The pilot large cash management in the three places will not affect the daily economic activities of the public.
On November 5, the people's Bank of China openly solicited opinions from the public on the Circular on the pilot Development of large Cash Management in Hebei Province, Zhejiang Province and Shenzhen City (draft for Public solicitation of opinions).
The circular makes it clear that we should proceed from the reality of our country, make up for the shortcomings of supervision and management in the field of the use and management of large cash flows, strengthen the analysis of the use of large cash flows and information sharing, and standardize the use of large amounts of cash. We will establish a monitoring network for large cash transactions covering the whole society, optimize the cash flow environment, save social resources, curb the use of large amounts of cash for crimes, and maintain economic and financial order.
Based on the actual use of cash flow and management basis, the first batch of pilot areas were selected for Hebei Province, Zhejiang Province, Shenzhen City. Among them, the management foundation of large cash business of banking financial institutions in Hebei Province is good, Zhejiang Province and Shenzhen City are the key areas of national cash investment, and the large amount of cash used in some industries and individual accounts in Zhejiang Province is prominent. The cross-border flow of RMB banknotes between Shenzhen and Hong Kong is widespread. The starting point of the amount of management of public accounts in various pilot regions is 500000 yuan, and that of private accounts is 100000 yuan in Hebei Province, 300000 yuan in Zhejiang Province and 200000 yuan in Shenzhen City.
Specifically, this pilot project will last for two years and will be implemented in stages by regions. The first step is to comprehensively standardize the large cash business of commercial banks in Hebei Province, and explore the real estate industry in Xingtai City and the medical industry in Qinhuangdao City to record and report large cash transactions. Second, after the pilot project in Hebei Province has been carried out steadily, we will promote the pilot content of comprehensively standardizing the large cash business of commercial banks in Zhejiang Province and Shenzhen City. And in Zhejiang Province to explore wholesale and retail, real estate sales, construction, automobile sales industry enterprises to withdraw large amounts of cash and use the amount of cash management, In Shenzhen, we will explore ways to strengthen the management of large amounts of cash used in private accounts, strengthen the monitoring of entry and exit of large amounts of cash and RMB cash business in Hong Kong, and select suitable cities to explore measures to promote personal income reporting.
"large cash management will not affect the daily economic activities of the public." The person in charge of the central bank stressed: first, at present, there are many and widely used payment methods in our country, and diversified payment methods can meet the daily production and life needs of the vast majority of the public. Second, the daily cash use of the vast majority of the public will be lower than the prescribed starting point of large cash management amount, and will not be affected by any inconvenience. Third, as long as customers perform their registration obligations in accordance with the regulations, large access is not restricted. Fourth, for the public who take the initiative to put forward the need for cash services, banking financial institutions will do a good job in cash service safeguard measures in advance. (reporter Chen Guojing)