Core Viewpoint - The People's Bank of China, in collaboration with the National Development and Reform Commission and the Financial Regulatory Bureau, has established regulations to uphold the status of the Renminbi as legal tender and to prevent the refusal of cash payments, effective from February 1, 2026 [1] Group 1: Regulations on Cash Payments - The new regulations require businesses that provide face-to-face services and online appointment transactions to support cash payments and maintain reasonable change availability [1] - For self-service models and locations with unified management, such as parks and schools, businesses must clearly display payment methods and cash conversion services [1] - Any conversion of cash payments must not incur fees or impose restrictions that hinder the convenience of transactions [1] Group 2: Public Awareness and Rights - Businesses must publicly announce payment methods in advance for transactions completed entirely online, ensuring respect for the public's right to know and choose [1]

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 maintain the legal status of the Renminbi and prevent the refusal of cash payments, effective from February 1, 2026 [1]. Group 1: Regulations on Cash Payments - The new regulations require businesses providing face-to-face services and online appointment transactions to support cash payments and maintain reasonable change availability [1]. - For self-service models and locations with unified management, businesses must clearly display payment methods and cash conversion services [1]. - Any conversion of cash payments must not incur fees or impose restrictions that hinder convenience [1]. Group 2: Public Awareness and Rights - Businesses must publicly announce payment methods in fully online transactions, ensuring respect for the public's right to know and choose [1].

Core Viewpoint - The new regulations on cash payments in China, effective from February 1, 2026, aim to uphold the status of the Renminbi as legal tender and address issues related to the refusal of cash payments, ensuring a diverse payment service environment for the public [3]. Group 1: Regulations on Cash Payments - The regulations require that entities providing face-to-face services must support cash payments and maintain reasonable cash change availability [4] - Self-service models and locations like parks and schools must clearly indicate accepted payment methods and provide contact information for cash services [4] - For fully online transactions, entities must publicly disclose payment methods in advance, respecting the public's right to know and choose [4] Group 2: Requirements for Financial Institutions - Banks must comply with cash management laws and improve cash service quality to meet the needs of the public and businesses [5] - Banks with physical locations must handle cash deposit and withdrawal services and ensure adequate self-service machines to meet diverse customer needs [7] - Financial institutions must manage cash circulation properly to prevent the circulation of unsuitable currency and mitigate various business risks [7] Group 3: Handling Cash Payment Issues - In cases of cash payment difficulties, individuals should negotiate amicably with the service provider and retain evidence of any refusal to accept cash [8] - If cash is refused or discriminatory practices occur, individuals can report through various channels, and the People's Bank of China will address these issues promptly [8]

Core Viewpoint - The new regulations on cash payments in China, effective from February 1, 2026, aim to uphold the status of the Renminbi as legal tender and protect the public's rights to use cash [2][3]. Group 1: Regulations Overview - The regulations, jointly formulated by the People's Bank of China, the National Development and Reform Commission, and the Financial Regulatory Bureau, establish basic requirements for cash payments, including the necessity for face-to-face service and support for cash payments in various settings [2]. - Cash payments must be supported in scenarios where face-to-face transactions occur, and reasonable change must be available [2]. - In self-service models, such as unattended machines, businesses must clearly indicate payment methods and provide contact information for cash-related services [2]. Group 2: Consumer Rights and Complaints - Consumers have the right to report instances of cash payment refusal or discrimination, with the option to escalate issues through consumer protection channels if initial negotiations fail [3]. - Evidence should be retained for any disputes regarding cash payment refusals, and relevant authorities will address complaints promptly [3]. Group 3: Banking Sector Responsibilities - Banks are required to facilitate cash deposit and withdrawal services, ensuring compliance in cash handling and supporting cash collection through manual processes [3]. - Financial institutions acting as payment recipients must also support cash transactions, reinforcing the importance of cash in the payment ecosystem [3].

Group 1 - The new regulations on cash payments in China, effective from February 1, 2026, aim to uphold the status of the Renminbi as legal tender and protect the public's rights to use cash [2] - The regulations require that cash payments must be supported in various scenarios, including face-to-face services and online appointments, ensuring reasonable availability of change [2] - Businesses using self-service models or digital payment systems must clearly indicate payment methods and ensure that cash payments are not discriminated against [2] Group 2 - Banks are required to facilitate cash deposit and withdrawal services, ensuring compliance in cash handling and supporting cash collection when acting as payment agents [3] - In cases of cash payment refusal or discrimination, individuals are encouraged to negotiate with the relevant parties and retain evidence for complaints through consumer protection channels [3]

Core Viewpoint - The new regulations on cash payments in China, effective from February 1, 2026, aim to uphold the status of the Renminbi as legal tender, prevent refusal of cash payments, and cater to diverse payment service needs in society [1]. Group 1: Regulations on Cash Payments - The regulations establish basic requirements to ensure cash payment acceptance, including the obligation for service providers to support cash payments when face-to-face services are provided [4]. - Self-service models and locations with unified management must clearly indicate payment methods and provide contact information for cash services [5]. - For fully online transactions, service providers must publicly disclose payment methods in advance, respecting the public's right to know and choose [5]. - When cash collection is delegated to another entity, the principal must require acceptance of cash through written agreements [5]. - Businesses promoting digital services must consider the public's need for cash and cannot discriminate against cash payments [6]. Group 2: Requirements for Financial Institutions - Banking institutions must comply with cash management laws and improve cash service quality to meet the needs of the public and service providers [7]. - Banks with physical locations must offer cash deposit and withdrawal services [7]. - As payment agents, banks must support cash collection through manual methods [8]. - Banks should ensure that the number and layout of cash service points and ATMs meet the diverse needs of different customer groups [10]. - Financial institutions must manage the circulation of Renminbi properly to prevent risks associated with non-circulating currency [10]. Group 3: Handling Cash Payment Issues - In cases of cash payment difficulties, parties should negotiate amicably to resolve disputes and can retain evidence for complaints if cash is refused or discriminated against [9]. - Complaints can be made through various channels, including consumer protection hotlines, and the People's Bank of China will address these issues promptly [9].

Core Viewpoint - The newly implemented regulations by the People's Bank of China, National Development and Reform Commission, and Financial Regulatory Administration aim to uphold the legal status of the Renminbi and protect the public's rights to use cash [1]. Group 1: Cash Payment Regulations - The new regulations classify cash payments and establish basic requirements for cash transactions, including the necessity for face-to-face services and support for cash payments where applicable [3]. - Businesses using self-service models or digital payment systems must clearly indicate payment methods and ensure cash acceptance is not discriminated against [3]. - Financial institutions are required to facilitate cash deposit and withdrawal services at physical branches and support cash transactions when acting as payment agents [3]. Group 2: Consumer Rights and Complaints - In cases of inconvenience with cash payments or discrimination against cash usage, consumers are encouraged to negotiate with the relevant parties and retain evidence for complaints through designated consumer protection channels [4].

Group 1 - The Ministry of Commerce announced the continuation of anti-dumping duties on imported ethylene propylene diene monomer rubber from the US, South Korea, and the EU [1] - The People's Bank of China and other departments released new regulations on cash payments, stating that cash cannot be refused except in specific legal circumstances, effective from February 1, 2026 [1] - The National Health Commission announced new food safety standards requiring the labeling of saturated fats and sugars on pre-packaged food, effective from March 16, 2027 [2] Group 2 - The State Administration of Foreign Exchange reported that in November 2025, banks settled 1.484 trillion yuan and sold 1.3732 trillion yuan [2] - The Hainan Free Trade Port achieved significant breakthroughs on its first day of customs closure, with zero-tariff imports valued at 360 million yuan, mainly consisting of crude oil and aircraft materials [2] - The National Medical Insurance Administration is seeking public opinion on four foundational standards for medical imaging cloud services [2]