DocumentNo.: Order No.2 of the People's Bank of China in 2009

Chapter I General Principles

Article 1 In order to standardize the electronic commercial bill business, protect the legitimate rights and interests of the parties involved in electronic commercial bill activities, and promote the development of electronic commercial bill business, in accordance with the Law of the People's Republic of China on the People's Bank of China, the People's Republic of China (PRC) Bill Law, the People's Republic of China (PRC) Electronic Signature Law, the People's Republic of China (PRC) Property Law and the Measures for the Implementation of Bill Management.

Article 2 An electronic commercial bill refers to a bill made by the payer in the form of data message relying on the electronic commercial bill system, and entrusting the payer to unconditionally pay a certain amount to the payee or holder on a specified date. Electronic commercial bills are divided into electronic bank acceptance bills and electronic commercial acceptance bills. Electronic bank acceptance bills are issued by banking financial institutions and finance companies (hereinafter referred to as

Financial institutions) acceptance; Acceptance of electronic commerce by legal persons or other organizations other than financial institutions. The drawee of an electronic commercial bill is the acceptor.

Article 3 The electronic commercial bill system is a business processing platform approved by the People's Bank of China, which relies on network and computer technology to receive, store and send electronic commercial bill data messages and provide services related to monetary payment and fund settlement of electronic commercial bills.

Article 4 The parties to an electronic commercial bill shall abide by the principle of good faith and handle bills in accordance with the provisions of these Measures.

Article 5 The issuance, acceptance, endorsement, guarantee, presentment for payment and recourse of electronic commercial bills must be handled through the electronic commercial bill system.

Article 6 The business entities of electronic commercial bills are divided into:

(1) Financial institutions that directly access the electronic commercial bill system (hereinafter referred to as access institutions);

(2) Financial institutions that handle electronic commercial bill business through access institutions (hereinafter referred to as the entrusting institutions);

(3) Legal persons and other organizations other than financial institutions. Electronic commercial bill system assigns different category codes to different business entities.

Article 7 When handling electronic commercial bill business, the parties to a bill shall have the organization code of People's Republic of China (PRC). Legal persons and other organizations other than the main institutions and financial institutions shall open accounts in access institutions when handling electronic commercial bills.

Article 8 Access institutions shall be responsible for verifying the authenticity of customers' basic information when providing electronic commercial bill business services, and sign an electronic commercial bill business service agreement with customers in accordance with these Measures and relevant regulations to clarify the rights and obligations of both parties. Basic customer information includes customer name, account number, organization code and business entity category.

Article 9 The operators of the electronic commercial bill system shall be designated and supervised by the People's Bank of China.

Article 10 Access institutions shall forward electronic commercial bill information to customers and electronic commercial bill system according to regulations, and ensure that the electronic commercial bill information stored in the internal system is consistent with the relevant information stored in the electronic commercial bill system.

Article 11 The information of electronic commercial bills shall be subject to the records of electronic commercial bills system.

Article 12 Electronic commercial bills shall be denominated in RMB.

Chapter II Basic Provisions

Article 13 An electronic commercial bill is a bill payable on a regular basis. The payment term of an electronic commercial bill shall not exceed 1 year from the date of issue to the due date.

Article 14 The signature of the parties to a bill on an electronic commercial bill is a reliable electronic signature of the parties. Authentication services required for electronic signature shall be provided by legal electronic authentication service providers. A reliable electronic signature must comply with the provisions of the first paragraph of Article 13 of the Electronic Signature Law of People's Republic of China (PRC).

Fifteenth in the business activities of electronic commercial bills, the data messages and electronic signatures used by the parties to the bill shall comply with the relevant provisions of the Electronic Signature Law of People's Republic of China (PRC).

Article 16 When conducting electronic commercial bill activities, customers shall apply to the registration and examination and approval authority of the electronic authentication service provider designated by the access institution for the electronic signature making data and electronic signature authentication certificate on which their signatures depend. When an access institution provides electronic commercial bill business services for customers or acts as a party to an electronic commercial bill, it shall apply to the registration and examination and approval authority of the electronic authentication service provider designated by the operator of the electronic commercial bill system for the electronic signature making data and electronic signature authentication certificate.

Article 17 Access institutions and electronic authentication service providers designated by the electronic commercial bill system operators shall be responsible for the authenticity of the identity of the applicants for electronic signature authentication certificates. Electronic certification service providers shall bear corresponding responsibilities in accordance with the Electronic Signature Law of People's Republic of China (PRC).

Article 18 Access institutions are responsible for verifying the authenticity of the electronic signatures of customers who handle electronic commercial bills through them. The operator of the electronic commercial bill system is responsible for verifying the identity of the access institution and the authenticity of the electronic signature.

Article 19 The electronic commercial bill system shall receive and process the information of electronic commercial bills in real time, and send the information to the access institutions of relevant bill parties in real time; The access institution shall receive and process the information of electronic commercial bills in real time, and send the information to the relevant bill parties in real time.

Article 20 When issuing an electronic commercial bill, the drawer shall deliver the electronic commercial bill to the payee. After an electronic commercial bill is endorsed, the endorser shall deliver the electronic commercial bill to the endorsee. When the electronic commercial bill is released from pledge, the pledgee shall deliver the electronic commercial bill to the pledger. Delivery means that the parties to a bill send an electronic commercial bill to the transferee, and the transferee signs it.

Article 21 Sign-in refers to the act that the parties to a bill agree to accept the applications of other parties to the bill, sign their names and send electronic instructions for confirmation. Rejection refers to the behavior that the parties to the bill refuse to accept the application of other parties to the bill, and sign and send electronic instructions to confirm it. The payee and the endorsee may sign an agreement with the access institution, entrust the access institution to sign or reject the application for behavior on their behalf, and sign and seal it on their behalf. The acceptor of a commercial acceptance bill shall sign an agreement with the access institution, and the access institution shall issue or refuse to present the payment instruction on its behalf and issue it on its behalf.

Article 22 If the drawer or endorser records "non-negotiable" items on an electronic commercial bill, the electronic commercial bill shall not be endorsed again.

Article 23 If a party to a bill submits an application for conduct through the electronic commercial bill system, and the drawee fails to sign and reject it, the party to the bill may cancel the application for conduct. If the electronic commercial bill system is the payee, the parties to the bill may not cancel it.

Article 24 The date of issue of an electronic commercial bill refers to the date of issue recorded by the drawer on the electronic commercial bill. The presentation date of electronic commercial bill refers to the date when the instruction to present the payment application enters the electronic commercial bill system. The refusal date of electronic commercial bill refers to the date when the instruction to present the payment application is refused to enter the electronic commercial bill system. The recourse date of electronic commercial bill refers to the date when the recourse notice instruction enters the electronic commercial bill system. The date of acceptance, endorsement, guarantee, pledge release, payment and recourse settlement refers to the date when the corresponding collection instruction enters the electronic commercial bill system.

Article 25 Before the liability of an electronic commercial bill is discharged, the acceptor of the electronic commercial bill shall not cancel the original account for handling the electronic commercial bill business, and the access institution shall not handle the account cancellation procedures for it.

Article 26 Where an access institution terminates the provision of electronic commercial bill business services, it shall require other access institutions to undertake its electronic commercial bill business services.

Chapter III Bill Behavior

Section 1 Ticket Issuing

Article 27 The issuance of electronic commercial bills refers to the bill behavior that the drawer issues electronic commercial bills and delivers them to the payee. Before the electronic commercial bill is delivered to the payee, the drawer may return the unused bill. The drawer shall not deliver the bill to the payee after presenting the payment deadline.

Article 28 The drawer of an electronic commercial bill must be a legal person or other organization other than a banking financial institution. The drawer of an electronic bank acceptance bill shall open an account with the acceptance financial institution.

Article 29 When issuing electronic commercial bills, the following items must be recorded:

(a) indicate the words "electronic bank acceptance bill" or "electronic commerce acceptance";

(2) Unconditional payment entrustment;

(3) The determined amount;

(4) the name of the drawer;

(5) The name of the payer;

(6) the name of the payee;

(7) Date of issue;

(8) Maturity date of the bill;

(9) Signature and seal of the drawer.

Article 30 A drawer may record his own rating information on an electronic commercial bill, and shall be responsible for the authenticity of the recorded information, but the recorded items shall have no effect on the bill. Rating information includes rating agency, credit rating and rating expiration date.

Section 2 Redemption

Article 31 Acceptance of an electronic commercial bill refers to the bill behavior in which the payer promises to pay the amount of the electronic commercial bill on the maturity date of the bill.

Article 32 An electronic commercial bill shall be accepted by the payer before it is delivered to the payee.

Thirty-third electronic bank acceptance bills are issued by debtors in real trading relationships or creditor-debtor relationships, and accepted by financial institutions. The drawer and payee of an electronic bank acceptance bill may not be the same person.

Article 34 There are the following ways to accept e-commerce:

(a) the debtor in the real transaction relationship or the creditor-debtor relationship issues and accepts it;

(2) It is issued by the debtor in the real transaction relationship or the creditor-debtor relationship and accepted by a third party;

(3) It is issued by a third party and accepted by the debtor in the real transaction relationship or the creditor-debtor relationship;

(four) issued by the payee, and accepted by the debtor in the real transaction relationship or creditor-debtor relationship.

Article 35 The drawer of an electronic bank acceptance bill shall submit a true and valid transaction contract or other supporting materials to the acceptance financial institution, and make corresponding records on the electronic commercial bill, which shall be audited by the acceptance financial institution.

Article 36 The acceptor shall accept the electronic commercial bill before the bill expires.

Article 37 When accepting an electronic commercial bill, the acceptor must record the following items:

(1) words indicating "acceptance";

(2) Date of acceptance;

(3) Signature and seal of the acceptor.

Article 38 The acceptor may record his own rating information on the electronic commercial bill and be responsible for the authenticity of the recorded information, but the recorded items have no effect on the bill. Rating information includes rating agency, credit rating and rating expiration date.

Section 3 Transfer Endorsement

Thirty-ninth transfer endorsement refers to the bill behavior that the holder transfers the rights of electronic commercial bills to others according to law. A bill of exchange may not be transferred or endorsed after it is presented for payment.

Article 40 A transfer endorsement shall be based on a true and lawful business relationship and creditor-debtor relationship, or on lawful acts such as tax payment, inheritance, donation and dividend distribution.

Article 41 The following items must be recorded in the transfer endorsement:

(1) the name of the endorser;

(2) The name of the endorsee.

(3) the date of endorsement;

(4) Signature of endorser.

Section 4 Discount, Discount and Reconsideration

Article 42 Discounting refers to the endorsement of the bill rights by the bill holder to the financial institution before the bill expires, and the financial institution will pay the agreed amount to the holder after deducting certain interest. Discounted cash means that the financial institution holding the bill transfers the rights of the bill to other financial institutions before the bill expires, and pays the agreed amount to the holder after deducting certain interest. Re-discount refers to the behavior that the financial institution holding the bill transfers the bill rights to the People's Bank of China before the bill expires, and pays the agreed amount to the holder after deducting certain interest.

Article 43 Discount, rediscount and rediscount are divided into buyout and repurchase according to the transaction mode. Buy-out means that the poster transfers the bill rights to the poster, and there is no agreement to redeem it in the future.

Back to the way of trading. Repurchase refers to the transaction mode in which the poster transfers the bill rights to the sticker and agrees on future redemption. In the business of discount, rediscount and rediscount of electronic commercial bills, the bill party who transfers the bill right is the drawer, and the bill party who receives the bill right is the drawer.

Article 44 The parties to an electronic commercial bill shall specify the opening day and the deadline for redemption when handling the repurchase discount, repurchase discount and repurchase rediscount business. Redemption open day refers to the start date of repurchase discount redemption, repurchase discount redemption and repurchase rediscount redemption. The redemption period refers to the period for handling repurchase discount redemption, repurchase discount redemption and repurchase rediscount redemption, which should be earlier than the maturity date of the bill. The redemption opening period is from the redemption opening day to the redemption closing day.

Forty-fifth before the redemption open day, the poster and poster shall not make any other bill behavior except recourse. The original posters and posters of repurchase discount, repurchase rediscount and repurchase rediscount business shall be redeemed within the redemption opening period as agreed. If the bill is not redeemed during the redemption opening period, the original sticker can only endorse the bill to others or exercise the bill rights after the redemption deadline, and other rights and obligations except the bill relationship shall be agreed by both parties.

Article 46 When applying for discount, the holder shall provide contracts, invoices and other materials to prove the real trading relationship or the creditor-debtor relationship between the holder and the immediate predecessor, and make corresponding records on the electronic commercial bill, which shall be examined by the drawer.

Article 47 The following items must be recorded in the discount, rediscount and rediscount of electronic commercial bills:

(a) the name of the poster;

(2) the name of the poster;

(3) the date of discount, rediscount or rediscount;

(4) The types of discount, rediscount or rediscount;

(5) Discount, discount or rediscount interest rate;

(6) The amount actually paid;

(7) Signature of the poster. The payment amount is the amount actually paid to the poster by the post bar. Repurchase discount, repurchase discount and repurchase rediscount shall also record the redemption opening day and redemption deadline. Discount should also record the posting information of poster discount funds.

Article 48 The repurchase discount, repurchase rediscount and repurchase rediscount payment of electronic commercial bills shall be endorsed, and the following items shall be recorded:

(a) the name of the original poster;

(2) The name of the original sticker;

(3) the date of redemption;

(4) redemption rate;

(5) the redemption amount;

(6) Signature of the original signer.

Article 49 Interest rate and term of discount and rediscount, etc. It is determined by the poster and the poster through consultation. The rediscount rate is set by the People's Bank of China.

Article 50 Discount, rediscount and rediscount of electronic commercial bills may be conducted by fund handling or other fund settlement methods. The term "fare handling" as mentioned in these Measures refers to a transaction mode in which bill delivery and capital delivery are completed at the same time and are mutually conditional.

Section 5 Pledge

Article 51 Pledge of electronic commercial bills refers to the bill behavior that the holder of electronic commercial bills registers in the electronic commercial bill system in order to provide creditor's rights guarantee before the bill expires, and establishes the pledge right with the bill as the creditor.

Article 52 If the maturity date of the principal debt is earlier than the maturity date of the bill of exchange, and the principal debt has been performed, the pledgee shall release the pledge in accordance with the agreement. If the maturity date of the principal debt is earlier than the maturity date of the bill, and the principal debt is not fulfilled, the pledgee may exercise the rights of the bill, but may not continue to endorse it. If the maturity date of the bill is earlier than the maturity date of the principal debt, the pledgee may exercise the rights of the bill after the bill expires, and agree with the pledger that the cashed money will be used to pay off the secured creditor's rights in advance or continue to be used as the guarantee of the creditor's rights.

Article 53 The following items must be recorded in the pledge of electronic commercial bills:

(1) The name of the pledgor.

(2) The name of the pledgee.

(3) the date of pledge;

(4) words indicating "pledge";

(5) Signature of the Pledger.

Article 54 To release the pledge of electronic commercial bills, the following items must be recorded:

(a) marked "pledge";

(2) the date when the pledge is released.

Section 6 Certificate of Guarantee

Article 55 The guarantee of an electronic commercial bill refers to the bill behavior recorded in an electronic commercial bill in which a third party other than the debtor guarantees the payment of the bill.

Article 56 Where a guarantor acts as a guarantor before acceptance of an electronic commercial bill, the guarantor is the drawer. If the guarantor makes a guarantee after the electronic commercial bill is accepted, but before the drawer delivers the electronic commercial bill to the payee, the guarantor is the acceptor. After the drawer delivers the electronic commercial bill to the payee, the guarantor acts as an endorser.

Article 57 An electronic commercial bill must contain the following items:

(a) The word "guarantee";

(2) the name of the guarantor;

(3) the domicile of the guarantor;

(4) the name of the guarantor;

(5) the date of guarantee;

(6) Signature of the guarantor.

Section 7 Payment

Article 58 presentment for payment refers to the act of the holder requesting payment from the acceptor through the electronic commercial bill system. The holder shall present payment to the acceptor within the time limit for presenting payment. Prompt that the payment period is 10 days from the bill maturity date, and the last day will be postponed in case of legal holidays, non-business days of large payment system or electronic commercial bill system.

Article 59 If the holder presents the bill for payment before the maturity date, the acceptor may pay or refuse to pay, or pay on the maturity date. If the acceptor refuses to pay or does not reply, the holder can wait for the bill to be presented for payment again after it expires.

Article 60 If the holder presents payment within the time limit for presenting payment, the acceptor shall pay or refuse to pay at the latest on the day after receiving the request for presenting payment (in case of legal holidays, non-business days of large-value payment system and non-business days of electronic commercial bill system). If the holder presents payment within the time limit, the access institution shall not refuse to accept it. After the holder gives a reasonable explanation, the acceptor shall still be liable for payment, and pay or refuse to pay within the time limit specified in the preceding paragraph. If the acceptor of e-commerce receives the demand for prompt payment after the bill expires, and fails to reply on the third day after receiving the demand (in case of legal holidays, non-business days of large-value payment system and extension of non-business days of electronic commercial bill system), the access institution shall make the following treatment according to the service agreement of electronic commercial bill signed with the acceptor:

(1) If the balance of the acceptor's account is enough to pay the fare when the electronic commercial bill system is closed on that day, it is deemed that the acceptor has agreed to pay, and the access institution will deduct funds from the acceptor's account to pay the fare, and the acceptor will make a payment response when the electronic commercial bill system starts to operate the next day (in case of legal holidays, non-business days of the large-value payment system or the non-business days of the electronic commercial bill system are extended) and sign on behalf of the acceptor;

(2) If the balance of the acceptor's account is insufficient to pay the fare when the electronic commercial bill system is closed on that day, it shall be regarded as the acceptor's refusal to pay, and the access institution shall make a refusal response on behalf of the acceptor when the electronic commercial bill system starts to operate the next day (in case of legal holidays, non-business days of the large-value payment system and postponed non-business days of the electronic commercial bill system), and sign on behalf of the acceptor.

Article 61 An access institution shall promptly notify the e-commerce acceptor of the holder's request for presentment for payment. The notification method shall be agreed by the access institution and the acceptor.

Article 62 The holder may choose the method of payment or other means to present payment to the acceptor.

Article 63 An electronic commercial bill presented for payment must contain the following items:

(1) Prompt for payment date;

(2) Show the signature of the payer. The ticket holder may sign an agreement with the access institution, and entrust the access institution to present the payment and sign on its behalf.

Article 64 When the acceptor pays or refuses to pay, the following items must be recorded:

(1) The name of the acceptor;

(2) Date of payment or date of refusal to pay;

(3) Signature and seal of the acceptor. If the acceptor refuses to pay, it shall also indicate the reasons for refusing to pay.

Section 8 Hunting

Article 65 The right of recourse is divided into the right of non-payment and the right of non-payment. Refusal to pay refers to the behavior that the holder asks for payment in advance and is refused payment after the expiration of the electronic commercial bill. Non-refusal of recourse refers to the behavior of the holder to request early payment under the following circumstances:

(1) The acceptor is declared bankrupt according to law;

(2) The acceptor is ordered to terminate his business activities due to violation of the law.

Article 66 If the holder refuses to pay the bill before its maturity, he may not make recourse on the grounds of refusing to pay. If the holder refuses to pay during the presentment for payment, he may refuse to pay all the previous parties. If the holder refuses to pay after the time limit for presentment for payment, and the holder has issued a certificate for presentment for payment within the time limit for presentment for payment, he may recourse against all prior parties to refuse to pay; If the presentment for payment is not issued within the time limit for presentment for payment, only the drawer and acceptor can refuse to pay for recourse.

Article 67 When making recourse, the claimant shall provide proof of refusal to pay. When the right of recourse is rejected, the refusal certificate is the bill information and the reason for refusal. In the case of recourse for refusal to pay, the proof of refusal to pay is bill information and relevant legal documents.

Article 68 Due to the refusal of payment of an electronic commercial bill after its maturity or other reasons stipulated by laws and regulations, the rights of the holder to recover from the debtor of the bill are limited as follows:

(1) The limitation of the holder's right of recourse and re-recourse against the drawer and acceptor shall be two years from the maturity date of the bill, and shall not be shorter than the limitation of the holder's right of recourse and re-recourse against other prior parties.

(2) The limitation of the holder's right of recourse against other prior parties is 6 months from the date of refusal to pay; The limitation of the holder's right of recourse against other prior parties shall be 3 months from the date of liquidation or prosecution.

Article 69 When issuing a bill of recourse, the holder must record the following items:

(a) the name of the right of recourse;

(2) the name of the hunted person;

(3) the date of the recourse notice.

(4) the way of recourse;

(5) the amount of recourse.

(6) Signature and seal of the recourse.

Article 70 To pay off an electronic commercial bill, the following items must be recorded:

(a) the name of the right of recourse;

(2) the name of the liquidator.

(3) The agreed settlement amount;

(4) Settlement date;

(5) Signature and seal of the liquidator.

Chapter IV Information Inquiry

Article 71 A party to a bill may inquire about the bill information of an electronic commercial bill related to it through an access institution.

Article 72 An access institution shall record the information of electronic commercial bills sent and received between it and the electronic commercial bill system, and show it to customers in accordance with regulations. Bill information includes face information and behavior information. The face information refers to all the information recorded on the bill after the drawer delivers the bill to the payee and before other behaviors occur. Behavior information refers to the necessary items of bill behavior.

Article 73 A drawer may inquire about the face information of an electronic commercial bill. Before receiving the application for presentment for payment, the acceptor may inquire the face information of the electronic commercial bill. After receiving the application for prompt payment, you can query all the bill information of the bill. The payee, endorsee and guarantor can inquire about their own behavior information and past bill information. The holder can query all the bill information. In the recourse stage, the person being pursued can query all bill information.

Article 74 If a party to a bill disagrees with the bill information, it shall submit a written application to the operator of the electronic commercial bill system through the access institution, and the operator of the electronic commercial bill system shall handle the relevant inquiry business according to the inquiry authority within 10 working days.

Article 75 In all bill behaviors of electronic commercial bills, the payee in the pending state can query the payment credit information of the bill acceptor and the bill drawer from the electronic commercial bill system.

Article 76 The electronic commercial bill system only provides the payment credit information of the electronic commercial bill of the parties to the bill, and does not conduct credit evaluation or rating.

Chapter V Legal Liability

Article 77 When there is a legal dispute over an electronic commercial bill, the operator of the electronic commercial bill system is obliged to issue relevant records of the electronic commercial bill system.

Article 78 The acceptor shall pay the electronic commercial bill in full and on time. If the acceptor intentionally suppresses the bill and delays the payment, which affects the use of the holder's funds, the compensation shall be calculated and paid according to the interest rate of the same level of working capital loan stipulated by the People's Bank of China.

Article 79 When the drawer of an electronic bank acceptance bill fails to deposit the bill in full on the maturity date of the bill, the acceptor will not only unconditionally pay the holder, but also convert the unpaid bill amount into overdue loan, and impose a penalty interest of 0.5 ‰ on a daily basis.

Article 80 If the parties to an electronic commercial bill have any of the following circumstances, which affect the business processing of the electronic commercial bill or cause financial losses to other parties to the bill, they shall bear the corresponding liability for compensation. The People's Bank of China has the right to impose a warning or a fine of less than 30,000 yuan depending on the seriousness of the case:

(1) A financial company or e-commerce acceptor, as the acceptor of electronic bank acceptance bills, violates the People's Republic of China (PRC) Bill Law, the Measures for the Implementation of Bill Management and these Measures, and unreasonably refuses to pay or delays payment;

(2) The access institution fails to fulfill its obligation to review the basic information of customers by providing electronic commercial bill business services to customers;

(3) The electronic authentication service provider that provides electronic authentication service for electronic commercial bill business fails to bear corresponding responsibilities in accordance with the Electronic Signature Law of People's Republic of China (PRC);

(4) Access institutions provide electronic commercial bill business services to customers, and fail to carefully examine the authenticity of customers' electronic signatures, resulting in financial losses;

(5) The operator of the electronic commercial bill system fails to carefully examine the authenticity of the identity of the access institution and the authenticity of the electronic signature, resulting in financial losses;

(six) due to the lack of clearing funds of the access institution, the capital settlement of the electronic commercial bill failed, causing losses to the parties to the bill;

(seven) the access institution fails to forward the information of electronic commercial bills in time due to human or systematic reasons, causing losses to the parties to the bill;

(8) The information of the electronic commercial bill stored in the internal system of the access institution is seriously inconsistent with the relevant information of the electronic commercial bill system, causing losses to the parties to the bill;

(nine) the failure of the internal system of the access institution to be eliminated in time, which has a significant impact;

(10) The electronic commercial bill of exchange system operated by the operating unit of the electronic commercial bill of exchange system failed to eliminate the fault in time, thus causing significant impact;

(eleven) before the debt of the electronic commercial bill is lifted, the access institution cancels the account for the acceptor in violation of the provisions of these measures;

(twelve) other acts in violation of the "People's Republic of China (PRC) negotiable instrument law", "measures for the implementation of bill management" and the provisions of these measures.

Article 81 The parties to an electronic commercial bill shall properly keep the electronic signature making data to prevent leakage. If funds are lost due to improper storage, the responsible party concerned shall be liable for compensation according to law.

Article 82 Financial institutions that use electronic commercial bills to engage in illegal and criminal activities shall fulfill their reporting obligations according to law.

Chapter VI Supplementary Provisions

Article 83 The data message format and bill display style of electronic commercial bills shall be uniformly stipulated by the People's Bank of China.

Article 84 Matters not covered in these Measures shall be implemented in accordance with the People's Republic of China (PRC) Negotiable Instruments Law and the Measures for the Implementation of Negotiable Instruments Management.

Article 85 The People's Bank of China shall be responsible for the interpretation and revision of these Measures.

Article 86 These Measures shall come into force as of the date of promulgation.

People's Bank of China

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