Article 19 Units applying for dealing in (including processing and selling) gold and silver products, chemical products containing gold and silver, and recovering gold and silver from waste residue, waste liquid and waste containing gold and silver must be examined and approved by the People's Bank of China and relevant competent authorities in accordance with relevant state regulations and examination and approval procedures, and registered with the administrative department for industry and commerce before starting business.
Article 20 Business units must operate in accordance with the approved business scope of gold and silver, and may not change the business scope without authorization, and may not deduct, misappropriate or purchase gold and silver in the course of operation.
Article 21 The People's Bank of China shall handle the casting and distribution of gold and silver commemorative medals, and no other unit may cast, copy or distribute them.
The export of gold medals (plates) shall be handled separately by the People's Bank of China and the Ministry of Foreign Economic Relations and Trade of People's Republic of China (PRC).
Article 22 Entrusting or consignment shops shall not purchase or consign gold and silver products and gold and silver equipment. Jewelry stores can buy jewelry inlaid with gold and silver for export, but they are not allowed to buy or sell gold and silver products and equipment. Gold and silver products are purchased by the People's Bank of China for export.
Article 23 Individual silversmiths in frontier minority areas and coastal areas where the relatives of overseas Chinese are concentrated may, with the approval of the People's Bank of China at or above the county level and the administrative department for industry and commerce, engage in the business of processing and repairing gold and silver products on behalf of customers, but may not purchase or sell gold and silver products.
Article 24 The State allows individuals to mail gold and silver ornaments, and the specific administrative measures shall be formulated by the People's Bank of China in conjunction with People's Republic of China (PRC) and the Ministry of Posts and Telecommunications.