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Regulations of the Bank of China of Foreign Exchange Certificate
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PROVISIONAL　REGULATIONS　OF　THE　BANK　OF　CHINA OF FOREIGN EXCHANGE CERTIFICATE
　Article　1.　With　a　view　to strengthening exchange control, the State　Council　 has　 authorized the Bank of China to issue "Foreign　　Exchange　 Certificates"　 (hereinafter　 called　 "Exchange Certificates").

 Article　 2.　 Exchange　 Certificates　 are　 in 7 denominations namely,　100　yuan,　50　yuan,　10　yuan,　5　yuan,　1 yuan, 5 chiao and 1　chiao.　The　yuan　expressed　 in　them is equivalent in value to the Renminbi yuan. No refund is allowed in case of loss.

Article　 3.　 Exchange Certificates are usable only in China for specific　purposes.　 They　 are　to　be　used　by　short-time　visitors (foreigners,　 overseas　 Chinese,　 Hongkong　and　Macao　compatriots), personnel　of　the diplomatic corps and　foreign　representative offices in China at the following places or for making the following payments:
　(a)　 at　 travel　 services　 dealing　exclusively　with　foreigners, overseas　 Chinese,　 Hongkong　 and　 Macao　 compatriots,　 friendship stores,　 companies　provisioning　 foreign　 ships,　 arts　and　crafts stores,　curios　shops,　foreign trade centers and special shop countersfor selling imported goods;
　(b)　 at　guest　houses,　hotels　and　clubs accommodating exclusively foreigners, overseas Chinese, Hongkong and Macao compatriots;
　(c)　 payment　 of　 fares　 for　through train or ship to Hongkong orMacao, and charges for transporting luggage or personal effects;
(d)　 payment　 of　fares　for　domestic　or international flights and charges for transporting luggage or personal effects; 　
(e)　　payment　 of　 international　 telecommunication　charges　and international parcels post;
(f)　 at　 places　 where　 Exchange　 Certificates　are　required for payment　as approved　by　the　State　General Administration of Exchange Control (or its branches) or according to official regulations.

Article　 4.　Convertible foreign banknotes, bills of exchange or payment　instruments　　in　 foreign　 currency　 that　are　immediately cashable　　or　remittances　 from　 abroad　 may　 be　 used　 by　 the above-mentioned　persons to exchange　for　Exchange　Certificates at the Bank　of　China　or　its　designated　exchange　centers　throughout　the country.　 When　 handing　out　the　Exchange Certificates,　the Bank of China　(or its exchange center) shall issue to the customer an "exchange memo".
 Article　 5.　 The　 holder　may　within 6 months and against the "exchange　memo"　 convert　 the　 Exchange　Certificates　into Renminbi special　deposits　or foreign　currency deposits with the Bank of China, or into foreign currency, or take them out of the country.

Article　 6.　 No　private　dealings in Exchange Certificates are permitted,　 Speculation　　in　　or　 counterfeit　 of　 the　 Exchange Certificate　is strictly prohibited.　Violators　will　be　punished　for under-mining　 the socialist economic　order　according　to Chapter 3 of the Criminal Law of the People's Republic of China.
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