Core Viewpoint - The People's Bank of China, in collaboration with other regulatory bodies, has issued new regulations to ensure the acceptance of cash payments, aiming to protect the legal status of the Renminbi and improve the cash circulation environment in the country [1][2]. Group 1: Regulations and Principles - The new regulations will take effect on February 1, 2026, and are designed to clarify the cash service obligations of various charging units, business entities, and financial institutions [1][2]. - The regulations are based on five fundamental principles: serving the public, problem orientation, comprehensive measures, collaborative governance, and legal punishment [2]. Group 2: Cash Payment Scenarios - The regulations specify that cash payments must be supported in scenarios where face-to-face services are provided, and reasonable change must be available [3]. - For self-service models and locations with unified management, clear signage regarding payment methods and contact information must be displayed [3]. Group 3: Banking Sector Responsibilities - Banks are required to strictly adhere to cash management laws and improve cash service quality to meet the needs of the public and businesses [3][4]. - Banks must ensure that the number and layout of cash service points and self-service machines meet the diverse needs of different customer groups [4]. Group 4: Consumer Rights and Complaints - Consumers are encouraged to retain evidence if cash is refused and to report such incidents through various channels for timely resolution [4].

Weather Update - On December 20, cities including Liuzhou, Hechi, Baise, Chongzuo, Nanning, and Fangchenggang experienced overcast weather with light rain, while other areas had cloudy to overcast conditions with localized light rain [1] - Nanning's weather forecast indicates cloudy to overcast conditions with fog, southeast winds at 1-2 levels, a minimum temperature of 16°C, and a maximum temperature of 24°C [2] Financial Assistance and Employment - As of December 18, 2023, Guangxi has disbursed 800 million yuan in child-rearing subsidies for the 2025 fiscal year, with applications for these subsidies closing on December 31, 2023 [2] - A special action plan has been initiated by the Guangxi Housing and Urban-Rural Development Department to ensure the payment of wages to migrant workers, effective from December 2025 until before the 2026 Spring Festival [2] - The coverage of the housing provident fund for flexible employment workers in Guangxi has expanded, with a total of 147,400 accounts opened and 14,100 housing loans issued by the end of November [2] Incident Reports - A fire in a residential area in Qinzhou on December 18 damaged 60 electric bicycles, with local fire departments currently investigating the cause [2] - Five individuals were hospitalized due to pufferfish poisoning in Beihai, with one patient in critical condition; the toxicity of pufferfish is highlighted, as even 0.5 milligrams can be fatal [2] Regulatory Actions - The National Medical Insurance Administration is seeking public opinion on four foundational standards for the "Medical Insurance Imaging Cloud," which aims to centralize medical imaging data for patients across hospitals [4] - A number of accounts spreading rumors and illegal stock recommendations have been dealt with by the National Internet Information Office and the China Securities Regulatory Commission [4] Entertainment and Sports - The box office for the 2025 New Year film season has surpassed 4 billion yuan as of December 18, 2023 [8] - The China Golf Association has announced sanctions against eight individuals for colluding to alter scores during the 2025 China Amateur Golf Championship [8]

Core Viewpoint - The People's Bank of China will issue the 2026 New Year commemorative coins and banknotes starting from December 22, 2025, including a two-color copper alloy commemorative coin, a commemorative banknote, a gold commemorative coin, and a silver commemorative coin, all of which are legal tender in the People's Republic of China [1][9]. Commemorative Coins and Banknotes - The two-color copper alloy commemorative coin has a face value of 10 yuan, a diameter of 27 mm, and a total issuance of 100 million pieces (including 10,000 pieces for historical currency archives) [9]. - The commemorative banknote has a face value of 20 yuan, dimensions of 145 mm in length and 70 mm in width, made of plastic, with a total issuance of 100 million pieces (including 20,000 pieces for historical currency archives) [9]. Design Features - The front design of the two-color copper alloy commemorative coin features the inscription "People's Bank of China," "10 yuan," the pinyin "SHIYUAN," and the year "2026," with a background pattern of floral designs [1]. - The front of the commemorative banknote showcases a horse design, with the national emblem of the People's Republic of China, the inscription "People's Bank of China," and a seal of the character "马" (horse) [3]. - The back of the two-color copper alloy commemorative coin incorporates traditional Chinese paper-cutting art and decorative year painting elements, featuring a horse image [5]. - The back of the commemorative banknote displays a festive scene with children celebrating with drums, complemented by Mongolian decorative patterns [7]. Gold and Silver Commemorative Coins - The gold commemorative coin weighs 1 gram, has a face value of 10 yuan, a diameter of 10 mm, and a maximum issuance of 150,000 pieces, with a purity of 99.9% [17]. - The silver commemorative coin weighs 8 grams, has a face value of 3 yuan, a side length of 23 mm, and a maximum issuance of 1 million pieces, also with a purity of 99.9% [15].

Group 1 - The People's Bank of China will issue the 2026 New Year commemorative coins and banknotes starting from December 22, 2025, which includes one bi-color copper alloy commemorative coin, one commemorative banknote, one gold commemorative coin, and one silver commemorative coin, all of which are legal tender in the People's Republic of China [1] - The bi-color copper alloy commemorative coin features the inscriptions "People's Bank of China," "10 Yuan," the pinyin "SHIYUAN," and the year "2026," with a background pattern of floral designs [1] - The front design of the commemorative banknote showcases a horse motif, with the national emblem of the People's Republic of China, the inscription "People's Bank of China," the seal of the character for "horse," and various security features including a color-changing denomination number "20," the Chinese characters for "twenty yuan," a dynamic holographic pattern, a transparent window, a blind-spot denomination mark, and a serial number [3]

Core Viewpoint - The People's Bank of China will issue the 2026 New Year commemorative coins and banknotes starting from December 22, 2025, including a dual-color copper alloy commemorative coin, a commemorative banknote, a gold commemorative coin, and a silver commemorative coin, all of which are legal tender in the People's Republic of China [1][18]. Group 1: Commemorative Coins and Banknotes - The dual-color copper alloy commemorative coin features the inscriptions "People's Bank of China," "10 Yuan," the pinyin "SHIYUAN," and the year "2026," with a floral pattern as the background [1]. - The commemorative banknote showcases a horse design as the main feature, with the national emblem of the People's Republic of China, the inscription "People's Bank of China," and the character "马" (horse) in seal script [3]. - The reverse side of the dual-color copper alloy commemorative coin incorporates traditional Chinese paper-cutting art and decorative New Year painting elements, featuring a horse image along with lanterns and daylily patterns [5]. - The reverse side of the commemorative banknote depicts children celebrating with drums, complemented by Mongolian decorative patterns, and includes various inscriptions and holographic designs [7]. Group 2: Specifications and Quantities - The dual-color copper alloy commemorative coin has a face value of 10 Yuan, a diameter of 27 mm, and a total issuance of 100 million pieces (including 10,000 for historical currency archives) [9]. - The commemorative banknote has a face value of 20 Yuan, dimensions of 145 mm in length and 70 mm in width, made of plastic, with a total issuance of 100 million pieces (including 20,000 for historical currency archives) [9]. - The gold commemorative coin weighs 1 gram, has a face value of 10 Yuan, a diameter of 10 mm, and a maximum issuance of 150,000 pieces, while the silver commemorative coin weighs 8 grams, has a face value of 3 Yuan, and a maximum issuance of 1 million pieces [17].

Core Viewpoint - The People's Bank of China, in collaboration with the National Development and Reform Commission and the Financial Regulatory Administration, has established regulations to uphold the legal status of the Renminbi and prevent the refusal of cash payments [1]. Group 1: Regulations on Cash Payments - The regulations specify that cash payments must be supported in scenarios where face-to-face services are provided, and reasonable change must be available [3]. - In self-service models, such as unattended payment systems, businesses must clearly indicate payment methods and provide contact information for cash services [3]. - For fully online transactions, businesses are required to publicly disclose payment methods in advance, respecting the public's right to know and choose [3]. Group 2: Consumer Rights and Complaints - Consumers who encounter refusal of cash payments or discriminatory practices should retain evidence and report through various channels, including consumer protection hotlines [5]. - The People's Bank of China will work with relevant departments to address complaints and ensure compliance with cash payment regulations [5].

中国人民银行12月19日消息，中国人民银行会同国家发展改革委、金融监管总局近日制定了《人民币现 金收付及服务规定》，以切实维护人民币法定货币地位，防范和整治拒收人民币现金行为，满足社会公 众多样化支付服务需求，构建多元支付方式共同发展下的现金便利流通环境。规定自2026年2月1日起施 行。规定明确，不得对现金支付采取歧视性措施。 发挥现金兜底作用 据了解，从当前情况看，全国拒收现金有关投诉显著减少，人民群众的支付方式选择权得到有效保 护，"拒收现金违法"的观念深入人心。但经营主体收现意愿下降具有一定普遍性、趋势性，拒收现金行 为仍难完全杜绝。 "在多元支付方式并存的条件下，发挥现金兜底作用，需要相关各方的共识和法律保障。"权威专家表 示，规定旨在进一步明确各类收费单位、经营主体以及银行业金融机构的现金服务义务，引导规范各相 关主体共同建设和维护人民币现金流通使用环境，保障整治拒收现金与优化现金使用环境工作的持续性 和有效性。 规定明确，收费单位、经营主体应尊重社会公众对合法支付方式的自主选择权。除因履行法律、法规、 规章规定的义务或法定职责而应使用非现金支付工具情形外，不得拒收现金，不得要求或诱导他人拒收 现 ...

规定指出，除因履行法律、法规、规章规定的义务或法定职责而应使用非现金支付工具情形外，不得拒 收现金，不得要求或诱导他人拒收现金，不得对现金支付采取歧视性措施，损害现金支付便利。 尽管"拒收现金违法"观念已深入人心，但拒收现金行为仍难以杜绝。12月19日，中国人民银行等三部门 对外发布《人民币现金收付及服务规定》，进一步防范和整治拒收人民币现金行为，构建多元支付方式 共同发展下的现金便利流通环境。规定将自2026年2月1日起施行。 记者从中国人民银行了解到，当前，全国拒收现金有关投诉显著减少，但经营主体收现意愿下降具有一 定普遍性、趋势性，拒收现金行为难以杜绝。为防范和整治拒收人民币现金行为，中国人民银行会同国 家发展改革委、金融监管总局制定了《人民币现金收付及服务规定》，进一步明确了各类收费单位、经 营主体以及银行业金融机构的现金服务义务。 如果遇到现金支付不畅问题如何处置？中国人民银行有关负责人表示，遭遇拒收现金，或者采取歧视性 措施排斥现金时，公众可妥善保留相应的证据或线索，通过城市政务热线、消费者权益保护、金融消费 权益保护等各种渠道进行投诉、举报，中国人民银行将会同相关部门及时处理。 ■据新华社 规定 ...

Core Viewpoint - The People's Bank of China, in collaboration with the National Development and Reform Commission and the Financial Regulatory Bureau, has established the "Regulations on Cash Payment and Services in Renminbi" to uphold the legal status of the Renminbi and prevent the refusal of cash payments [1][2]. Group 1: Regulations Overview - The regulations aim to create a conducive environment for cash circulation while allowing diverse payment methods, based on relevant laws such as the People's Bank of China Law and the Commercial Banking Law [2]. - All public service charging units and business entities must respect the public's right to choose legal payment methods and cannot refuse cash payments unless legally mandated [2][3]. - Charging units and business entities must support cash payments in specific scenarios, including face-to-face services and transactions completed offline after online reservations [3]. Group 2: Cash Payment Support - Charging units must clearly display payment methods and provide contact information for cash payment services, especially in self-service scenarios [3]. - In cases where large amounts of coins or small denominations are presented, entities must negotiate solutions rather than refuse cash [5]. - Financial institutions are required to enhance cash service quality, including accepting cash deposits and providing adequate self-service machines to meet public demand [5][6]. Group 3: Compliance and Enforcement - The regulations stipulate that if charging units refuse cash or discriminate against cash payments, the public can gather evidence and report to local branches of the People's Bank of China for legal recourse [10]. - The People's Bank of China and its branches have the authority to supervise and inspect compliance with these regulations, ensuring that entities do not obstruct or evade checks [11]. - The regulations will take effect on February 1, 2026, and will be interpreted by the People's Bank of China in conjunction with the National Development and Reform Commission [13][12].

Core Viewpoint - The People's Bank of China conducted a total of 562 billion yuan in 7-day reverse repos and 1 trillion yuan in 14-day reverse repos on December 19, resulting in a net injection of 357 billion yuan into the market after 1,205 billion yuan in 7-day reverse repos matured on the same day [1] Group 1: Market Operations - The People's Bank of China performed a total of 6,575 billion yuan in reverse repos this week, with 6,685 billion yuan maturing, leading to a net withdrawal of 110 billion yuan from the open market [1] - The Shanghai Interbank Offered Rate (Shibor) for short-term instruments continued to rise slightly, with the 14-day Shibor surpassing 1.6% [1] Group 2: Shibor Rates - The overnight Shibor increased by 0.03 basis points to 1.2733% [2] - The 7-day Shibor rose by 0.51 basis points to 1.4311% [2] - The 14-day Shibor increased by 2.58 basis points to 1.6078% [2] Group 3: Interbank Repo Market - In the interbank pledged repo market, the 14-day funding rate continued to rise slightly, with DR001 and R001 weighted average rates at 1.2706% and 1.3517%, respectively [4] - The transaction volume for DR001 decreased by 667 billion yuan, while R001's transaction volume increased by 45 billion yuan [4] - The weighted average rates for DR007 and R007 were 1.4413% and 1.5148%, with transaction volumes decreasing by 109 billion yuan and 855 billion yuan, respectively [4] Group 4: Funding Conditions - The overall funding situation on December 19 was balanced, with overnight rates for pledged deposits ranging from 1.30% to 1.38% [8] - The issuance of interbank certificates of deposit reached 1,697.8 billion yuan, with 114 certificates issued by 5:30 PM [9]