(May 29, 2003 Chinese Banking Regulatory Commission published 2003 1th) in order to improve market efficiency and promote financial innovation, China Banking Regulatory Commission decides on the bank market access management of the modalities and procedures for adjustments. As follows: first, adjust the new branch permission to (a) by the banking regulatory Bureau or branch directly under the receive and audit area of policy banks, State-owned commercial banks and joint-stock commercial bank branches to build applications, approval of the CBRC. Has approval agency applications for approval of the CBRC, by the banking regulatory agency or branch directly under the approval and issuance of business licenses, copy to the CBRC.
    Approaches and procedures for approval of establishment of new branches of foreign banks remain unchanged.
    (B) by the banking regulatory Bureau or branch directly under the city branch of the bank where the accepted and approved the preparation and applications for approval, and issuance of business licenses.
    (C) by the CBRC to accept planning applications and review the districts Bank branch, CBRC approval CBRC has approved the establishment of bodies applications for approval, approved by the CBRC, and issuance of business licenses, reported the banking regulatory Bureau. Second, adjusting the new way business approval (a) cancellation of Chinese commercial banks following approval of the practice: domestic factoring, securities capital clearing (securities transfer), insurance agents, securities firms entrusted with the investment custodian, trust asset management, enterprise annuities managed.
    Uncomment the following business of Chinese commercial banks for the record: the buyer or any coupon discount, corporate, agency trust fund receipts and payments account overdraft.
    (B) removal of foreign bank records for the following business: domestic factoring, buyer or any coupon discount, corporate account overdraft.
    (C) the State-owned commercial banks, joint-stock commercial banks required only during start up the business from its headquarters within 10 working days after written reports to the Commission; the city commercial banks, rural commercial banks and foreign banks only offer within 10 business days after the business regulator, where Council, branch or directly under the CBRC report. (D) the banks for new business is allowed to operate, may authorize the qualified institutions operated under the jurisdiction of the branch.
    Branches of various banks authorized by the parent row to start new businesses, within 10 working days after the required only during start up local banking regulatory Bureau, branch or directly under the CBRC written reports.
    Three, adjusting the qualification approval of senior managers (a) banks, foreign-owned banks and Sino-foreign joint venture Bank in duties at the same level within this body of senior executives laterally, has passed qualification examination, the original qualification is still valid without approval again.
    (B) the mobilization of the aforesaid senior management serve outgoing audit reports and related materials, may, within one month of departure where the banking regulatory Bureau, branch or directly under the CBRC report.
    (C) cancel the qualifications of the foreign bank branch Vice-President's record.
                              Four, urban credit cooperatives, rural credit cooperatives, postal savings institutions access to existing modalities and procedures for the management of the same.