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INTERIM MEASURES FOR PROHIBITION AGAINST BRINGING NEGOTIABLE INSTRUMENTS AND SECURITIES IN THE STATE CURRENCY INTO AND OUT OF CHINA (NOTE 1)

    I.  These measures are formulated for the purpose of implementing Measures
of the People's Republic of China for Prohibition Against Bringing the State
Currency into and out of China (Note 2), which has been promulgated by the
Government Administration Council of the Central People's Government.

    II.  The term "negotiable instruments and securities in the State
currency" (hereinafter referred to as "instruments in the domestic currency")
referred to herein means the following items:

    1. drafts, promissory notes, cheques, deposit certificates and passbooks
in China with payment to be made in the domestic currency;

    2. such negotiable securities as government bonds, share certificates and
debenture bonds that are issued domestically; and

    3. all other payment instruments for making domestic payment.

    III.  The instruments in the domestic currency referred to herein shall
be prohibited from being carried on the person or sent into or out of China
without permission, but (1) with respect to instruments in the domestic
currency that are to be carried on the person or sent into or out of China
upon approval by the People's Bank of China or the Bank of China entrusted by
the People's Bank of China (hereinafter referred to as "the Bank"), the
interested party shall, on the strength of the document(s) issued by the Bank,
apply to the Customs for inspection and clearance; and (2) remittances by
overseas Chinese or money orders that are to be brought or sent into China
upon approval by the Bank shall be subject to Customs inspection before
clearance is granted thereto.

    IV.  Those who, in violation of the provisions in Article III of these
measures, carry on the person without permission or send covertly instruments
in the domestic currency into or out of China shall, upon discovery and
seizure thereof, be dealt with by the Customs in accordance with the Interim
Customs Law of the People's Republic of China (Note 3) and other pertinent
laws and regulations.

    V.  If a passenger who is declaring to the Customs the instruments in the
domestic currency that he/she is carving out of China on the person fails to
produce a certificate issued by the Bank permitting him/her to do so, the
Customs shall detain the said instruments and give a receipt therefor and
shall hand over the instruments thus detained to the Bank for custody. The
detained instruments shall be claimed from the Bank either by a domestic
agent duly designated by the passenger or by the passenger himself/herself
upon his/her return to China.

    VI.  Anyone who knows of any act(s) of violation of these measures shall
report the offense(s) to the Bank, the Customs or other authorities concerned
and shall, alter the verification and handling of the offense(s), be rewarded
at the discretion of the afore-said authorities. The informer shall have the
right to require the Bank, the Customs or other authorities concerned to
maintain the informer's anonymity.

    VII.  These measures shall go into effect as of the date of promulgation.

Notes:

    Note 1  With regard to the measures of the People's Republic of China for
control of carrying the state courrency into and out of China, the Measures of
the People's Republic of China for Control of Carrying the State Currency into
and out of China, promulgated by Decree No.108 of the State Council on January
20, 1993, shall apply. --The Editor

    Note 2  The Measures of the People's Republic of China for Prohibition
Against Taking the State Currency into and out of China, promulgated by the
Government Administration Council on March 6, 1951, have been repealed by
Decree No.108 of the State Council issued on January 20, 1993. --The Editor

    Note 3  The Interim Customs Law of the People's Republic of China has been
superseded by the Customs Law of the People's Republic of China, which was
adopted at the 19th Meeting of the Standing Committee of the Sixth National
People's Congress of the People's Republic of China on January 22, 1987.
-- The Editor