Issued: October 29 2004
Effective: January 1 2005
Interpreting authority: People's Bank of China
Applicability: The Provisions are applicable to all financial institutions taking foreign exchange deposits in the territory
People's Bank of China, Administration of Foreign Exchange Reserve Deposits of Financial Institutions Provisions
中国人民银行金融机构外汇存款准备金管理规定
A financial institution is required to transfer the reserve deposit to designated accounts every month. The foreign exchange reserve deposit ratio is unified at 3%.
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