be less than 8%.

资本充足率持续符合所在国家或者地区金融监管当局以及国务院银行业监督管理机构规定的外国银行，其分行不受前款规定的限制。

A foreign bank whose capital adequacy ratio continuously meets the requirements of the financial regulatory authority of its home country or region and the banking regulatory authority of the State Council, its branch shall not be subject to the restriction of the preceding paragraph.

国务院银行业监督管理机构可以要求风险较高、风险管理能力较弱的外国银行分行提高本条第一款规定的比例。

The banking regulatory authority of the State Council may require a foreign bank branch with higher risk and weaker risk management capabilities to increase the ratio specified in the first paragraph of this Article.

外国银行分行应当确保其资产的流动性。流动性资产余额与流动性负债余额的比例不得低于25%。

A foreign bank branch shall ensure the liquidity of its assets. The ratio of liquid asset balance to liquid liability balance shall not be less than 25%.

外国银行分行境内本外币资产余额不得低于境内本外币负债余额。

The balance of domestic assets in local and foreign currencies of a foreign bank branch shall not be less than the balance of domestic liabilities in local and foreign currencies.

在中华人民共和国境内设立2家及2家以上分行的外国银行，应当授权其中1家分行对其他分行实施统一管理。

A foreign bank that has established two or more branches within the territory of the People's Republic of China shall authorize one of its branches to exercise unified management over the other branches.

国务院银行业监督管理机构对外国银行在中华人民共和国境内设立的分行实行合并监管。

The banking regulatory authority of the State Council shall implement consolidated supervision over the branches established by a foreign bank within the territory of the People's Republic of China.

外资银行营业性机构应当按照国务院银行业监督管理机构的有关规定，向其所在地的银行业监督管理机构报告跨境大额资金流动和资产转移情况。

A foreign-funded bank operating institution shall, in accordance with the relevant regulations of the banking regulatory authority of the State Council, report to the local banking regulatory authority on cross-border large-amount fund flows and asset transfers.

国务院银行业监督管理机构根据外资银行营业性机构的风险状况，可以依法采取责令暂停部分业务、责令撤换高级管理人员等特别监管措施。

The banking regulatory authority of the State Council may, based on the risk status of a foreign-funded bank operating institution, take special supervisory measures such as ordering the suspension of part of its business or ordering the removal of senior management personnel in accordance with the law.

外资银行营业性机构应当聘请在中华人民共和国境内依法设立的会计师事务所对其财务会计报告进行审计，并应当向其所在地的银行业监督管理机构报告。解聘会计师事务所的，应当说明理由。

A foreign-funded bank operating institution shall engage an accounting firm established within the territory of the People's Republic of China in accordance with the law to audit its financial accounting reports, and shall report to the local banking regulatory authority. If it dismisses the accounting firm, it shall state the reasons.

外资银行营业性机构应当按照规定向银行业监督管理机构报送财务会计报告、报表和有关资料。

A foreign-funded bank business institution shall, in accordance with regulations, submit financial accounting reports, statements, and relevant materials to the banking regulatory authority.

外国银行代表处应当按照规定向银行业监督管理机构报送资料。

A representative office of a foreign bank shall, in accordance with regulations, submit materials to the banking regulatory authority.

外资银行应当接受银行业监督管理机构依法进行的监督检查，不得拒绝、阻碍。

A foreign-funded bank shall accept supervision and inspection conducted by the banking regulatory authority in accordance with the law, and shall not refuse or obstruct such supervision and inspection.

外商独资银行、中外合资银行应当设置独立的内部控制系统、风险管理系统、财务会计系统、计算机信息管理系统。

A wholly foreign-owned bank or a Sino-foreign joint venture bank shall establish an independent internal control system, risk management system, financial accounting system, and computer information management system.

外国银行在中华人民共和国境内设立的外商独资银行、中外合资银行的董事长、高级管理人员和外国银行分行的高级管理人员不得相互兼职。

The chairman of the board, senior management personnel of a wholly foreign-owned bank or a Sino-foreign joint venture bank established by a foreign bank within the territory of the People's Republic of China, and the senior management personnel of a branch of a foreign bank shall not hold concurrent positions with each other.

外国银行在中华人民共和国境内设立的外商独资银行、中外合资银行与外国银行分行之间进行的交易必须符合商业原则，交易条件不得优于与非关联方进行交易的条件。外国银行对其在中华人民共和国境内设立的外商独资银行与外国银行分行之间的资金交易，应当提供全额担保。

Transactions between a wholly foreign-owned bank or a Sino-foreign joint venture bank established by a foreign bank within the territory of the People's Republic of China and a branch of a foreign bank must comply with the arm's length principle, and the transaction conditions shall not be more favorable than those with non-related parties. A foreign bank shall provide full guarantee for fund transactions between its wholly foreign-owned bank established within the territory of the People's Republic of China and its branch.

外国银行代表处及其工作人员，不得从事任何形式的经营性活动。

A representative office of a foreign bank and its staff shall not engage in any form of operational activities.

外资银行营业性机构自行终止业务活动的，应当在终止业务活动30日前以书面形式向国务院银行业监督管理机构提出申请，经审查批准予以解散或者关闭并进行清算。

If a foreign-funded bank business institution voluntarily terminates its business activities, it shall submit a written application to the banking regulatory authority of the State Council 30 days prior to the termination of business activities. Upon examination and approval, it shall be dissolved or closed and undergo liquidation.

外资银行营业性机构已经或者可能发生信用危机，严重影响存款人和其他客户合法权益的，国务院银行业监督管理机构可以依法对该外资银行营业性机构实行接管或者促成机构重组。

If a foreign-funded bank business institution has or may have a credit crisis that seriously affects the legitimate rights and interests of depositors and other clients, the banking regulatory authority of the State Council may, in accordance with the law, take over the foreign-funded bank business institution or facilitate its restructuring.

外资银行营业性机构因解散、关闭、依法被撤销或者宣告破产而终止的，其清算的具体事宜，依照中华人民共和国有关法律、法规的规定办理。

If a foreign-funded bank business institution terminates due to dissolution, closure, revocation according to law, or declaration of bankruptcy, the specific matters of its liquidation shall be handled in accordance with the relevant laws and regulations of the People's Republic of China.

外资银行营业性机构清算终结，应当在法定期限内向原登记机关办理注销登记。

Upon completion of liquidation, a foreign-funded bank business institution shall, within the statutory time limit, go through the cancellation of registration with the original registration authority.

外国银行代表处自行终止活动的，应当经国务院银行业监督管理机构批准予以关闭，并在法定期限内向原登记机关办理注销登记。

If a representative office of a foreign bank voluntarily terminates its activities, it shall be closed upon approval by the banking regulatory authority of the State Council, and shall go through the cancellation of registration with the original registration authority within the statutory time limit.

未经国务院银行业监督管理机构审查批准，擅自设立外资银行或者非法从事银行业金融机构的业务活动的，由国务院银行业监督管理机构予以取缔，自被取缔之日起5年内，国务院银行业监督管理机构不受理该当事人设立外资银行的申请；构成犯罪的，依法追究刑事责任；尚不构成犯罪的，由国务院银行业监督管理机构没收违法所得，违法所得50万元以上的，并处违法所得1倍以上5倍以下罚款；没有违法所得或者违法所得不足50万元的，处50万元以上200万元以下罚款。

If a foreign-funded bank is established without examination and approval by the banking regulatory authority of the State Council, or if business activities of a banking financial institution are illegally engaged in, the banking regulatory authority of the State Council shall ban it. Within five years from the date of the ban, the banking regulatory authority of the State Council shall not accept the application of the party concerned for establishing a foreign-funded bank. If the act constitutes a crime, criminal liability shall be pursued according to law. If it does not constitute a crime, the banking regulatory authority of the State Council shall confiscate the illegal gains. If the illegal gains are more than 500,000 yuan, a fine of not less than one time but not more than five times the illegal gains shall be imposed. If there are no illegal gains or the illegal gains are less than 500,000 yuan, a fine of not less than 500,000 yuan but not more than 2 million yuan shall be imposed.

外资银行营业性机构有下列情形之一的，由国务院银行业监督管理机构责令改正，没收违法所得，违法所得50万元以上的，并处违法所得1倍以上5倍以下罚款；没有违法所得或者违法所得不足50万元的，处50万元以上200万元以下罚款；情节特别严重或者逾期不改正的，可以责令停业整顿或者吊销其金融许可证；构成犯罪的，依法追究刑事责任：

If a foreign-funded bank business institution falls under any of the following circumstances, the banking regulatory authority of the State Council shall order it to make corrections, confiscate the illegal gains. If the illegal gains are more than 500,000 yuan, a fine of not less than one time but not more than five times the illegal gains shall be imposed. If there are no illegal gains or the illegal gains are less than 500,000 yuan, a fine of not less than 500,000 yuan but not more than 2 million yuan shall be imposed. If the circumstances are especially serious or if it fails to make corrections within the time limit, it may be ordered to suspend business for rectification or its financial license may be revoked. If the act constitutes a crime, criminal liability shall be pursued according to law:

(一)未经批准设立分支机构的；

(1) Establishing branches without approval;

(二)未经批准变更、终止的；

(2) Changing or terminating without approval;

(三)违反规定从事未经批准的业务活动的；

(3) Engaging in business activities without approval in violation of regulations;

(四)违反规定提高或者降低存款利率、贷款利率的。

(4) Raising or lowering deposit interest rates or loan interest rates in violation of regulations.

外资银行有下列情形之一的，由国务院银行业监督管理机构责令改正，处20万元以上50万元以下罚款；情节特别严重或者逾期不改正的，可以责令停业整顿、吊销其金融许可证、撤销代表处；构成犯罪的，依法追究刑事责任：

If a foreign-funded bank falls under any of the following circumstances, the banking regulatory authority of the State Council shall order it to make corrections and impose a fine of not less than 200,000 yuan but not more than 500,000 yuan. If the circumstances are especially serious or if it fails to make corrections within the time limit, it may be ordered to suspend business for rectification, its financial license may be revoked, or the representative office may be dissolved. If the act constitutes a crime, criminal liability shall be pursued according to law:

(一)未按照有关规定进行信息披露的；

(1) Failing to disclose information in accordance with relevant regulations;

(二)拒绝或者阻碍银行业监督管理机构依法进行的监督检查的；

(2) Refusing or obstructing supervision and inspection conducted by the banking regulatory authority in accordance with the law;

(三)提供虚假的或者隐瞒重要事实的财务会计报告、报表或者有关资料的；

(3) Providing false financial accounting reports, statements, or relevant materials, or concealing material facts;

(四)隐匿、损毁监督检查所需的文件、证件、账簿、电子数据或者其他资料的；

(4) Concealing or destroying documents, certificates, account books, electronic data, or other materials required for supervision and inspection;

(五)未经任职资格核准任命董事、高级管理人员、首席代表的；

(5) Appointing directors, senior management personnel, or chief representatives without approval of qualifications;

(六)拒绝执行本条例第五十条规定的特别监管措施的。

(6) Refusing to implement the special supervisory measures stipulated in Article 50 of these Regulations.

外资银行营业性机构违反本条例有关规定，未按期报送财务会计报告、报表或者有关资料，或者未按照规定制定有关业务规则、建立健全有关管理制度的，由国务院银行业监督管理机构责令限期改正；逾期不改正的，处10万元以上30万元以下罚款。

If a foreign-funded bank business institution violates the relevant provisions of these Regulations by failing to submit financial accounting reports, statements, or relevant materials on time, or failing to formulate relevant business rules or establish relevant management systems in accordance with regulations, the banking regulatory authority of the State Council shall order it to make corrections within a specified time limit. If it fails to make corrections within the time limit, a fine of not less than 100,000 yuan but not more than 300,000 yuan shall be imposed.

外资银行营业性机构违反本条例第四章有关规定从事经营或者严重违反其他审慎经营规则的，由国务院银行业监督管理机构责令改正，处20万元以上50万元以下罚款；情节特别严重或者逾期不改正的，可以责令停业整顿或者吊销其金融许可证。

If a foreign-funded bank business institution engages in business in violation of the relevant provisions of Chapter IV of these Regulations or seriously violates other prudent operation rules, the banking regulatory authority of the State Council shall order it to make corrections and impose a fine of not less than 200,000 yuan but not more than 500,000 yuan. If the circumstances are especially serious or if it fails to make corrections within the time limit, it may be ordered to suspend business for rectification or its financial license may be revoked.

外资银行营业性机构违反本条例规定，国务院银行业监督管理机构除依照本条例第六十三条至第六十七条规定处罚外，还可以区别不同情形，采取下列措施：

If a foreign-funded bank business institution violates the provisions of these Regulations, in addition to the penalties imposed under Articles 63 to 67 of these Regulations, the banking regulatory authority of the State Council may also, depending on the circumstances, take the following measures:

(一)责令外资银行营业性机构撤换直接负责的董事、高级管理人员和其他直接责任人员；

(1) Order the foreign-funded bank business institution to remove the directly responsible directors, senior management personnel, and other directly responsible persons;

(二)外资银行营业性机构的行为尚不构成犯罪的，对直接负责的董事、高级管理人员和其他直接责任人员给予警告，并处5万元以上50万元以下罚款；

(2) If the act of the foreign-funded bank business institution does not constitute a crime, issue a warning to the directly responsible directors, senior management personnel, and other directly responsible persons, and impose a fine of not less than 50,000 yuan but not more than 500,000 yuan;

(三)取消直接负责的董事、高级管理人员一定期限直至终身在中华人民共和国境内的任职资格，禁止直接负责的董事、高级管理人员和其他直接责任人员一定期限直至终身在中华人民共和国境内从事银行业工作。

(3) Disqualify the directly responsible directors and senior management personnel from holding positions within the territory of the People's Republic of China for a certain period up to life, and prohibit the directly responsible directors, senior management personnel, and other directly responsible persons from engaging in banking work within the territory of the People's Republic of China for a certain period up to life.

外国银行代表处违反本条例规定，从事经营性活动的，由国务院银行业监督管理机构责令改正，给予警告，没收违法所得，违法所得50万元以上的，并处违法所得1倍以上5倍以下罚款；没有违法所得或者违法所得不足50万元的，处50万元以上200万元以下罚款；情节严重的，由国务院银行业监督管理机构予以撤销；构成犯罪的，依法追究刑事责任。

If a representative office of a foreign bank violates the provisions of these Regulations by engaging in operational activities, the banking regulatory authority of the State Council shall order it to make corrections, issue a warning, confiscate the illegal gains. If the illegal gains are more than 500,000 yuan, a fine of not less than one time but not more than five times the illegal gains shall be imposed. If there are no illegal gains or the illegal gains are less than 500,000 yuan, a fine of not less than 500,000 yuan but not more than 2 million yuan shall be imposed. If the circumstances are serious, the banking regulatory authority of the State Council shall dissolve it. If the act constitutes a crime, criminal liability shall be pursued according to law.

外国银行代表处有下列情形之一的，由国务院银行业监督管理机构责令改正，给予警告，并处10万元以上30万元以下罚款；情节严重的，取消首席代表一定期限在中华人民共和国境内的任职资格或者要求其代表的外国银行撤换首席代表；情节特别严重的，由国务院银行业监督管理机构予以撤销：

If a representative office of a foreign bank falls under any of the following circumstances, the banking regulatory authority of the State Council shall order it to make corrections, issue a warning, and impose a fine of not less than 100,000 yuan but not more than 300,000 yuan. If the circumstances are serious, the chief representative may be disqualified from holding a position within the territory of the People's Republic of China for a certain period, or the foreign bank it represents may be required to replace the chief representative. If the circumstances are especially serious, the banking regulatory authority of the State Council shall dissolve it:

(一)未经批准变更办公场所的；

(1) Changing the office premises without approval;

(二)未按照规定向国务院银行业监督管理机构报送资料的；

(2) Failing to submit materials to the banking regulatory authority of the State Council in accordance with regulations;

(三)违反本条例或者国务院银行业监督管理机构的其他规定的。

(3) Violating these Regulations or other provisions of the banking regulatory authority of the State Council.

外资银行违反中华人民共和国其他法律、法规的，由有关主管机关依法处理。

If a foreign-funded bank violates other laws or regulations of the People's Republic of China, the relevant competent authority shall handle it according to law.

香港特别行政区、澳门特别行政区和台湾地区的金融机构在内地(大陆)设立的银行机构，比照适用本条例。国务院另有规定的，依照其规定。

Banking institutions established in the mainland (China) by financial institutions from the Hong Kong Special Administrative Region, the Macao Special Administrative Region, and the Taiwan region shall be governed by these Regulations mutatis mutandis. If the State Council has other provisions, those provisions shall prevail.

本条例自2006年12月11日起施行。2001年12月20日国务院公布的《中华人民共和国外资金融机构管理条例》同时废止。

These Regulations shall come into force as of December 11, 2006. The Regulations of the People's Republic of China on Administration of Foreign-Funded Financial Institutions promulgated by the State Council on December 20, 2001 shall be repealed simultaneously.