How much is considered a large purchase

The following three cases are large-value purchases in RMB:

1. Single transfer payments between legal persons, other organizations and individual business households amounting to more than 1 million yuan;

2. Single cash payments and receipts amounting to more than 200,000 yuan, including cash deposits and deposits, cash withdrawals, and cash remittances, cash bills of exchange, and cash cash promissory notes;

3. Transactions such as transfers of money between individual bank settlement accounts and between individual bank settlement accounts and unit bank settlement accounts amounting to more than 200,000 yuan.

4. Transactions such as transfers of more than 200,000 yuan between individual bank settlement accounts and between individual bank settlement accounts and unit bank settlement accounts.

Expanded Information:

Article I In accordance with the "People's Republic of China*** and the State Government Procurement Law" (hereinafter referred to as the Government Procurement Law), the formulation of these regulations.

Article 2 The financial funds referred to in Article 2 of the Government Procurement Law, including the financial budget funds and other funds included in the financial management.

The borrowed funds with financial funds as the source of repayment, the borrowed funds secured by state-owned assets in the possession or use of institutions and organizations are regarded as financial funds.

Procurement using fiscal funds, as referred to in Article 2 of the Government Procurement Law, means procurement conducted by the purchaser using all or part of the fiscal funds.

Article 3 of the Government Procurement Law, Article 2 of the centralized purchasing directory, refers to the centralized purchasing of goods, works and services should be carried out in the catalog of categories of items; referred to as the procurement limit standard, refers to the centralized purchasing directory outside the category of goods, works and services should be carried out by the government procurement of the minimum amount of the standard categories of goods, works and services.

Article 4 of the Government Procurement Law, Article 2 of the goods referred to in the goods, refers to various forms and types of items, including tangible and intangible things. Trademark exclusive right, copyright, patent and other intellectual property rights are regarded as goods.

Works, as referred to in Article 2 of the Government Procurement Law, are works for the construction of structures and buildings, including new construction, alteration, expansion, renovation, dismantling and repair, as well as the survey, design, construction and supervision related to construction works.

Services, as referred to in Article 2 of the Government Procurement Law, are the objects of government procurement other than goods and works, including all kinds of professional services, information network development services, financial and insurance services, transportation services, as well as repair and maintenance services.

If a procurement project contains different procurement objects, the procurement object that accounts for the highest percentage of the project funds shall be used to determine its project attributes.

Article 5 of the government procurement works for bidding and tendering, the bidding and tendering law shall apply, but the bidding and tendering law does not provide, shall apply the government procurement law.

Government procurement works without bidding and tendering, shall be in accordance with the provisions of the Government Procurement Law and these Regulations.

Article 6 When the purchaser determines the procurement requirements and when the purchaser and the purchasing agent formulate the procurement documents such as the bidding documents, negotiation documents, and inquiry documents, they shall not designate the suppliers or brands of the goods, or formulate the technical specifications pointing to the specific products, and shall not contain any unreasonable restrictive conditions.