[Issuing Agency] People's Bank of China
[ Industry]s Foreign-funded enterprises, financial securities, insurance industry
[Region] Nationwide
[Post Document Number]
[Issue Date]1991-06-11
[Effective Date]1991- 06-11
[Abolition date] None
[Number of reads] 304
Article 1: According to the "Interim Provisions of the State Council of the People's Republic of China on the Management of Permanent Representative Offices of Foreign Enterprises",is a norm These Measures are formulated for the management of the permanent representative offices of foreign-funded financial institutions in China (hereinafter referred to as the permanent representative offices).
Article 2: Foreign-funded financial institutions as mentioned in these Measures refer to banks, securities companies, investment companies, insurance companies with foreign capital
Insurance companies, financial companies, credit card companies, financial leasing companies.
Article 3: A permanent representative office is a dispatched office of its general management agency, and is called the "XXX Representative Office". The main person in charge of a representative office
is called the chief representative, and other personnel are called representatives, consultants, assistants, and secretaries.
Article 4 The People's Bank of China is the approval and management agency for resident representative offices. Foreign-funded financial institutions may apply to the People's Bank of China to establish permanent representative offices in open cities within China in accordance with this law.
Article 5: Foreign financial institutions apply to establish in open cities within ChinaThe permanent representative office must submit the following application materials to the Bank of China:
(1) An application letter to the Governor of the People's Bank of China signed by the chairman or general manager of the general management organization of the applicant;
(2) Issued by the relevant authorities of the country or region where the applicant is located A copy of the business legal certificate or business license
(or photocopy);
(3) The organizational charter of the general management body of the applicant unit, the list of the board of directors or similar organizations;
(4) The annual reports of the applicant unit for the past three years;
(5) Other information required by the People's Bank of China.
Except for the fourth item listed in the preceding paragraph, any document written in a foreign language must be accompanied by a Chinese translation.
Foreign-funded financial institutions to establish a permanent representative office in Beijing must submit application materials to the Head Office of the People's Bank of China;
To apply to establish a permanent representative office in other cities outside Beijing, the application materials must be submitted to the local People's Bank of China
Branch, which will review and report to the People's Bank of China Bank head office.
Article 6: After receiving the application materials from foreign financial institutions, the People's Bank of China shall confirm whether to accept them within three months
Apply, if the application is accepted, the "Application Form for Foreign Financial Institutions to Establish Permanent Representative Offices in China" will be issued; more than three times
If the application is not confirmed by the People's Bank of China within three months, the application will automatically become invalid.
Foreign-funded financial institutions have received the "Foreign-funded Financial Institutions Establishing Permanent Representative Offices in China" issued by the People's Bank of China
After the application form", the completed form must be submitted within two months together with the permanent representative signed by its chairman or general manager
