According to the news on the central bank’s website on December 14, on December 13, the Party committee of the people’s Bank of China held an expanded meeting to convey and study the spirit of the central economic work conference and study, deploy and implement the work. The meeting stressed that next year we should focus on deepening the structural reform of the financial supply side. We will deepen the reform of rural credit cooperatives and the reform of the bond market. Strengthen the overall supervision of financial infrastructure. We will steadily and orderly promote the research and development of digital RMB. We will continue to deepen international financial cooperation and promote the orderly opening up of the financial industry.
Huachuang Securities pointed out that digital RMB has the technical conditions for cross-border use, but it is currently mainly used to meet China’s retail payment needs. Digital RMB has the characteristics of both account and value. It is compatible with three ways: account based, quasi account based and value based. It adopts variable denomination design to realize value transfer in the form of encrypted currency string. At present, large-scale digital RMB transactions are still based on the account system, which can not be a natural and borderless common currency like bitcoin. Cross border payments based on the account system are still difficult to bypass the swift system. However, there are persistent problems in the field of cross-border payment, such as long industrial chain, high cost, slow speed and opaque charges. Taking advantage of the convenience of digital RMB, using digital RMB as a general exchange medium in some scenes strongly related to China’s trade will help RMB go to sea.
Huachuang securities suggests paying attention to opportunities related to the industrial chain, and digital currency payment acceptance terminals suggest paying attention to Xgd Inc(300130) , Newland Digital Technology Co.Ltd(000997) , Guangzhou Kingteller Technology Co.Ltd(002177) , Urovo Technology Co.Ltd(300531) , Grg Banking Equipment Co.Ltd(002152) , Wuhan Tianyu Information Industry Co.Ltd(300205) , Chutian Dragon Co.Ltd(003040) , Shenzhen Minde Electronics Technology Ltd(300656) ; It is recommended to pay attention to Shenzhen Sunline Tech Co.Ltd(300348) , Tansun Technology Co.Ltd(300872) , Guangzhou Kingteller Technology Co.Ltd(002177) , Chase Science Co.Ltd(300941) , Client Service International Inc(300663) , Jiangsu Hoperun Software Co.Ltd(300339) and so on; Third party payment institutions suggest paying attention to Lakala Payment Co.Ltd(300773) and Hyunion Holding Co.Ltd(002537) ; Commercial banks suggest paying attention to China Merchants Bank Co.Ltd(600036) .
(Securities Times)
