Fiscal funds managed by state treasury belong to the whole nation; therefore, it is the PBC’s responsibility to safeguard its timely and full collection and proper use. In China, each government level has its own treasury, even the government at county level, so the treasury system is also a huge one.
The state treasury has also established computer network and undergone continuous upgrade to make sure that tax revenue can be timely collected and fiscal funds can be transferred on time. To properly provide the above-mentioned services, the relevant systems should function safely and soundly without interruption, so a back-up system must be established.