What s going on with the central bank s cancellation of the Hukou Migration Certificate ?

According to the central bankIn order to implement the decision-making and deployment of streamlining administration and delegating powers, optimizing services, and reducing certificates to facilitate the people, the People's Bank of China, together with relevant departments, has conscientiously carried out the clean-up of certification matters, and a total of 11 certification items such as "household registration migration certificate" have been cancelled. The relevant provisions of 4 regulations and 5 normative documents were revised, including the Measures for the Administration of Educational Savings and the Detailed Rules for the Implementation of the Measures for the Administration of Payment Services of Non-financial Institutions.

The central bank said that in the next step, the People's Bank of China will continue to promote the reduction of certificates to facilitate the people, optimize the business environment, and continuously improve the level of financial services.

People's Bank of ChinaIn addition to the cancellation of the "Certificate of Household Registration", there are also 10 certification items such as "Certificate of No Criminal Record", "Supporting Materials Related to Academic Qualifications and Technical Titles", and "Supporting Documents Related to Information Transfer Agreement", which are as follows:

1. Proof of physical inventory of the spot exchange approved by ***;

2. The first production capacity certificate issued by the industry competent department or self-regulatory organization;

3. Proof of not opening a basic deposit account at a branch of the People's Bank of China in the place of registration;

4. Certificate of household registration migration;

5. Certificate of no criminal record;

6. Supporting materials related to academic qualifications and technical titles;

7. Supporting documents related to the information transfer agreement;

8. Handle the corresponding supporting documents for fund transfer;

9. Proof of the judicial department and other relevant supporting documents (such as the receipt of the judicial recovery of the old official seal or the receipt of the report or the original newspaper with the declaration of invalidity of the loss

photocopy); 10. Business certificate with official seal issued by the village committee;

11. Proof of the relationship between the spouse, parents or adult children as the person and the recipient.

documents, the neighborhood committee of the community where the person is located.

Villager committee member. will) or a certificate of special circumstances issued by a hospital at or above the county level.

In order to optimize services and reduce certificates to facilitate the people, the People's Bank of China said on the 2nd that it has seriously carried out the clean-up of certification matters in conjunction with relevant departments, canceled 11 certification items such as "certificate of household registration migration", and revised some rules and normative documents.

On the same day, the People's Bank of China released a list of certification items cancelled in 2020, showing that the applicant cancelled a batch of certification items when applying for the import and export license of ** and ** products, opening a bank settlement account of the unit in a different place, and applying for a payment business license.

Among them, it is worth noting that depositors who are unable to go to the bank on their own such as inconvenienced and incapable of self-care will no longer be required to issue proof of relationship when handling business such as loss reporting, password reset, account cancellation, etc., and their spouses, parents or adult children are no longer required to issue proof of relationship, and the community neighborhood committee (villager committee) and above organizations or hospitals at or above the county level do not need to issue a certificate of special circumstances of hunger. After canceling these stupid and frank certification matters, the bank can handle it by agreeing with the customer to take the form of door-to-door service, or it can also entrust the party to handle it on behalf of the party under the premise of controllable risk and effective verification of the customer's identity and willingness.

In addition, the PBOC has also revised the relevant provisions of 4 regulations and 5 normative documents, including the Measures for the Administration of Education Savings and the Detailed Rules for the Implementation of the Measures for the Administration of Payment Services for Non-financial Institutions.