People's Republic of China (PRC) Treasury Regulations

Chapter I General Provisions Article 1 These Regulations are formulated for the purpose of unifying the organization of national financial revenue and expenditure and improving the national treasury system. Article 2 The State Treasury (hereinafter referred to as the State Treasury) is responsible for handling the revenue and expenditure of state budget funds. In carrying out the task, we must conscientiously implement the state's principles, policies and financial systems, and give play to the role of the state treasury in promoting and supervising. Article 3 The People's Bank of China shall specifically manage the national treasury. Organizing and managing the national treasury is an important duty of the People's Bank of China. Article 4 According to the provisions of the national financial system, the control right of treasury funds at all levels belongs to the financial organs at the same level. Article 5 People's governments at all levels shall strengthen their leadership over the state treasury at the corresponding level, supervise their subordinate departments and units, and shall not use state treasury funds beyond the scope prescribed by the state. Chapter II Organization of the State Treasury Article 6 The State Treasury shall be established in accordance with the national financial management system. The first-level treasury shall be established by the first-level finance in principle. The central government set up a general library; Provinces, autonomous regions and municipalities directly under the central government set up branch libraries; Provincial cities and autonomous prefectures set up central branches; Counties and cities and districts equivalent to counties set up branches. The business received by the following branches is represented by the grassroots institutions of professional banks. Article 7 The director of the state treasury at all levels shall be the governor of the People's Bank of China at the corresponding level, and the deputy director shall be the deputy governor in charge of the state treasury. Where there is no institution of the People's Bank of China, the treasury business is entrusted by the People's Bank of China to the local professional bank, and the work is led by the superior treasury, and the entrusted professional bank president and treasury director. Article 8 The treasury business shall be led vertically. Branches of provinces, autonomous regions and municipalities directly under the Central Government and their branches at all levels are both branches of the central treasury and local treasuries. Article 9 The state treasury at all levels shall set up special working institutions to handle treasury business. According to the provisions of Article 6 of this Ordinance, the four-level treasury is the department, branch, branch and stock respectively. Personnel should be stable and prepared separately. The county branch bank with small business volume may not set up special institutions, but there must be a special person to handle the treasury business. Chapter III Duties and Powers of the Ministry of Finance Article 10 The basic duties of the Ministry of Finance are:

(1) Handling the receipt, division and retention of state budget revenue.

(two) to handle the distribution of state budget expenditure.

(three) to reflect the implementation of the budget revenue and expenditure to the state treasury at a higher level and the financial organ at the same level.

(four) to assist the financial and tax authorities to urge enterprises and other units with economic income to pay the due amount to the state in a timely manner, and to assist in withholding and remitting in accordance with the tax law.

(5) Organizing, managing, inspecting and guiding the work of the treasury at lower levels.

(six) to handle other tasks related to the state treasury assigned by the state. Article 11 The main functions and powers of the national treasury are as follows:

(a) to supervise and inspect whether all the money collected by the tax collection organ and the income organ is paid into the state treasury in accordance with the provisions, and to investigate and deal with those who fail to pay in violation of the law in a timely manner.

(two) between governments at all levels without authorization to change the scope of income division, income sharing in solution ratio and arbitrarily adjust the balance of deposits between treasury accounts, the treasury has the right to refuse to implement.

(three) does not meet the conditions prescribed by the state, the state treasury has the right to refuse to withdraw.

(four) to supervise the opening of financial deposits and the disbursement of financial funds.

(5) Any unit or individual forces the State Treasury to handle matters that violate State regulations, and the State Treasury has the right to refuse to implement them and report to the superior in time.

(6) The state treasury has the right to refuse to accept the unqualified documents. Article 12 The state treasury at all levels shall strengthen accounting work, strictly follow accounting procedures, improve accounting books and statements, and ensure the completeness and accuracy of various budgetary revenue and expenditure figures. Article 13 State treasury staff shall be loyal to their duties, love their work and strictly observe state secrets. Praise and encourage those who adhere to the principles, policies and financial system of the state and dare to fight against violations of financial discipline; Anyone who retaliates against the state treasury staff should be dealt with severely. Chapter IV Receipt and Payment of State Treasury Funds Article 14 All state budget revenues shall be turned over to the State Treasury in accordance with regulations, and no unit may withhold, finance or withhold them. Article 15 State budgetary revenues shall be separately managed by financial organs, tax authorities and customs at all levels, supervised and turned over to the state treasury. Payment methods shall be stipulated separately by the Ministry of Finance and the head office of China People's Bank. Article 16 The revenue of the national treasury shall be limited to RMB. Pay in gold, silver, foreign currency, etc. Payment should be made after the local bank converts it into RMB.

Measures for the special economic zones to pay the treasury, Sino-foreign joint ventures, Sino-foreign cooperative enterprises and foreigners to pay the treasury shall be formulated separately by the Ministry of Finance and the head office of the People's Bank of China. Article 17 The withdrawal of budgetary revenues must be handled within the scope of withdrawal stipulated by the state. If it is necessary to withdraw funds from the income, it should be returned from the relevant projects of the budget income at the corresponding level in strict accordance with the provisions of the financial management system. Chapter V Appropriation of State Treasury Funds Article 18 State budget expenditures shall be appropriated by the State Treasury according to the appropriation vouchers of financial institutions at all levels. Article 19 The central budget expenditure adopts two ways: actual appropriation and quota management. The central administrative expenses are subject to quota management. Local budget expenditure is in the form of actual appropriation; If quota management is adopted, the finance should allocate enough funds with quota, without bank advance. Twentieth the allocation of funds from the state treasury at all levels must be paid within the balance of financial deposits at the same level. Only transfer money, not cash.