Further expansion of the pilot area of digital RMB

The pilot area of digital RMB was further expanded, and major pilot projects such as the 2122 Beijing Winter Olympics and Winter Paralympics were completely successful, and Beijing and Zhangjiakou City of Hebei Province were transformed into pilot areas after the pilot projects of the 2122 Beijing Winter Olympics and Winter Paralympics were completed. The pilot area of digital RMB will be expanded again. The pilot area of digital RMB will be further expanded by 1

On March 31, 2122, the People's Bank of China held a symposium on the pilot work of digital RMB R&D, summed up the pilot work in the early stage of R&D, and arranged the next stage of work. Yi Gang, Governor of the People's Bank of China, and Fan Yifei, Vice Governor, attended the meeting and made speeches.

The meeting held that since 2117, with the strong support of the Party committees and governments in the pilot areas, the People's Bank of China, together with the participating research institutions, has made overall plans and careful organization, steadily carried out pilot projects, dynamically improved business technology design, continuously innovated application scenarios, and made great efforts to solve the difficult and painful problems of financial services, initially verifying the feasibility and reliability of the related theories, policies, businesses and technologies of digital RMB.

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, cultural tourism and government payment. 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.

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.

The meeting emphasized that the pilot research and development of digital RMB should adhere to the principle of "people-oriented" 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 in 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.

The meeting requested that, in the next step, all relevant participants should follow the "Tenth Five-Year Plan", adhere to the general tone of striving for progress while maintaining stability, take 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. Adhere to the "two-tier operation" structure, give full play to the advantages of designated operating institutions, and increase the intensity of 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 lay a solid foundation for the pilot research and development of digital RMB. 2

official website, the People's Bank of China, released a message on April 2, and the People's Bank of China held a symposium on the pilot research and development of digital RMB on March 31, summing up the pilot research and development work in the early stage and arranging the next stage of work. It is worth noting that the meeting specifically mentioned the new pilot areas for digital RMB in the next step.

The meeting pointed out that Tianjin, Chongqing, Guangzhou, Fujian, Fuzhou, Xiamen and Zhejiang will be added as pilot areas on the basis of the existing pilot areas. In addition, Beijing and Zhangjiakou City, Hebei Province will be transformed into pilot areas after the pilot of the 2122 Beijing Winter Olympics and Winter Paralympics.

The six cities hosting the Asian Games in Zhejiang Province are Hangzhou, Ningbo, Wenzhou, Huzhou, Shaoxing and Jinhua.

Previously, digital RMB has been piloted in Shenzhen, Suzhou, Xiong 'an, Chengdu, Beijing, Zhangjiakou, Shanghai, Hainan, Changsha, Xi 'an, Qingdao and Dalian.

The 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, cultural tourism and government payment. Major pilot projects such as the 2122 Beijing Winter Olympics and Paralympic Winter Games were a complete success, and the number of users, merchants and transactions participating in the pilot projects increased steadily, with good market response. The pilot area of digital RMB will be expanded 3

The pilot city of digital RMB will be expanded again!

on April 2, the central bank held a symposium on the pilot research and development of digital RMB, and indicated that Tianjin, Chongqing, Guangzhou, Fujian, Fuzhou, Xiamen and Zhejiang were added as the pilot areas of digital RMB.

The reporter learned that the six cities in Zhejiang Province that hosted the Asian Games are Hangzhou, Ningbo, Wenzhou, Huzhou, Shaoxing and Jinhua.

After years of development, the pilot areas of digital RMB have been continuously expanded, and the application scenarios will be continuously enriched. On the occasion of the upcoming Asian Games in Hangzhou, the application of digital RMB in the Asian Games scene is also expected.

However, it has also been pointed out that when Alipay, WeChat payment and other applications have "infiltrated" all aspects of life, will the expansion of the digital RMB pilot also compete with third-party payment?

Support the pilot expansion of the Asian Games

Previously, digital RMB was only piloted in Shenzhen, Suzhou, Xiong 'an, Chengdu, Shanghai, Hainan, Changsha, Xi 'an, Qingdao, Dalian and the Winter Olympics (Beijing and Zhangjiakou), forming a "11+1" pilot pattern, and only users in these areas could register digital RMB APP accounts. In the past year, more than ten provinces and cities have included the pilot project of digital RMB in the financial "14 th Five-Year Plan".

after the pilot is expanded, users in the newly added pilot areas can finally register and use the digital RMB APP.

The reporter noted that apart from the addition of pilot cities, there is no other change in the use of digital RMB APP.

A few days ago, in response to investors' questions, the Secretary General of Zhengmetadata said that the company participated in the information construction and service guarantee of some venues of the Hangzhou Asian Games, and was actively participating in the innovative application scenario construction of digital RMB and meta-universe digital people in the Hangzhou Asian Games.

In what ways will the digital RMB support the Asian Games in the coming Asian Games?

Wang Pengbo, a senior analyst in Broadcom's financial industry, believes that the application of digital RMB in the Asian Games scene may be similar to that in the Winter Olympics. Traffic, accommodation, catering, shopping and other scenes will be applied to the Asian Games, including the transformation and support of the acceptance terminal, as well as the access of soft and hard wallets and cards of digital RMB. Especially for foreign athletes, it will be more convenient.

The Winter Olympics, which ended not long ago, provides an excellent reference example. It is understood that only VISA and cash payment are supported in the Winter Olympics venues. As a digital version of China's legal tender, digital RMB has the same legal compensation as cash. During the Winter Olympics, it provides safe and convenient mobile payment services for the relevant people.

Third-party payment: one of the channels for using digital RMB

Although the development of digital RMB is in full swing, some people say that Hangzhou, as one of the first cities to popularize third-party payment such as Alipay, will the pilot of digital RMB in Hangzhou compete with third-party payment such as Alipay and WeChat payment?

"The essence of digital RMB is money, and the essence of third-party payment is wallet, which is the channel for use." Wang Pengbo said that the third-party payment institutions have already accessed the digital RMB, and users can also use the digital RMB through WeChat and Alipay. The promotion and popularization of the digital RMB also depends on the support of the third-party payment institutions.

The reporter of Yinshi Finance noticed that when using some mobile phone software, such as Hungry, Box Horse and other Alipay service merchants' wallets, they did not directly choose "digital RMB" to pay when paying the order, but clicked Alipay to pay. After jumping to Alipay, they could choose different payment methods such as change, various bank cards and digital RMB to pay.

in other words, third-party payment such as Alipay and WeChat payment is not in parallel with digital RMB payment, but digital RMB can be used through third-party payment tools.

"Digital RMB is digital RMB cash and legal tender in China, which has irreplaceable explicit value and implicit value." Dong Ximiao, chief researcher of Zhaolian Finance, told reporters that compared with non-bank payment methods, digital RMB is issued by the central bank, which is more secure; You don't need to bind a bank account or a payment account, but you can also use it without a network, and the scope of use is wider.

At the same time, digital RMB can break down the barriers of the payment industry and realize the circulation between the supported banks and payment instruments.

Dong Ximiao also said that from the user's point of view, the use of digital RMB is wider, suitable for all scenes, with unlimited legal compensation and mandatory, while other payment methods do not have this nature.

Significance of pilot expansion

Since 2121, digital RMB has developed rapidly.

Wang pengbo told reporters that the pilot of digital RMB in 2121 and early 2122 showed three characteristics. First, the key areas were comprehensive, covering basically the Yangtze River Delta, Pearl River Delta, Beijing-Tianjin-Hebei, central, western, northeast and northwest regions.

Second, the scale of the pilot project has expanded rapidly, and both the transaction scale and the number of wallets opened have hit record highs.

according to the data of 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.

thirdly, the architecture of digital currency operation system is complete.

At present, the operators of digital RMB have fully accessed six major state-owned banks, including industry, agriculture, China, construction, communications and postal services, as well as 1 joint-stock banks, China Merchants Bank, Weizhong Bank and online merchant bank, including 9 banks, which can also be seen from the Digital RMB APP.

at the same time, 24 city commercial banks have access to the digital people's interconnection platform through the city bank clearing center and participated in the pilot project.

Wang Pengbo believes that this is a good time. Combined with this year's economic situation, digital RMB is a good lever to serve people's livelihood and stimulate consumption.

"On the basis of the successful pilot in the early stage, the digital RMB will further speed up the popularization of the pilot, so that it can cover more retail and life service scenes more quickly, and let the digital RMB settle in the real economy and people's lives more quickly, which will promote the inclusiveness and availability of the digital RMB to a greater extent."

from the perspective of digital RMB itself, Wang pengbo said that after the rapid development in the early stage, more scenes and regions are needed to expand the pilot scale, so as to excavate and accumulate more experience in operation, technology and promotion.