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BackThe 10,000 red envelope for the general cash bonus is here. The Executive Yuan announces the start date of registration and the date of deposit.
The 10,000 red envelope for the general cash bonus is here. The Executive Yuan announces the start date of registration and the date of deposit.
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自由时报1 hour agoPolitics2 min readChinaView original

The 10,000 red envelope for the general cash bonus is here. The Executive Yuan announces the start date of registration and the date of deposit.

ai bonusUniversal cashTen thousand yuan

Quick Look

  • The Executive Yuan will finalize the "10,000 Yuan AI Dividend Universal Cash Cash for All" plan on the 8th.
  • If the 2016 Central Government General Budget is passed in the third reading before January 5th and the president announces the budget before January 20th, people will start pre-registration on January 20th, and the first batch will be credited on January 26th, and they can be collected before the Lunar New Year.
  • The qualifications for receiving cash are compared with those of 2012 and 2014.

AI-generated summary

Why It Matters

This universal cash policy is the "AI Dividend Sharing for All" plan promoted by the Executive Yuan. The qualifications are based on the universal cash disbursement standards in 2012 and 2014, aiming to return the achievements of artificial intelligence development to all citizens.

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The Executive Yuan will finalize the "10,000-yuan universal cash dividend plan for AI dividends" on the 8th. The Ministry of Finance report stated that if the 2016 central government general budget is passed in the third reading before January 5, and the president announces the budget before January 20, pre-registration will begin on that day, and January 26 will include pre-registration, direct entry and book distribution. The first batch will be credited, allowing people to receive the "red envelope" of the universal cash before the Lunar New Year.

The qualifications for receiving cash are compared with those of 2012 and 2014, including nationals with current household registration in the country; nationals without household registration who have obtained a residence permit; foreigners who have obtained a permanent residence permit; foreigners from the mainland, Hong Kong and Macao who are spouses of Chinese nationals and have obtained a residence permit; government agencies stationed abroad for official duties and their dependents with Chinese nationality.

Please read on...

There are 5 ways to collect money. In addition to "registration" and "cash collection at the post office", there is also "direct payment" for those who receive various annuity benefits from labor insurance and national pensions, old farmer's allowances, labor monthly refunds, etc., as well as "registration distribution" for correctional institutions and people in specific rural areas, and "ATM cash collection" is expected to be new With the addition of Shanghai Commercial Bank, there are a total of 17 financial institutions, including 8 public banks, CITIC, Cathay Pacific, Taishin, Fubon, Yushan, Wing Fung, Yuanta and the post office. In addition, Taishin merged with Shin Kong and Wing Fung merged with Jingcheng Machinery. The coverage rate is expected to increase to approximately 86.18%, compared with 84.34% in the last general issue.

In terms of timetable, if the 2016 central government general budget is passed in the third reading before January 5, and the president announces the budget before January 20, you can receive the general cash before the Lunar New Year.

The Ministry of Finance stated that pre-registration will begin on January 20, registration will be credited on January 25, and January 26 will include pre-registration, direct credit, and book distribution. The first batch can be registered and credited. As for ATM cash collection, it will open on February 15th, and post office cash collection will open on February 22nd. The general public can receive it until August 31, and newborns born in China before the end of 2016 can receive it until January 31, 2017.

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What to Watch

AI outlook — possibilities, not facts

  • If the central government’s general budget for 2016 is passed in the third reading before January 5 and the president announces the budget before January 20, the first batch of general cash will be credited to the account on January 26

    Likely · Within weeks

  • People will be able to receive universal cash before the Lunar New Year

    Likely · Within weeks

Open Questions

  • Will the budget be passed on the third reading before January 5 as expected?
  • If the budget is postponed, how will the distribution schedule of universal cash payments be adjusted?
  • Exactly how many people are eligible to receive it?
  • Where will this widespread cash source come from?

Related Topics

ai bonus
OrganizationsExecutive YuanMinistry of Financepresidential palaceShanghai Commercial Bank
PlacesTaiwan
TopicsUniversal cashTen thousand yuanExecutive Yuan meetingMinistry of Finance116 Annual BudgetPre-registration
This article was originally published by 自由时报.

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