The People's Bank of China announced on December 29 that the People's Bank of China recently imposed financial penalties on two units and relevant responsible persons who refused to accept RMB cash in accordance with the law, and exposed them.
According to the penalty information released by the People's Bank of China, the exposed units are Chinese Life Property Insurance Co., Ltd., Beijing Huairou Branch Company, and Beijing Dashixing Century Automobile Sales Co., Ltd., with fines of 190,000 yuan and 50,000 yuan respectively. These two companies were mainly punished for refusing to allow the public to use RMB cash to purchase insurance and car insurance.
Refuse to accept RMB cash, fine!
Image from the People's Bank of China website
The reporter learned from the People's Bank of China that the People's Bank of China continues to promote the rectification of the refusal to accept RMB cash, and has recently carried out special rectification work. The People's Bank of China punishes and exposes those who are verified to refuse to accept RMB cash in accordance with the law, effectively protecting the legitimate rights and interests of consumers and safeguarding the legal status of RMB.
Relevant people from the People's Bank of China introduced that the public can defend their rights in accordance with the law when they encounter the refusal to accept cash. The majority of business entities should strengthen the concept of the rule of law, maintain the legal status of the RMB, operate in good faith, respect the public's right to choose payment, and jointly create a harmonious cash circulation environment.
