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Category | BANKING | Organ of Promulgation | The State Council | Status of Effect | In Force |
Date of Promulgation | 1994-04-05 | Effective Date | 1994-04-05 |
Circular of the General Office of the State Council Concerning Banning the Illegal Use of the Designs of Renminbi and State Bonds on Publicity Materials, Publications and Other Commodities |
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In March 1991, the People's Bank of China, the Ministry of Public
Security, State Administration of Industry and Commerce, Press and
Publication Administration of China and Ministry of Radio, Film and Television
jointly issued the Circular Regarding Banning the Illegal Use of Designs of
Renminbi, Foreign Currencies and State Bonds on Publicity Materials,
Publications and Related Commodities". The document has since played a
positive role in strengthening the administration of Renminbi and state bonds.
However, a recent investigation uncovered the fact that various persons in
Fuding County, Fujian Province, had adopted deceptive means to duplicate
Renminbi for packaging small round candy which was then offered for public
consumption; and various persons in the Xinjiang Uygur Autonomous Region had
counterfeited small denominations of Renminbi which were used to purchase
commodities and even change was given when they were used to make payment.
Illegal acts involving the use of the various designs of Renminbi and state
bonds on publicity materials, publications and commodities have occasionally
surfaced and provided the opportunity for unscrupulous criminals to engage in
fraudulent activities leading to a disturbance in the financial order, and
creating certain difficulties in combating the counterfeiting of currency. In
order to safeguard the credit standing and dignity of Renminbi and state
bonds, this notice regarding related matters is hereby publicized with the
approval of the State Council:
1. Without having received the approval of the People's Bank of China, no
unit or individual shall in any manner imitate the designs of Renminbi when
printing tickets or coupons for internal use, or duplicate the designs of
Renminbi or state bonds (either in actual or reduced sizes) on publicity
materials, publications or other commodities.
2. Supervision and administration shall be strengthened upon the business
of printing, publishing, film and television production, advertising and
other commodity production. Publicity materials, publications or other
commodities published or sold with designs of Renminbi or state bonds
printed thereon without the approval of the People's Bank of China shall be
sealed up upon discovery and destroyed on the spot. The illegal proceeds of
sales occurring prior to discovery of the illegal act shall be confiscated,
a fine not exceeding the equivalent value of the proceeds of sales shall be
imposed, and the directly responsible personnel and personnel directly
handling the affairs of the involved units and the examination and approving
department shall be investigated for responsibilities.
3. Various localities and departments shall conscientiously organize
inspections and investigations in accordance with the aforementioned
stipulations, media units shall do a good job with related publicity
activities, and departments concerned shall strengthen the work of supervision
and administration, with the combined effort designed to eliminate the
counterfeiting or otherwise illegal use of the designs of Renminbi and state
bonds.
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