For the first time, the central bank adopted a market-based approach to issue ordinary commemorative coins
There are more channels to buy commemorative coins (financial staff)
In recent years, the enthusiasm of Chinese residents to buy and collect commemorative coins has continued to heat up. In particular, ordinary commemorative coins issued by the People's Bank of China in limited quantities and with specific themes have been widely welcomed by the market.
Recently, the People's Bank of China issued an announcement that it is scheduled to issue the World Cultural and Natural Heritage-Wuyishan Ordinary Commemorative Coin (hereinafter referred to as Wuyishan Coin) on December 21.
It is worth noting that the Wuyishan coin is the first common commemorative coin issued by market-based issuance. It is divided into two parts: scheduled exchange at face value and premium binding sale. This means that residents will have more channels to buy common commemorative coins in the future.
On July 28 this year, the People’s Bank of China issued the "Interim Regulations on the Administration of the Issuance of Common Commemorative Coins and Standardized Coins", clarifying that the generalized currency will be issued in a market-oriented manner, following the principles of openness, fairness, and justice. , Banking financial institutions form an underwriting group to participate in the bidding, and the winning underwriting group is responsible for reservation exchange and binding sales of general currency.
According to the relevant person of the People’s Bank of China, the reform of the issuance of ordinary commemorative coins adheres to the market orientation, based on the characteristics and traditions of the issuance of ordinary commemorative coins in my country, introduces bidding methods, retains the existing banking financial institutions’ reservation exchange mechanism, increases the binding and sales of universal coins, and enriches the public Gain access to universal currency channels and increase the enthusiasm of banking financial institutions.
Among them, the denomination reservation exchange part is the basis and main body of the issuance of universal currency, and the premium binding sales part is a supplement to the denomination reservation exchange method. The combination of the two can better meet the public's diversified and differentiated demand for ordinary commemorative coins.
At the same time, the People's Bank of China will strengthen the guidance and supervision of the lead underwriters of the universal currency, and effectively improve the service level.
Taking the issuance of Wuyishan Coin as an example, in accordance with the reformed issuance method, on October 23, the People's Bank of China organized a bid for the issuance of Wuyishan Coin, and the Agricultural Bank of China underwriting group won the bid, responsible for the appointment exchange and binding sales of Wuyishan Coin.
In terms of binding sales, in accordance with the "Interim Regulations", the People's Bank of China organizes bidding for the issuance of universal currency, and each underwriting syndicate will bid for the purchase price and binding quantity of the universal currency within the scope of the planned sales volume of the binding sales. For the quotation, the final binding quantity of the universal currency is determined according to the binding quantity of the winning underwriting syndicate.
According to the binding quantity bid by the Agricultural Bank of China underwriting syndicate, the binding quantity of Wuyishan coin is determined to be 20 million. The specific sales channel, price, time and other relevant information are announced by the Agricultural Bank of China.
In terms of appointment exchange, Wuyishan Coin appointment exchange adopts a first-come, first-served appointment method. The Wuyishan Coin appointment was undertaken by the original six commercial banks and changed to the Agricultural Bank of China.
After careful evaluation, the Agricultural Bank of China believes that when its online reservation system is launched, the instantaneous visit volume will increase sharply, and the system will bear too much pressure.
In order to ensure the stable operation of the reservation system and the normal development of reservation business, the Agricultural Bank of China launched online reservations in two time periods.
Collectors need to pay attention to the fact that the People’s Bank of China will use a verification mechanism to record the public’s repeated appointments and the default information of ordinary commemorative coins that have not been redeemed after the appointment. Cannot pass the appointment verification, and cannot process ordinary commemorative coin exchange.
After the Wuyishan coin reservation period is over, the People’s Bank of China will check all the reservation registration records of the Wuyishan coin. Those who have repeated reservations for the same batch of 2020 Lunar New Year commemorative coins, and the first batch of 2020 Lunar New Year commemorative coins have not been exchanged. , Failed to pass the verification, and could not make an appointment for exchange of Wuyishan coins.
Considering that the exchange time of the second batch of 2020 Lunar New Year's ordinary commemorative coins is longer than the appointment time, and the epidemic has restricted public travel activities, the second batch of 2020 Lunar New Year's ordinary commemorative coins will not be processed for default records and will not affect Wuyi Mountain. Currency exchange by appointment.
Don’t worry if the appointment verification fails. You can go to the business office of the banking financial institution to cancel the breach record and keep the Wuyishan coin exchange during the Wuyishan coin verification period with the original second-generation resident identity card used for registration. Qualified business.
Our reporter Wu Qiuyu