Key practical points:
• It protects a depositor's right to withdraw funds and to account confidentiality within legal limits.
• It binds banks to safety, liquidity and profitability principles and against misusing customer funds.
• A customer's account may be frozen or debited only under law or a judicial/official order.
• Interest and fees must be clearly disclosed.
• A resident foreigner is subject to the same rules, sometimes with extra ID requirements.
• A customer may complain to the regulator on a breach.
Commercial Banking Law · Yalla China
中华人民共和国商业银行法 / Commercial Banking Law
Enacted: 1995-05-10 ✅ Effective: 1995-07-01
📝 Overview
A law regulating commercial banks, protecting deposits, and the rights and duties of customer and bank.
This is general information only, not legal advice. For your specific case, consult a licensed lawyer.
📜 The law text / key provisions
💬 Practical reading
💬 This is a general reading/opinion for orientation — not the official legal text nor legal advice.
Your rights as a bank customer are protected: your money is yours, your account is confidential, and no one may debit it except by lawful order. If the bank charges undisclosed fees or acts unlawfully, you can complain to the regulator. As a foreigner, have ID and residence proof ready to open an account. General orientation, not legal advice.
📎 Official source
People's Bank of China / National Financial Regulatory Administration
🕒 Updated: 16 March 2026