Digital RMB appeared in the Winter Olympics, and the national pilot demonstration ushered in a small peak
The Winter Olympics is one of the most important pilot scenarios of digital RMB. At present, the Winter Olympics has carried out many large-scale digital RMB pilot activities, and the whole consumption scenario has been covered within the security line of the competition area; Outside the scene, combined with the Spring Festival holiday, a new round of digital RMB red envelope pilot activities have been carried out in many places, including the six major banks in Shenzhen, which have issued a total of 25 million yuan of digital RMB red envelopes, and the Xinjin District of Chengdu, which has issued a total of 26900 digital RMB consumption red envelopes with a total amount of 2 million yuan. According to the latest data of the central bank, by the end of 2021, there had been more than 8.0851 million digital RMB pilot scenes, six times the number of scenes six months ago. In the future, under the catalysis of the Winter Olympic Games, the pilot cities and scenes are expected to be rolled out in a large area.
Digital currency provides convenience for residents and merchants, and is expected to coexist with third-party mobile payment in the future
In terms of characteristics, digital RMB has the following convenience: 1) digital RMB locates M0 and can realize payment and settlement: for residents, especially the elderly, children and foreigners in China, digital RMB supports hard wallets (cards, wearable devices, etc.) as the carrier and can realize payment without relying on the network, Provide convenience for small transactions; For merchants, compared with mobile payment and bank card, the technical characteristics of payment and settlement determine that funds can be transferred in value without relying on bank accounts, saving acquiring costs for merchants. 2) The controllable anonymity of digital currency is conducive to the protection of personal privacy and information security: through digital RMB consumption, the user’s payment information will be packaged, encrypted and pushed to the e-commerce platform in the form of sub wallet. The platform cannot directly obtain the user’s personal information, ensuring the privacy protection of the user’s core information.
Digital RMB ecological construction brings long-term and sustainable investment opportunities
Digital RMB is a new payment method that China has been committed to promoting for a long time. It is known as the “new infrastructure” in the era of digital economy. In this context, the promotion of digital RMB will bring long-term and sustainable investment opportunities for relevant ecological industries: 1) commercial bank side: the banking software system needs to be connected with the central bank’s issuance library, and relevant functions need to be opened for counter machines, ATM machines and other financial machines to support the exchange, circulation and return of digital RMB. It is suggested to pay attention to Grg Banking Equipment Co.Ltd(002152) , Yusys Technologies Co.Ltd(300674) ; 2) Merchant side: the merchant cash register needs to support digital RMB soft and Hard Wallet payment. It is recommended to pay attention to Newland Digital Technology Co.Ltd(000997) ; 3) User side: the use of digital currency needs to be matched with hard wallet. There is room for growth for Hard Wallet manufacturers. It is recommended to pay attention to Grg Banking Equipment Co.Ltd(002152) and so on; 4) Application side: the upgrading of digital currency ecological application may bring new investment opportunities. It is recommended to pay attention to Zhejiang Zhengyuan Zhihui Technology Co.Ltd(300645) .
Suggested concern
Fintech & Xinchuang: Grg Banking Equipment Co.Ltd(002152) , Yusys Technologies Co.Ltd(300674) , Hundsun Technologies Inc(600570) , Inspur Electronic Information Industry Co.Ltd(000977) , China Greatwall Technology Group Co.Ltd(000066) .
Industrial software: Runa Smart Equipment Co.Ltd(301129) , Zhejiang Heda Technology Co.Ltd(688296) , dingyang technology, Shanghai Baosight Software Co.Ltd(600845) .
AI: Pci Technology Group Co.Ltd(600728) , Iflytek Co.Ltd(002230) , Zhejiang Dahua Technology Co.Ltd(002236) , Hangzhou Hikvision Digital Technology Co.Ltd(002415) , Opt Machine Vision Tech Co.Ltd(688686) .
Smart car: Thunder Software Technology Co.Ltd(300496) , Arcsoft Corporation Limited(688088) , Huizhou Desay Sv Automotive Co.Ltd(002920) , Autel Intelligent Technology Corp.Ltd(688208) , China Transinfo Technology Co.Ltd(002373) .
Risk tips
1) the epidemic situation intensifies and reduces the expenditure of enterprise informatization; 2) Fiscal and monetary policies are lower than expected; 3) The fluctuation of supply chain increases, which affects the development of science and technology industry.
