China News Service, January 21. According to the central bank’s website, in the fourth quarter of 2020, the People’s Bank of China imposed financial penalties on 16 units and related persons responsible for rejecting cash. The penalties ranged from RMB 500 to RMB 500,000.
The central bank stated that since October 2020, the People's Bank of China has implemented the requirements of the State Council, with the goal of serving consumption, unblocking the payment circulation environment, and protecting people's livelihoods, has issued guidance announcements on RMB cash receipts and payments, strengthened regulation and guidance, and carried out in-depth rejection of RMB cash Centralized rectification of behavior.
In the fourth quarter of 2020, the People's Bank of China imposed economic penalties on 16 units that refused to accept cash and related persons responsible. The penalties ranged from RMB 500 to RMB 500,000.
The 16 units that were punished were mainly park attractions, public service agencies, parking lots, insurance companies, etc. They were: China Life Insurance Co., Ltd. Beijing Branch Beiwei Road Business Department, Beijing Aikang Guobin Jiuxianqiao Clinic Co., Ltd. , Beijing Zhongshan Park Management Office, Tianjin Yangliuqing Ancient Town Tourism Development Co., Ltd., China Land Property Insurance Co., Ltd. Baoding Center Branch, Datong Youxin Environmental Protection Technology Co., Ltd., Shanxi Yujing Property Service Co., Ltd., Hangzhou Yuhang Chaoshan Scenery Scenic Resorts Co., Ltd., Hangzhou Kuahuqiao Scenic Area Construction Management Co., Ltd., Qingtian Xiangyi Property Service Co., Ltd., Fuyang Xuri Property Management Co., Ltd., Wuhan Youyouda Property Management Co., Ltd., China Ping An Property Insurance Co., Ltd. Ya'an Center Branch , Zhashui Zhongnan Shanzhai Tourism Development Co., Ltd., Yinchuan Shunbo Parking Management Co., Ltd., Xinhua Life Insurance Co., Ltd. Aksu Center Branch.
The central bank pointed out that the above-mentioned units subject to punishment have weak legal awareness, or lack of service awareness, or for commercial purposes, posted "no cash" signs, and used "no contact" and "requests from superiors" as grounds to be on duty and complete Reject cash if the conditions for cash receipt are available.
In the next stage, the People's Bank of China will adhere to the combination of publicity and guidance and severe punishment, continue to in-depth rectification, unblock complaints and reporting channels, standardize the verification of relevant clues, penalize and expose behaviors verified as refusal of cash in accordance with the law, and effectively protect the legality of consumers rights and interests.
The majority of business entities should strengthen the concept of the rule of law, maintain the legal status of the renminbi, operate with integrity, respect the public's right to choose payment, improve services, and jointly create a harmonious cash circulation environment.