According to Wang Ying, deputy director of Beijing local financial supervision and Administration Bureau, the digital RMB pilot has covered more than 400000 scenes of the Winter Olympics, with a transaction amount of 9.6 billion yuan.
The sunken square of Beijing Winter Olympic village is specially equipped with commercial services such as licensed commodity stores, banks, postal services, haircuts and convenience stores. All businesses can use digital RMB to pay.
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. Since 2022, the digital currency industry policy has been continuously positive.
The central bank and other four departments jointly issued the “14th five year plan for the development of financial standardization”, which proposed to steadily promote the development of legal digital currency standards and the construction of financial science and technology standards.
In January 2022, the digital RMB app was officially launched, and a total of 9 banks can open personal digital RMB wallets. Digital RMB has been fully promoted.
Since the holiday, digital currency has become a bright main line, and individual stocks have also risen in a large area. Among them, Hengbao Co.Ltd(002104) recorded 8 boards in 10 days and Guangzhou Kingteller Technology Co.Ltd(002177) obtained 3 consecutive boards.
In combination with the Spring Festival holiday, a new round of digital RMB red envelope pilot activities have been carried out in many places. Among them, six major banks in Shenzhen have issued a total of 25 million yuan of digital RMB red envelopes, and Xinjin District of Chengdu has issued 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. China Securities Co.Ltd(601066) securities analysis pointed out that with the pilot implementation of the Winter Olympic Games scene, digital RMB is expected to be popularized on a large scale in the future. The upgrading and transformation of bank it system, the transformation of terminal payment equipment and the digital encryption / identity authentication / security chip involved in the transaction link will bring business increment to relevant listed enterprises, and the relevant industrial chain will usher in greater catalysis.
Huaan Securities Co.Ltd(600909) said that the promotion of digital RMB will bring long-term and sustainable investment opportunities for relevant ecological industries: 1. On the side of commercial banks: the banking software system needs to be connected with the central bank’s issuance library, and the counter machines, ATM machines and other financial machines need to open relevant functions 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) .
