Regulatory Actions - Multiple payment institutions in China have been penalized by the People's Bank of China for various violations, including Beijing Haike Rongtong Payment Service Co., Ltd., Beijing Municipal Transportation Card Co., Ltd., Guangdong Huika Business Service Co., Ltd., and China Mobile Payment Co., Ltd. [1][2] - Beijing Haike Rongtong was fined 8.354 million yuan for failing to ensure transaction information was accurate and traceable, among other violations [1]. - Beijing Municipal Transportation Card was fined 560,000 yuan for using prepaid cards for online payment and exceeding limits on card sales [1]. - Guangdong Huika was fined 6.35 million yuan and had 3.1282 million yuan in illegal gains confiscated for various management violations [1]. Company Profiles - Beijing Haike Rongtong, established in April 2001 with a registered capital of 255.8 million yuan, holds a payment license valid until December 2026 and is a subsidiary of Cuiwei Co., Ltd. [2][3]. - Beijing Municipal Transportation Card, founded in 2000 with a registered capital of 256.97 million yuan, operates in Beijing, Hebei, and Tianjin [3]. - China Mobile Payment, a wholly-owned subsidiary of China Mobile Group, was established in December 2011 and operates the "HeBao Payment" brand [3]. - Guangdong Huika, founded in February 2010 with a registered capital of 66 million yuan, had its payment license review suspended in January 2023 due to regulatory issues [3].