广发银行

Core Insights - The development of China's treasury system has evolved significantly over the past century, transitioning from a revolutionary framework to a modern, efficient treasury management system [2] Historical Development - The establishment of the Red Treasury during the early years of the Chinese Communist Party marked the beginning of a structured treasury system, which matured through various phases, including the Long March and the establishment of a three-tiered organizational structure [3] - After the founding of New China, the government implemented treasury management reforms, starting with the issuance of treasury bonds in 1981, which laid the groundwork for modern treasury operations [2][4] Legal Framework - The legal framework for treasury management was solidified with the promulgation of several key regulations, including the "People's Republic of China Treasury Law" in 1985, which defined the roles of the State Treasury and the People's Bank of China [4] Modern Treasury Management System - The introduction of the Tax Information Processing System (TIPS) in 2006 marked a significant advancement in real-time treasury operations, followed by the launch of the Treasury Management Information System (TMIS) in 2010, enhancing the efficiency of treasury operations across the nation [5] - The People's Bank of China has focused on innovation and technology to modernize the treasury system, establishing a comprehensive digital treasury management framework [5]