A new regulation has been entered into force that addresses the problem of enforcement against the passing of counterfeit money. Overall, this regulation provides guidelines for the design, printing, issuance and circulation of China's currency, the RMB Yuan, but it also specifically addresses new measures for the prevention of counterfeiting.

In order to effectively execute this regulation, a few of the rules that are provided under these guidelines must still be solidified. Such issues as the maximum amounts of counterfeit currency that financial institutions can confiscate, the definitions and coverage areas of state-owned commercial banks and the operation and time limit of the counterfeit identification procedures remain unaddressed.

Although such points have yet to be finalized, the overall aim of this regulation is maintain consistency with the Central Bank's prior directives on the same subject, and also their existing practice. This regulation confers upon commercial banks the administrative power and responsibility to confiscate counterfeit money. This serves to efficiently broaden the scope of legal enforcement and reduce the circulation of counterfeit funds.