On December 9, Mu Changchun, director of the digital currency Research Institute of the people’s Bank of China, said at the “Joint Seminar on the positioning and Prospect of Hong Kong International Financial Center” that the people’s Bank of China and the Hong Kong Monetary Authority have actively worked together in recent years to explore the role of financial technology and the central bank’s digital currency in improving cross-border payments and facilitating international trade settlement, The first cooperation project is the test of digital RMB cross-border payment technology.
According to Mu Changchun, the Institute signed a memorandum of cooperation with the Hong Kong Monetary Authority to test the digital RMB cross-border payment function from a technical point of view, in order to provide more convenient payment services for cross-border consumption and other business scenarios of residents in the two places. Both parties have successfully carried out the first stage of technical test to realize the basic functions of recharge, transfer and consumption through digital RMB wallet within the scope of local banks and designated Hong Kong merchants in Hong Kong. At present, the two sides are carrying out the second stage of research work to explore the interconnection between the digital RMB system and the “fast revolution” fast payment system, so as to further improve the payment efficiency on the basis of respecting the use habits of local residents in Hong Kong.
Guosheng Securities believes that the central bank’s digital currency is an important frontier topic of common concern between China and the international central bank. So far, many countries or organizations such as the United States and the European Union have indicated that they are studying it, and the landing of China’s digital RMB is at the forefront. Continuing to develop and support digital RMB will help China gain more voice and international cooperation opportunities.
Huachuang Securities believes that from the analysis of the industrial chain, there are two big opportunities and four small opportunities for the promotion of digital RMB. The big opportunity is the linkage upgrading of multiple markets and industries brought by capital flow + information flow + new experience. The two major opportunities are to open the circulation blocking point in the consumer payment information market and adapt to the hardware upgrade brought by the new form of payment in the meta universe. The small opportunity is that the emergence of digital RMB will bring about the need to upgrade and transform the corresponding social supporting facilities into rigid needs, and upgrade various infrastructure. The four small opportunities are the production of machines and tools in the payment industry chain, the iteration of bank IT services, the occupation of the original third-party platform market by commercial banks and the change in the pattern of third-party digital payment platforms. It is recommended that the digital currency payment acceptance terminal pay 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)
