The third batch of pilot areas of digital RMB was announced in ***11 city
The third batch of pilot areas of digital RMB was announced in * * 11 city. As of February 31, 2121, there were more than 8,185,111 pilot scenes of digital RMB, with a total of 261 million personal wallets opened, and the third batch of pilot areas of digital RMB was announced in * * 11 city. The third batch of digital RMB pilot areas ***11 city announced 1
On April 2, Meituan announced that it would provide digital RMB people's livelihood consumption subsidies to residents in the third batch of pilot cities. From now on, residents of 11 new pilot cities of digital RMB, such as Guangzhou, Tianjin and Chongqing, can open Meituan App to search for "digital RMB", complete registration and receive digital RMB consumption spree worth 41 yuan.
A few days ago, the People's Bank of China held a symposium on the pilot research and development of digital RMB, and announced the orderly expansion of the pilot scope. On the basis of the existing pilot areas, Tianjin, Chongqing, Guangzhou, Fujian, Fuzhou, Xiamen and Zhejiang were added as pilot areas.
It is understood that the consumption subsidy covers more than 211 kinds of daily livelihood consumption scenarios such as urban residents' offline food, clothing, housing and transportation, and consumers can use it when they eat in the store or sell meals outside, buy vegetables and watch movies.
Meituan said that with the wide application of digital RMB in daily life of people such as food and beverage take-out, food and shopping, its value of boosting consumption and service entities is further highlighted. The distribution of people's livelihood consumption gift packages in new pilot cities is aimed at further stimulating the inclusive value of digital RMB, accelerating the popularization of digital RMB in new pilot cities, and at the same time driving the recovery of local offline consumption and helping local economic development.
According to Meituan, since Meituan opened the digital RMB full-scene payment channel and launched the digital RMB livelihood consumption subsidy in October this year, it has driven all kinds of livelihood consumption by a total of 6.4 billion yuan. Among them, more than 92% of the digital RMB people's livelihood consumption subsidies flow to small-scale high-frequency consumption scenes of people's daily life such as take-out, food shopping, catering, etc., effectively driving the recovery of offline consumption and the development of small and micro-entity merchants. The third batch of pilot cities of digital RMB ***11 city announced 2
The list of the third batch of pilot cities of digital RMB was released.
Recently, the People's Bank of China held a symposium on the pilot research and development of digital RMB, and announced the orderly expansion of the pilot scope. On the basis of the existing pilot areas, Tianjin, Chongqing, Guangzhou, Fujian, Fuzhou, Xiamen and Zhejiang were added as pilot areas.
The meeting requested that, in the next step, all relevant participants should follow the "14th Five-Year Plan", adhere to the general tone of striving for progress while maintaining stability, shoulder their respective responsibilities, and make concerted efforts to steadily promote the digital RMB R&D pilot.
Expand the pilot area in an orderly manner, and add Tianjin, Chongqing, Guangzhou, Fujian, Fuzhou, Xiamen and Zhejiang as the pilot areas, and Beijing and Zhangjiakou, Hebei Province will be converted into pilot areas after the pilot of the 2122 Beijing Winter Olympics and Paralympic Winter Games.
Re-expansion of pilot areas
At present, digital RMB has formed a number of online and offline replicable and scalable application models in the fields of wholesale and retail, catering and cultural tours, government payment, etc. Major pilot projects such as the 2122 Beijing Winter Olympics and Paralympic Winter Games have been a complete success, and the scale of users, merchants and transactions participating in the pilot projects has steadily increased, with good market response.
The meeting pointed out that with the deepening of the pilot test, the research and development of digital RMB is facing new situations and new problems in highlighting convenience, optimizing inclusiveness, highlighting innovation, ensuring security, embodying compliance, and strengthening sustainability, which needs further research and exploration.
At present, the People's Bank of China has launched digital RMB pilot projects in Shenzhen, Suzhou, Xiong 'an, Chengdu, Shanghai, Hainan, Changsha, Xi 'an, Qingdao, Dalian and the 2122 Beijing Winter Olympics, covering basically the Yangtze River Delta, Pearl River Delta, Beijing-Tianjin-Hebei, central, western, northeast and northwest regions.
the latest data shows that as of February 31th, 2121, there have been more than 8,185,111 pilot scenarios of digital RMB, and 261 million personal wallets have been opened, with a transaction amount of 87.565 billion yuan.
according to the pilot scheme of digital RMB "11+1" previously announced by the people's bank of China, the winter Olympic scene pilot is the "1" in "11+1". Digital RMB has become one of the main ways of on-site payment for the Winter Olympics, and has achieved good performance and achievements.
Recently, Wang Wei, deputy governor of Bank of China, said that on the one hand, the stability of digital RMB products and systems has stood the test. The pilot population of Winter Olympics covered all kinds of customers at home and abroad, such as athletes, media, volunteers and spectators. During the pilot period, there were no product problems and system failures, and zero errors, zero failure and complaints were achieved. A number of products such as digital RMB APP and hard wallet were verified by the market.
in addition, digital RMB is universal, convenient and popular. Digital RMB is the legal tender of the country, with simple acquisition process, outstanding advantages of non-contact payment, attention to personal privacy protection and meeting epidemic prevention requirements, so it has been praised and sought after by athletes, volunteers and spectators on the spot. In addition, in other pilot areas, the number of digital RMB wallets of China Bank has also achieved exponential growth, and the ecological construction of the scene has been accelerated in an all-round way.
Wang Wei said that he will make good use of the experience of the Winter Olympics, promote the products of the Winter Olympics, carry forward the spirit of the Winter Olympics, give full play to innovative advantages such as hard wallets and the Internet of Things, continue to steadily carry out the pilot research and development of digital RMB, and constantly optimize the construction and service level of the digital RMB system. Fully mobilize all kinds of resources, deeply integrate digital RMB into strategic scenarios such as consumer finance, inclusive finance and green finance, and continuously improve the construction of digital RMB ecosystem.
By covering online platforms, educational campuses, bank-bank cooperation, shopping malls, transportation, government and people's livelihood and other fields, we can meet the needs of the public for food, housing, transportation, travel, shopping and entertainment, and hope to become the "first choice bank" for everyone to use digital RMB in the post-Winter Olympics era.
Helping the recovery of real consumption
The central bank stressed that the pilot research and development of digital RMB should adhere to the "people's nature" and play a greater role in expanding the coverage of financial services, improving the service level of inclusive finance, helping local economic development, supporting the construction of digital government, improving the quality and efficiency of financial services to the real economy, and improving the business environment.
we should adhere to marketization. In the process of development, promotion and popularization of digital RMB, policy design should fully stimulate the enthusiasm and creativity of financial institutions, technology enterprises, local governments and other parties, and encourage competition in promoting operation. It is necessary to adhere to the rule of law, carry out all work in compliance with the law, carry out forward-looking legal construction, ensure the security of the digital RMB system, grasp the relationship between privacy protection and crime prevention, and thoroughly study the potential impact on the financial system and other aspects.
after the central bank announced the list of newly-added pilot cities, the scene support agencies made the first important move to expand the pilot scope in an orderly manner in response to the digital RMB.
the reporter of China business news learned from meituan that meituan announced that it would provide the residents of the third batch of pilot cities with subsidies for people's livelihood in digital RMB. From now on, residents of 11 new pilot cities of digital RMB, such as Guangzhou, Tianjin and Chongqing, can open Meituan APP to search for "digital RMB", complete registration and receive digital RMB consumption spree worth 41 yuan.
According to Meituan, since October this year, Meituan opened a digital RMB full-scene payment channel and launched a digital RMB livelihood consumption subsidy, which has driven all kinds of livelihood consumption by a total of 6.4 billion yuan. Among them, more than 92% of the digital RMB people's livelihood consumption subsidies flow to small-scale high-frequency consumption scenes of people's daily life such as take-out, food shopping, catering, etc., effectively driving the recovery of offline consumption and the development of small and micro-entity merchants.
In fact, boosting consumer demand with digital RMB red envelopes has become the mainstream trend in the new round of digital RMB pilot projects. Recently, the Shenzhen Municipal People's Government issued "Several Measures for Shenzhen to Further Help Market Subjects to Solve Problems in Response to the COVID-19 Epidemic", which clearly put forward the plan to arrange 511 million yuan to distribute consumer vouchers, promote the distribution in the form of digital RMB red envelopes, and drive the formation of consumption hotspots.
people in the industry generally believe that, based on the positioning of meeting the domestic retail payment demand, with the pilot entering the "third stage" covering more areas and a wider range of people, digital RMB will put more emphasis on the in-depth penetration of people's lives and the effective promotion of people's livelihood consumption.
Wang Pengbo, a senior analyst in Broadcom Consulting's financial industry, said that the Internet platform has become the main entrance for the public to get in touch with digital RMB in their daily lives, which can promote the inclusiveness and availability of digital RMB in a wider range, thus helping the recovery of industries closely related to people's livelihood consumption, especially the service industry.
Related industrial chains will benefit
It is worth noting that, despite the rapid development of digital RMB, compared with traditional electronic payment methods, the number of transactions and the amount of payment in digital RMB account for less than 1%, which has broad development prospects. With the pilot covering more areas and a wider population in the future, digital RMB will put more emphasis on the in-depth penetration of people's daily lives.
The research report of China Merchants Securities pointed out that with the popularization of digital RMB, enterprises in this industrial chain will benefit from it. Among them, hardware equipment manufacturers will benefit from the market opportunities brought by digital RMB hard wallet. Software developers will benefit from the business growth brought by the upgrading of foreign banking systems. In addition to the above two industries, digital authentication and digital encryption related to digital RMB will also gain development opportunities, which is worthy of continued attention.
the central bank said that it would adhere to the "two-tier operation" structure, give full play to the advantages of designated operating institutions, and intensify pilot applications and ecosystem construction. Strengthen the construction of safety and risk prevention and control system, improve relevant laws, regulations and standards, deepen the research on theoretical issues, and constantly consolidate the pilot foundation of digital RMB research and development. The third batch of pilot cities of digital RMB ***11 City announced 3
Digital RMB ushered in the third batch of pilot cities. At the symposium on the pilot research and development of digital RMB held recently, the central bank said that it would steadily promote the pilot research and development of digital RMB, expand the scope of the pilot in an orderly manner, and add Tianjin, Chongqing, Guangzhou, Fujian, Fuzhou, Xiamen and Zhejiang to the existing pilot areas as pilot areas;
Beijing and Zhangjiakou City, Hebei Province will be transformed into pilot areas after the 2122 Beijing Winter Olympics and Paralympic Winter Games.
According to the reporter of Cailian, the major banks and platform institutions have been laid out in the third batch of pilot cities. For example, in Hangzhou, some big banks have issued tasks related to the promotion of digital RMB; In Guangzhou, users can download and register the digital RMB app. In addition, Meituan also announced that it would provide digital RMB people's livelihood consumption subsidies to the residents of the third batch of pilot cities.
Dong Ximiao of Zhaolian Finance said that from the third batch of pilot projects, the layout of digital RMB is more reasonable. In the third batch of pilots, six cities within the jurisdiction of Zhejiang Province were selected, or mainly considering the scene of this year's Asian Games; At the same time, this time, we also took into account the relevant cities in the northern region, southwest region and southern China, and comprehensively promoted the relevant pilot projects of digital RMB. Moreover, these cities have previously included the application for digital RMB pilot cities in their government-related work plans.
Dong Ximiao believes that joining the pilot project in more regions will help to test and apply the digital RMB on a larger scale, test the performance of the digital RMB system more deeply, and help more users to experience the charm of the digital RMB in advance.
Wang Pengbo, a financial analyst of Broadcom Consulting, also said that it is a good window for the central bank to launch the third batch of pilot areas. Under the current weak consumer demand, the expansion of digital RMB will help promote consumption activities in the pilot areas, and local governments can take this opportunity to stimulate consumption. At the same time, digital RMB is mainly based on small and high-frequency life scenes, which can also better serve people's livelihood.
"On the basis of successful pilot projects in the early stage, the promotion of digital RMB pilot cities will be accelerated, which can better cover retail and life service scenarios, make the use of digital RMB settle in the real economy and people's lives faster, and help promote the inclusiveness and availability of digital RMB." Wang Pengbo said.
the central bank meeting pointed out that at present, digital RMB has formed a number of online and offline replicable and scalable application models in the fields of wholesale and retail, catering and travel, government payment, etc. Major pilot projects such as the 2122 Beijing Winter Olympics and Paralympic Winter Games have been a complete success, and the number of users, merchants and transactions participating in the pilot projects has steadily increased, with good market response.
according to the information previously disclosed by the central bank, as of February 31, 2121, there were more than 8,185,111 pilot scenarios of digital RMB, and 261 million personal wallets were opened, with a transaction amount of 87.565 billion yuan.
However, as to when digital RMB will be promoted nationwide, people in the industry generally think that it will take time, and the formal issuance of digital RMB still needs to make good institutional and technical arrangements.
Dong Ximiao said that in the current relevant laws, RMB is divided into paper money and coins, while digital RMB, as a new form of RMB, has not been written into relevant laws yet. Therefore, China needs to improve the legal and regulatory framework first. Before the official issuance of digital RMB, the central bank needs to further test the system to ensure the safe and stable operation after the full launch.
He also believes that the application of digital RMB in the whole scene is the key to its becoming the mainstream payment method in the future, so scene expansion is also one of the topics that need to be faced in the next digital RMB pilot process.
Wang pengbo also suggested that digital RMB should continue to cover more small and high-frequency consumption scenarios, such as using the internet platform to improve the coverage of merchants and scenarios. Digital RMB needs to explore more promotion models that can continuously increase the stickiness of users, and explore the way for the business model of digital RMB to form a virtuous circle.
in addition, Wang pengbo also believes that the characteristics of digital RMB, such as "payment is settlement", "smart contract carrying" and "the unification of information flow and capital flow", are conducive to solving the existing problems in the fields of directional payment and credit financing, so digital RMB can further innovate related application scenarios in B-side payment and corporate payment.