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Regulation on the Real Name System of Personal Deposit Accounts implemented on April 1, 2000
On April 1, 2000 (February 27, 2000), the Personal Deposit Account Real Name Regulations were implemented. The State Council Personal Deposit Account Real Name Regulations require from April 1, 2000, residents to open a deposit account in any financial institution, must use the name and number on the legal identity document. Any Chinese citizens who live in the territory over the age of 16, when opening a personal deposit account in the relevant financial institution or processing the first deposit on the original account, the actual identity document in addition to the resident identity card or temporary resident identity card, also includes the account book, passport. The military retired cadres (armed police) and the current military officers who studied in the liberated military school, open a personal deposit account in the relevant financial institution or deposit the first deposit card on the original border account, the actual identity card is: honorary officer identity


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