In July, Hebei Province began to conduct registration management for personal deposits and withdrawals of more than 100,000 yuan
On June 30, the reporter learned from the People’s Bank of China Shijiazhuang Central Sub-branch that the People’s Bank of China decided to conduct large-scale cash management work in Hebei Province from July 1, 2020, fill in the relevant regulatory shortcomings, and regulate large amounts of cash. Use, curb the use of large amounts of cash for illegal crimes, and maintain economic and financial order.
The overall requirement for large-amount cash management is to "guarantee reasonable demand, curb unreasonable demand, and curb illegal demand." The large cash management business mainly consists of the counter business with physical cash transfer, including self-service deposits and withdrawals through large-scale high-speed cash deposit and withdrawal equipment, and develops preventive measures against evasive regulatory actions such as splits and hidden cash postings.
The starting point for the management of private accounts in Hebei Province is 100,000 yuan (inclusive), and the starting point for the management of public accounts is 500,000 yuan (inclusive). That is, an individual deposit and withdrawal of more than 100,000 yuan and a unit deposit and withdrawal of more than 500,000 are required to make an appointment and registration system. The withdrawal indicates the purpose, the deposit indicates the source, and is included in the large cash management information system to achieve information support and sharing.
According to reports, in recent years, although my country's non-cash payment business has developed rapidly, the total amount of cash in circulation is stable, and the amount of large-value cash transactions continues to grow. Large-value cash withdrawals have become an important channel for circulating cash. More and more large cash transactions are concentrated in specific fields, specific groups, and specific periods, and the overall efficiency of cash circulation is not high. In order to meet the needs of the current situation, my country urgently needs to strengthen the management of large amounts of cash to ensure reasonable demand, suppress unreasonable demand, and provide support for curbing the use of large amounts of cash for illegal crimes.
Staff of the Shijiazhuang Central Sub-branch of the People's Bank of China said that in actual life, the starting point of large cash management of 100,000 yuan for private accounts will not significantly affect the daily economic activities of the public. First, at present, my country has many payment methods such as cash, bills, transfers, online, mobile and so on. The diversified payment methods can meet the daily production and life needs of the vast majority of the public. Second, the daily cash usage of the vast majority of the general public will be lower than the specified starting point for large cash management amounts. The third is that under the premise of lawfulness and reasonableness, the public's freedom to deposit and withdraw money is fully protected. As long as customers fulfill their registration obligations in accordance with the regulations, large-volume access is now not restricted. Fourthly, for the public who actively propose the need for cash services, banking financial institutions will make good cash service guarantee measures in advance to further improve the level of cash services.
At present, the Shijiazhuang Central Sub-branch of the People's Bank of China has formulated implementation rules and emergency plans, built a large-value cash business information system, and guided banking financial institutions to optimize internal business processes, strengthen personnel training, and provide related services to ensure large-value cash. Management was implemented smoothly. (Reporter CCTV reporter Wang Shuainan Li Wenchao)