(April 26, 2003 x session of the second meeting of the Standing Committee of the national people's Congress through come into force on the date of promulgation) deputies of the second meeting of the Standing Committee considered the submitted for deliberation by the State Council of China Banking Regulatory Commission for the exercise of motion of the exercise of regulatory authority by the people's Bank of China. According to x session national people's Congress first times Conference decided approved of State reform programme, to makes China banking supervision management committee law perform supervision management duties, special for following decided: a, and by State in accordance with existing People's Republic of China people's Bank of China method, and People's Republic of China commercial banks method and other about legal of provides, determine China banking supervision Management Committee perform original by people's Bank of China perform of approval, and supervision management Bank, and financial assets management company, and
   Trust and investment companies and other deposit-taking financial institutions, such as the duties and responsibilities.
Second, proposed by the State Council to hurry up the revision of the People's Republic of China people's Bank of China and the People's Republic of China commercial bank law and other relevant laws of motion, the national people's Congress Standing Committee for deliberation. This decision shall come into force as of the date of.