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Criminal Law of the People's Republic of China
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Criminal Law of the People's Republic of
China
Updated: 2020-12-26
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Section 4
Crimes of Undermining Order of Financial Management
Article 170 Whoever counterfeits currency shall be sentenced to fixed-term imprisonment of not less
than 3 years but not more than 10 years, and concurrently, a fine; and shall be sentenced to fixedterm imprisonment of not less than 10 years or life imprisonment, and concurrently, a fine or
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confiscation of property under any of the following circumstances:
(1) being a ringleader of a currency-counterfeiting organization;
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(2) having counterfeited currency in an especially large amount; or
(3) there being other especially serious circumstances.
Article 171 Whoever sells or purchases counterfeit currency or knowingly transports counterfeit
currency, if the amount involved is relatively large, shall be sentenced to fixed-term imprisonment of
not more than 3 years or short-term custody, and concurrently, a fine of not less than RMB 20,000
yuan but not more than RMB 200,000 yuan. If the amount involved is large, the offender shall be
sentenced to fixed-term imprisonment of not less than 3 years but not more than 10 years, and
concurrently, a fine of not less than RMB 50,000 yuan but not more than RMB 500,000 yuan. If the
amount involved is especially large, the offender shall be sentenced to fixed-term imprisonment of
not less than 10 years or life imprisonment, and concurrently, a fine of not less than RMB
50,000 yuan but not more than RMB 500,000 yuan or confiscation of property.
An employee of a bank or any other financial institution who purchases counterfeit currency or, by
taking advantage of his position, exchanges counterfeit currency for genuine one, shall be sentenced
to fixed-term imprisonment of not less than 3 years but not more than 10 years, and concurrently, a
fine of not less than RMB 20,000 yuan but not more than RMB 200,000 yuan. Where the amount
involved is large or there are other serious circumstances, the offender shall be sentenced to fixedterm imprisonment of not less than 10 years or life imprisonment, and concurrently, a fine of not
less than RMB 20,000 yuan but not more than RMB 200,000 yuan, or confiscation of property.
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