On March 24, the people’s Bank of China held a video conference on money, gold and silver and security in 2022. The meeting required that in 2022, the people’s Bank of China’s cash security system should make every effort to ensure the cash supply, consolidate and form a long-term mechanism for regulating the rejection of cash, continue to improve the cleanliness of RMB in circulation, and further strengthen the defense line against counterfeit currency. Solidly promote the pilot research and development of digital RMB, orderly expand the scope of the pilot, continuously improve the design and use, and gradually establish and improve the management system framework.
Ping An Securities pointed out that we should grasp the digital RMB investment opportunity from two aspects: hardware equipment and software system. At present, the digital RMB is in the initial stage of development, and opportunities and challenges are growing. Hardware manufacturers may benefit from the market opportunities brought by the digital RMB “Hard Wallet”. A major feature of digital RMB is that it supports payment by hardware such as mobile NFC, bracelet and wearable devices. Developers will have more opportunities to improve the performance of hardware related orders with the promotion of “Hard Wallet”. Software manufacturers may benefit from the business growth brought by the upgrading of the financial system. With the popularity of digital RMB, relevant financial institutions need to upgrade the matching of relevant software systems, or will bring huge demand for system upgrading for relevant software manufacturers.
Citic Securities Company Limited(600030) believes that the promotion of digital RMB as a payment infrastructure in the era of digital economy is the general trend. Based on the characteristics of digital RMB, users’ payment habits and mobile payment market pattern may face the opportunity of reshaping. The active participation of various manufacturers is expected to bring more imagination to the promotion and application of digital RMB. Digital RMB has the technical conditions for cross-border use, and is expected to extend from retail to cross-border payment in the future, so as to strengthen the international competitiveness of RMB in combination with the first mover advantage. With the continuous promotion of digital RMB application, relevant industrial chains are expected to continue to benefit. It is suggested to pay attention to the service providers related to Hard Wallet manufacturing, supporting transformation of collection equipment & acceptance terminal, construction of commercial banking system and security technology.
The agency pointed out that the e-cny promotion has brought the demands of the industry chain’s software and hardware building demands from the promotion of e-cny, the demands of the industry chain’s software and hardware construction, the transformation and replacement of collection equipment & acceptance terminals, and the manufacturing of hard wallwallwallets, and that the agency pointed out that the promotion of e-cny has brought the demands of the industry chain’s hardware and software, the transformation and replacement of collection devices & acceptance terminals, and the transformation and replacement of supporting transformation and replacement, and the making of hard wallwallwallets, and suggested attention to the recommendations that focus on the Xgd Inc(300130) \ etc. For the construction of commercial banking system, we recommend Yusys Technologies Co.Ltd(300674) , Shenzhen Sunline Tech Co.Ltd(300348) , and pay attention to Digital China Information Service Company Ltd(000555) , Tansun Technology Co.Ltd(300872) , Northking Information Technology Co.Ltd(002987) , etc. For security technology, it is recommended to pay attention to Beijing Infosec Technologies Co.Ltd(688201) , Beijing Certificate Authority Co.Ltd(300579) , Koal Software Co.Ltd(603232) , Westone Information Industry Inc(002268) , etc.
