(Dingmao July 27), September 19, 1987, China's first price management regulations formally promulgated and implemented.

1987 9 19, the first price management official Bill - the People's Republic of China Price Management Ordinance promulgated incorporated into the legal system, which marks China's price management and supervision and inspection. "Bill" is developed modified Price Provisional Regulations on the basis of 1982. Than the original Provisional Regulations on four aspects: First, clear the current national pricing, national guidance prices and market adjusted; Second, is the task of the price department at all levels of information services and to strengthen coordination, guidance functions; add price rights and obligations "provisions of the five the rights enjoyed by the enterprises in the areas of price control and must fulfill the five obligations; strengthen price supervision and inspection, to mobilize the masses to supervise and inspect the price.