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Immunity Law of the People Republic of China on Judicial Compulsory Measures for Property of Foreign Central Banks

Promulgating Organ: The Standing Committee of the National People's Congress

Date of Promulgation: October 25, 2005

Date of Implementation: October 25, 2005

Applicable Scope: Judicial compulsory measures for property of foreign central banks.

Major Contents: In this Law, the definition of foreign central bank is stipulated. It is also prescribed that when a foreign country does not provide immunity in property to the central bank of the People's Republic of China or to the institutions engaging in financial management in special administrative regions of the People's Republic of China, or the immunity provided by the foreign country is lower than the provision of this Law, the People's Republic of China shall handle this matter according to reciprocal principals.

Source: Legislative Affairs Office of the State Council

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