In order to meet the socialist market economy development need, further promote our country’s silver production and consumption; realize the silver resources reasonable disposition, the silver management reform as well as the related necessary policy already authorized by the State Council, presently notice as follows:  

First, according to the socialist market economy request, cancel the silver uniform purchase and allocation management system, open the silver market; allow silver production enterprise with to meet directly with the silver unit production and marketing.  

Second, cancel the policy of exempting increment duty to the silver production enterprise and appropriate special silver fund policy. The increment duty will formulated by the national tax affairs bureau.  

Third, cancel the retail sales service permission control system (silver coin is an exception) of silver product processing, wholesale and retail business. The silver production management is according to general commodity related stipulation management.  

Fourth, support and encourage domestic silver production enterprise to organize the silver export. Export silver (silver coin, silver product and national stock silver to be an exception) is handled by "Silver Export Management Tentative method" formulated by according to Ministry of Foreign Trade and Economy (means to send in addition).  

Fifth, suitably limit silver and its product’s import. The Import and its products are handled by "Silver Import Management Tentative method" formulated by main customs administration (means to send in addition).  

Sixth, organize the silver to go on the market transaction by using current color metal exchange market. The concrete implementation plan will be responsible by the national Economic and Trade Committee to organize and formulate.  

Seventh, in order to steadily advance the silver management and system reform, before the end of 1999, the People's Bank still suitably retained the silver’s purchase and sales business. From January 1, 2000, the People's Bank no longer handles the silver purchase and sales business.