Shanghai Consultation: The balance of funds received in advance exceeds 200,000, 40% of which should be managed in special accounts

[Shanghai Consultation: If the balance of funds received in advance exceeds 200,000, 40% should be managed in a special account] The "Shanghai Implementation Measures for the Management of Single-Purpose Prepaid Consumption Cards" will expire on April 30, 2024, and has been included in the city's administrative regulations Annual revision plan for sex documents. On the basis of full investigation and listening to opinions from all parties, the Municipal Commerce Commission has drafted the "Implementation Measures for the Management of Single-Purpose Prepaid Consumer Cards in Shanghai (Draft for Comments)", which is now open to the public for comments. The deadline is April 15. If the balance of funds received in advance by an operator exceeds 200,000 yuan, it will be included in the general risk warning, and the operator shall manage 40% of the balance of funds received in advance in a special deposit account. If the operator's balance of funds received in advance exceeds 50 million yuan or 20% of the main business income of the previous year, it will be included in the special risk warning. The operator shall manage the entire balance of funds received in advance through a special deposit account. If the operator has been established for less than one year and the provisions of Article 29 of the "Administrative Regulations" have a balance of funds received in advance exceeding RMB 200,000, the entire balance of funds received in advance shall be managed in a special deposit account.