Chapter V Supervision of Foreign Exchange Accounts

Article 34 The supervision of foreign exchange bureaus on foreign exchange accounts of banks includes the following contents:

(a) to supervise the authenticity and integrity of bank account information.

(2) To supervise the receipt, payment and balance information of bank accounts.

(3) Statistical analysis of foreign exchange account information.

(4) Tracking RMB funds settled in foreign exchange under capital to prevent funds from flowing into the stock market.

(five) to coordinate the relationship between banks and supervise the implementation of the quota management regulations.

Article 35 The foreign exchange administration department shall strictly implement the policies on foreign exchange account management, abide by the rules and regulations on account system management, maintain the security of data and information, formulate a strict internal control system, and do a good job in keeping account supervision information confidential. No one may provide account information to the outside world except the competent authority that can inquire about foreign exchange account information according to law.

Thirty-sixth domestic institutions and banks that violate these operating rules shall be punished by the foreign exchange bureau in accordance with the relevant provisions on foreign exchange control.

Chapter VI Supplementary Provisions

Thirty-seventh domestic institutions registered outside Fujian Province to open foreign exchange accounts in Fujian Province, with reference to these operating rules.

Article 38 The Fujian Branch of the State Administration of Foreign Exchange shall be responsible for the interpretation of these Operating Rules.

Article 39 These Operating Procedures have been implemented in Fujian Province since June, 2002 18.