Electronic bills are electronic commercial bills.

1. An electronic commercial bill is a bill produced by the drawer in the form of a data message and entrusts the payee to unconditionally pay a determined amount to the payee or holder on a specified date. Electronic commercial bills are further divided into electronic bank acceptance bills and electronic commercial acceptance bills.

2. Characteristics of electronic commercial bills: bill recording and circulation are all electronic; bill operations are conducted through bank networks or financial company network channels; electronic signatures replace signatures; bill information is stored in the People's Bank of China's electronic bill system Within ECDS; bill information can be queried through online channels.

3. Compared with paper commercial bills, electronic commercial bills have two outstanding characteristics: they are issued and circulated in the form of data messages, and electronic signatures replace physical signatures.

4. The electronic commercial bill system is built and managed by the People's Bank of China, relying on network and computer technology to receive, register, and forward electronic commercial bill data messages, and provide monetary payment and fund settlement with electronic commercial bills. A comprehensive business processing platform that provides behavioral-related services and provides paper commercial bill registration, inquiry and commercial bill (including paper and electronic commercial bill) public quotation services. The electronic commercial bill system includes an electronic commercial bill business processing function module, a paper commercial bill registration and query function module, and a commercial bill public quotation function module.

Compared with paper tickets, electronic tickets have its unique advantages:

1. Transaction efficiency is higher. Enterprises can apply for the issuance of electronic invoices through online banking, which shortens the time by 1-2 days. When receiving payment, electronic bills of exchange are based on the information registered in the People's Bank of China system, so there is no need to verify the face information. In terms of endorsement, electric tickets use electronic signatures, which can avoid problems such as irregular writing, incorrect sealing, and unclear seals that occurred in the past when paper ticket endorsements were made.

2. Transaction costs have become lower. Transactions with paper tickets are subject to geographical restrictions, but transactions with electronic tickets can be completed without leaving home. You no longer need to bear the costs of postage and checking of paper tickets, saving delivery costs, inquiry costs, funds in transit and time costs.

3. Contribute to the formation of a unified national bill market

By promoting the development of electronic bills, we can eliminate the repeated problems of counterfeit bills, cloned bills, multiple sales of one bill, etc., and standardize and unify the bill market to promote the connectivity and development of financial markets.