China Banknote Printing and Minting Corporation


China Banknote Printing and Minting Corporation

China Banknote Printing and Minting Corporation (CBPMC), (simplified Chinese: 中国印钞造币总公司; traditional Chinese: 中國印鈔造幣總公司; pinyin: Zhōngguó Yìnjiàn Chāozào Bìzǒng Gōngsī) 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.[1]

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 banknotes 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 [2].

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.

References

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