Article 2 The term "special financial account" as mentioned in these Measures refers to the bank settlement account opened by the financial department in banking financial institutions for the management and accounting of specific funds in order to perform financial management functions. The term "special funds" as mentioned in these Measures includes social insurance funds, loan grants from international financial organizations and foreign governments, debt repayment reserves, single account non-tax income turned over to the state treasury, education fees, business expenses of lottery issuers and sales organizations, and funds of escrow budget units. The term "banking financial institutions" as mentioned in these Measures refers to commercial banks, urban credit cooperatives, rural credit cooperatives and other financial institutions and policy banks established in People's Republic of China (PRC) according to law. The financial zero-balance account opened by the financial department according to the reform plan of the financial treasury management system does not belong to the financial special account.
Article 3 These Measures shall apply to the management of financial accounts of financial departments at or above the county level (including municipal districts and county-level development zones).
Article 4 The management of special financial accounts shall follow the principles of safety, standardization, simplification, unification and transparency.
Article 5 The special financial accounts shall be incorporated into the national treasury single account system, and shall be uniformly managed by the treasury management institution of the financial department.
Article 6 In principle, the financial departments (bureaus) of provinces, autonomous regions, municipalities directly under the Central Government and cities under separate state planning shall not open more than five financial accounts for social insurance funds, and the financial departments at the county (district) level shall not open more than three financial accounts for social insurance funds. The same bank is only allowed to open 1 financial accounts for social insurance funds.
The Ministry of Finance shall timely review the application materials for opening an account submitted by the provincial finance department. If the application materials are incomplete, notify the provincial finance department to complete the materials within 5 working days after receiving the materials. For those who agree to open a financial account, an approval letter for opening a financial account shall be issued to the financial department applying for opening a financial account within 15 working days after receiving the application materials or filling in the complete materials. Legal basis: Article 2 of the Interim Measures for the Administration of Financial Special Account of Social Security Fund Incorporated into the Financial Special Account of Central Social Security Fund, including: the basic old-age insurance fund for employees of enterprises in central units, the surplus funds of drug revenue and expenditure in hospitals directly under the central government in Beijing, the surplus funds of basic old-age insurance for employees of enterprises in central units integrated with the original industry, and other central social security funds incorporated into the financial special account of central social security fund according to regulations.