Such rules as the Law of the People’s Republic of China on the People’ s Bank of China, the Commercial Banking Law of the People’s Republic of Chin, the Law of the People’s Republic of China on Banking Regulation and Supervision, the Securities Law of the People’s Republic of China, and the Insurance Law of the People’s Republic of China which regulate financial supervision, financial institutions and their behaviors, have formed the fundamental legal framework for the financial sector.
The Law on Administrative Penalty, the Law on Administrative Appeal, and the Law on Administrative License are designed to regulate the administrative behavior of financial supervisors. In addition, the Law on Negotiable Instruments, the Guarantee Law, and the Company Law are designed to regulate civil and commercial relations.