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The way in which banking institutions (both Chinese and foreign) carry on business in China has substantially changed in the past few years as the tide of economic reform has at last reached the banking sector. This text reviews the current banking law in China. Key sections of the legislation are translated into English and accompanied by commentary and analysis. A translation of the Regulation on Foreign Exchange Control in the PRC, promulgated in January 1996 is also included. * Includes restrictions on financial activities * Discusses PRC and foreign financial institutions * Looks at the regulation of banking transactions