Decision of the standing committee of the National peoples congress on Amending the law of the peopl

ate the provisions of this law， the banking regulatory authority under the state council may， on the merits of each case， disqualify， for the positions for a certain period of time or even for the rest of their lives， the directors or senior administrators who are directly in charge， or prohibit the directors or senior administrators who are directly in charge and the other persons who are directly responsible from working in the banking industry for a certain period of time or even for the rest of their lives.

　　If the act committed by a commercial bank is not serious enough to constitute a crime， disciplinary warning shall be given to the director or senior administrator directly in charge or the other person directly responsible， and a fine of not less than 50，000 yuan but not more than 500，000 yuan shall be imposed.

　　Article 90 if a commercial bank or its employees disagree with a decision on a punishment made by the banking regulatory authority under the state council， or the people's bank of china， they may institute proceedings with a people's court in accordance with the provisions of the administrative procedure law of the people's republic of china.

　　Chapter IX

　　Supplementary provisions

　　Article 91 commercial banks established prior to the implementation of this law， with approval granted in accordance with the regulations of the state council， shall not be required to undergo examination and approval procedures again.

　　Article 92 the provisions of this law shall be applicable to foreign-invested commercial banks， commercial banks of Chinese-foreign equity joint venture and branches of foreign commercial banks； and where other laws and administrative regulations provide otherwise， the provisions of those laws and administrative regulations shall prevail.

　　Article 93 In handling their business such as deposits， loans and settlements， urban credit cooperatives and rural credit cooperatives shall apply the relevant provisions of this law.

　　Article 94 the relevant provisions of this law shall be applicable to postal enterprises in handling relevant business of commercial banks.

　　Article 95 this law shall be implemented as of July 1，1995

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