Chinanews.com, August 23. According to the website of the People’s Bank of China, the People’s Bank of China, the State Administration for Market Regulation, and the State Administration of Foreign Exchange jointly issued a notice on the 23rd. Trading and related management regulations) (Draft for Solicitation of Comments)" for public comments.

Among them, it is proposed that imitation products that are similar to foreign currency specifications, patterns, colors, etc. shall not be bought and sold.

Data map: Bank staff is counting currency.

Photo by China News Agency reporter Zhang Yun

  According to the consultation draft, in order to regulate the trading of RMB paper coins (hereinafter referred to as RMB) and related commodities, strengthen supervision, and the State Administration for Business Market Supervision, combined with the current reality, the central bank’s regulatory document "The People’s Bank of China Implementing the "Notice of the General Office of the State Council on Prohibiting Illegal Trading of Renminbi" (Yinfa [1997] No. 399, hereinafter referred to as the "Notice") to be revised and announced in the form of a joint announcement by the People's Bank of China, the State Administration of Market Supervision, and the State Administration of Foreign Exchange, We now solicit public opinions from the public.

  The main contents of the "Notice" are as follows:

  (1) Clarify the scope of trading.

  The first is to clarify that RMB commemorative coins, renminbi that have ceased circulation, and renminbi binding products approved by the People’s Bank of China before the cancellation of the "bound and circulating renminbi approval" can be bought and sold, and circulating renminbi other than ordinary commemorative coins (hereinafter referred to as renminbi in circulation) cannot be bought and sold. .

At the same time, the requirement that "ordinary commemorative coins are only allowed to be exchanged for equivalent value within one year from the date of issuance" has been abolished.

  The second is to clarify the nature of products such as commemorative badges, commemorative coupons, and commemorative gold, and put forward requirements in terms of naming, publicity, and themes.

  The third is to regulate the purchase and promotion of foreign currencies as commodities in China, and it is clear that imitation products that are similar to the specifications, patterns, and colors of foreign currencies are not allowed to be bought and sold.

  (2) Clarify the basic principles of trading.

It is clear that the price of buying and selling transactions should follow the laws of market supply and demand, and be honest and trustworthy; it is required not to speculate concepts such as the wrong version of the currency, and not to manipulate the price.

  (3) Standardize publicity and advertising behavior.

It is clear that relevant entities should abide by laws and regulations when buying and selling activities and publishing publicity advertisements.

It is proposed not to use the name of major national events to improperly link the sale of advertisements with major events for commercial profit.

  (4) Encourage the creation of a healthy market environment.

Encourage relevant market entities to deeply explore the cultural connotation of the renminbi, strengthen training and publicity, establish standards, improve transaction mechanisms, and promote the healthy development of the coin market.

  Finally, the laws and regulations applicable to penalties for related violations are clarified.

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