Core Viewpoint - China Minsheng Bank announced the closure or cleaning of bank settlement accounts for units that have had their business licenses revoked or canceled, have not conducted any transactions for over a year, and do not owe any debts to the bank [1] Group 1 - The announcement is based on the regulations of the People's Bank of China regarding the management of RMB bank settlement accounts [1] - Units affected by this policy are required to complete the account closure procedures within 30 days from the date of the announcement [1] - After the 30-day period, the bank will begin to process the closure or cleaning of eligible accounts in batches [1]