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INTERPRETATION OF THE STANDING COMMITTEE OF THE NATIONAL PEOPLE'S CONGRESS ABOUT THE PROVISIONS REGARDING THE CREDIT CARD IN THE CRIMINAL LAW OF THE PEOPLE'S REPUBLIC OF CHINA |
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(Adopted at the 13th Session of the Tenth Standing Committee of the National People's Congress on December 29, 2004)
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SUBJECT : CRIMINAL LAW; INTERPRETATION; CREDIT CARD |
ISSUING DEPARTMENT : THE STANDING COMMITTEE OF THE NATIONAL PEOPLE'S CONGRESS OF THE PEOPLE'S REPUBLIC OF CHINA |
ISSUE DATE : 12/29/2004 |
IMPLEMENT DATE : 12/29/2004 |
LENGTH : 80 words |
TEXT : |
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The Standing Committee of the National People's Congress discussed the definition of "credit card" provided in the Criminal Law by taking judicial practices into consideration, and hereby gives the interpretations as below:
The "credit card" provided in the Criminal Law refers to the electronic payment cards issued by the commercial banks or other financial institutions, which possesses all or some of the functions of, e.g., consumption payment, getting loans, transfer account settlement, and depositing and drawing cash, etc.
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