China Banknote Printing and Minting Corporation
Encyclopedia
China Banknote Printing and Minting Corporation (CBPMC), is a state-owned corporation
which carries out the minting
of all renminbi
coins and printing of renminbi banknotes for the People's Republic of China
headquartered in Beijing
.
CBPMC uses a network of printing and engraving and minting facilities around the country to produce banknotes and coins for subsequent distribution. Banknote printing facilities are based in
Beijing
, Shanghai
, Chengdu
, Xi'an
, Shijiazhuang
, and Nanchang
.
Mints are located in Nanjing
, Shanghai
, and Shenyang
. Also, high grade paper
for the banknote
s is produced at two facilities in Baoding
and
Kunshan
. The Baoding facility is the largest facility in the world
dedicated to developing banknote material according to its website
.
In addition, the People's Bank of China
has its own printing technology research division which research new techniques for creating banknotes and making counterfeiting more difficult.
The CBPMC bases its production of currency on the macroeconomic planning
of the People's Bank of China
.
Corporation
A corporation is created under the laws of a state as a separate legal entity that has privileges and liabilities that are distinct from those of its members. There are many different forms of corporations, most of which are used to conduct business. Early corporations were established by charter...
which carries out the minting
Mint (coin)
A mint is an industrial facility which manufactures coins for currency.The history of mints correlates closely with the history of coins. One difference is that the history of the mint is usually closely tied to the political situation of an era...
of all renminbi
Renminbi
The Renminbi is the official currency of the People's Republic of China . Renminbi is legal tender in mainland China, but not in Hong Kong or Macau. It is issued by the People's Bank of China, the monetary authority of the PRC...
coins and printing of renminbi banknotes for the People's Republic of China
People's Republic of China
China , officially the People's Republic of China , is the most populous country in the world, with over 1.3 billion citizens. Located in East Asia, the country covers approximately 9.6 million square kilometres...
headquartered in Beijing
Beijing
Beijing , also known as Peking , is the capital of the People's Republic of China and one of the most populous cities in the world, with a population of 19,612,368 as of 2010. The city is the country's political, cultural, and educational center, and home to the headquarters for most of China's...
.
CBPMC uses a network of printing and engraving and minting facilities around the country to produce banknotes and coins for subsequent distribution. Banknote printing facilities are based in
Beijing
Beijing
Beijing , also known as Peking , is the capital of the People's Republic of China and one of the most populous cities in the world, with a population of 19,612,368 as of 2010. The city is the country's political, cultural, and educational center, and home to the headquarters for most of China's...
, Shanghai
Shanghai
Shanghai is the largest city by population in China and the largest city proper in the world. It is one of the four province-level municipalities in the People's Republic of China, with a total population of over 23 million as of 2010...
, Chengdu
Chengdu
Chengdu , formerly transliterated Chengtu, is the capital of Sichuan province in Southwest China. It holds sub-provincial administrative status...
, Xi'an
Xi'an
Xi'an is the capital of the Shaanxi province, and a sub-provincial city in the People's Republic of China. One of the oldest cities in China, with more than 3,100 years of history, the city was known as Chang'an before the Ming Dynasty...
, Shijiazhuang
Shijiazhuang
Shijiazhuang is the capital and largest city of North China's Hebei province. Administratively a prefecture-level city, it is about south of Beijing...
, and Nanchang
Nanchang
Nanchang is the capital of Jiangxi Province in southeastern China. It is located in the north-central portion of the province. As it is bounded on the west by the Jiuling Mountains, and on the east by Poyang Lake, it is famous for its scenery, rich history and cultural sites...
.
Mints are located in Nanjing
Nanjing
' is the capital of Jiangsu province in China and has a prominent place in Chinese history and culture, having been the capital of China on several occasions...
, Shanghai
Shanghai
Shanghai is the largest city by population in China and the largest city proper in the world. It is one of the four province-level municipalities in the People's Republic of China, with a total population of over 23 million as of 2010...
, and Shenyang
Shenyang
Shenyang , or Mukden , is the capital and largest city of Liaoning Province in Northeast China. Currently holding sub-provincial administrative status, the city was once known as Shengjing or Fengtianfu...
. Also, high grade paper
for the banknote
Banknote
A banknote is a kind of negotiable instrument, a promissory note made by a bank payable to the bearer on demand, used as money, and in many jurisdictions is legal tender. In addition to coins, banknotes make up the cash or bearer forms of all modern fiat money...
s is produced at two facilities in Baoding
Baoding
-Administrative divisions:Baoding prefecture-level city consists of 3 municipal districts, 4 county-level cities, 18 counties:-Demographics:The Baoding urban area has a population of around 1,006,000 . The population of the Baoding administrative area is 10,890,000. The considerable majority are...
and
Kunshan
Kunshan
Kunshan is a satellite city in the greater Suzhou region. Administratively, it is a county-level city within the prefecture-level city of Suzhou. It is located in southeastearn part of Jiangsu Province, China, adjacent to Jiangsu's border with the Shanghai Municipality.The total area of Kunshan...
. The Baoding facility is the largest facility in the world
dedicated to developing banknote material according to its website
.
In addition, the People's Bank of China
People's Bank of China
The People's Bank of China is the central bank of the People's Republic of China with the power to control monetary policy and regulate financial institutions in mainland China...
has its own printing technology research division which research new techniques for creating banknotes and making counterfeiting more difficult.
The CBPMC bases its production of currency on the macroeconomic planning
Planning
Planning in organizations and public policy is both the organizational process of creating and maintaining a plan; and the psychological process of thinking about the activities required to create a desired goal on some scale. As such, it is a fundamental property of intelligent behavior...
of the People's Bank of China
People's Bank of China
The People's Bank of China is the central bank of the People's Republic of China with the power to control monetary policy and regulate financial institutions in mainland China...
.