| China
regulates financial statistical management (11/07/2002)
The People's Bank of China (PBOC) passed regulations Thursday in
a bid to adapt to financial system reforms and business development,
reinforce financial statistical management and improve the quality
of statistics.
The provision is applicable to the central bank as well as both
Chinese and foreign financial institutions ratified by the central
bank to do financial businesses.
The provision covers all financial statistical practices including
material collection, arrangement and analysis, providing statistical
information and advice, and financial statistical management and
supervision.
It stresses the timely and accurate completion of all financial
statistical tasks.
The provision includes detailed regulations on the management of
financial statistical materials and surveys, the publication of
statistical materials, the duty of statistical departments and statisticians,
statistical supervision and examination, as well as related awards
and penalties.
The provision is to go into effect on Dec. 15.
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