PICC(SH:601319) Xin Hua Cai Jing·2026-01-22 08:47Core Viewpoint - The People's Bank of China (PBOC) has imposed economic penalties on two entities for refusing to accept cash payments, emphasizing the importance of respecting the public's right to choose payment methods and maintaining the status of the Renminbi as legal tender [1] Group 1: Regulatory Actions - The PBOC will continue to enforce regulations against the refusal of cash payments to protect consumer rights and uphold the legal status of the Renminbi [1] - Two entities were penalized for violating the law regarding cash payments, with one receiving a fine of 0.2 million yuan and the other 0.3 million yuan [2] Group 2: Specific Violations - Jiangsu Urban Management Company was found to have refused cash payments for vehicle fees, leading to a warning and a fine of 0.2 million yuan [2] - China People's Insurance Company was also penalized for similar violations, receiving a warning and a fine of 0.3 million yuan [2]