On April 6, digital currency concept stocks rose collectively. Among them, Chutian Dragon Co.Ltd(003040) , Szzt Electronics Co.Ltd(002197) and other trading limits. Recently, the people’s Bank of China announced the list of the third batch of digital RMB pilot areas, and the pilot capacity was expanded to 23 cities. With the acceleration of the implementation of digital RMB, listed companies in Business-Intelligence Of Oriental Nations Corporation Ltd(300166) , Grg Banking Equipment Co.Ltd(002152) and other related industrial chains have accelerated their layout to seize the market opportunities brought by digital RMB.
Industry insiders said that digital RMB is expected to become the main line of financial technology throughout the year. In the short term, it depends on hardware, encryption in the medium term and application in the long term.
landing acceleration
On March 31, the people’s Bank of China held a symposium on the pilot work of digital RMB research and development, which proposed to expand the pilot scope of digital RMB in an orderly manner and add six cities (Hangzhou, Ningbo, Wenzhou, Huzhou, Shaoxing and Jinhua) hosting the Asian Games in Tianjin, Chongqing, Guangzhou, Fuzhou and Xiamen in Fujian Province and Zhejiang Province to the existing pilot areas, Beijing and Zhangjiakou, Hebei Province will be turned into pilot areas after the pilot of 2022 Beijing Winter Olympic Games and winter Paralympic Games. With the announcement of the third batch of pilot areas, the pilot capacity of digital RMB has been expanded to 23 cities.
Driven by favorable policy news, digital currency concept stocks rose collectively on April 6. Among them, Chutian Dragon Co.Ltd(003040) , Szzt Electronics Co.Ltd(002197) , Meisheng Cultural & Creative Corp.Ltd(002699) sealed the daily limit, Synthesis Electronic Technology Co.Ltd(300479) rose by more than 6%, and Grg Banking Equipment Co.Ltd(002152) rose by more than 4%.
The concept of digital RMB continues to heat up. Taking Chutian Dragon Co.Ltd(003040) as an example, Chutian Dragon Co.Ltd(003040) has harvested the daily limit for four consecutive trading days since March 30. On the evening of April 5, the company issued an announcement of abnormal fluctuations in stock trading. The company participated in the digital RMB pilot project of several operating institutions, which is still in the pilot stage, and the relevant business income accounts for a low proportion of the company’s overall income. As of the closing on April 6, Chutian Dragon Co.Ltd(003040) closed at 26.94 yuan / share, with a total market value of 12.4 billion yuan.
At present, digital RMB has formed a number of replicable and popularized application modes covering Wuxi Online Offline Communication Information Technology Co.Ltd(300959) , in the fields of wholesale and retail, catering, culture and tourism, government payment and so on. For example, Industrial And Commercial Bank Of China Limited(601398) 2021 completed the industry’s first corporate digital RMB payment with the State Grid e-commerce platform; We will continue to carry out a series of “work sharing” payment activities to benefit the people and promote consumption quality and capacity expansion Agricultural Bank Of China Limited(601288) said that the bank realized the function of converting digital RMB in the production environment and fully supported the opening and use of wallets in online banking, palm banking, outlets and portable intelligent terminals in the pilot areas Bank Of China Limited(601988) said that the bank’s digital RMB business meets many living needs, such as point takeout, paying electricity bills, charging bus cards, purchasing Winter Olympic licensed goods and so on.
“As of December 31, 2021, there have been more than 8.0851 million digital RMB pilot scenarios, 261 million personal wallets have been opened, and the transaction amount is 87.565 billion yuan.” Zou LAN, director of the financial market department of the people’s Bank of China, said a few days ago.
overweight layout
Guosheng Securities believes that the significance of digital RMB lies in the construction of a new electronic payment system, including new account system, new operation system (new operation organization / distribution organization, new clearing organization, new merchant end charging policy, new consumer subsidy means) and new software and hardware system. It is optimistic about the market opportunities brought by the reconstruction of China’s electronic payment industry chain by digital RMB.
Shenwan Hongyuan Group Co.Ltd(000166) said that digital RMB is expected to become the main line of financial technology throughout the year. In the short term, it is expected to look at hardware, encryption in the medium term and application in the long term.
With the acceleration of the landing of digital RMB and the demand for the construction and transformation of a large number of systems, listed companies in the fields of hardware wallet machines and tools, encryption algorithms and software ecological operation are stepping up their layout.
In terms of hardware, Synthesis Electronic Technology Co.Ltd(300479) previously said that the company started the research and development of supporting equipment for digital RMB business and paved the way for the market, developed a variety of hardware products and supporting software, and cooperated with operating institutions in the construction of innovative application scenarios for digital RMB 3 Shenzhen Coship Electronics Co.Ltd(002052) said that the products related to the company’s digital RMB Hard Wallet are in the stage of testing and marketing.
In terms of software ecological operation, on April 6, Business-Intelligence Of Oriental Nations Corporation Ltd(300166) said on the interactive platform that the subsidiary Shanghai Yitong has obtained the software copyright of the digital RMB trading platform software, and is in the stage of joint innovation and exploration with the customer bank in terms of digital RMB and trading. It has realized the docking of digital RMB schemes of different modes with several large state-owned banks and commercial banks, and sorted out the schemes to form a standardized process.
Grg Banking Equipment Co.Ltd(002152) 4 announced on April 6 that the company now has the ability to build the whole link of digital RMB scenario, and can provide digital RMB integrated solutions including terminal products, system platforms, scenario solutions and ecological operation. It has won the bid for the construction project of digital RMB business system of six banks, and signed a strategic cooperation agreement on digital RMB ecological construction with China Construction Bank Corporation(601939) Hainan Branch of China, Implement digital RMB operation project in Hainan.
In terms of encryption algorithm, Beijing Infosec Technologies Co.Ltd(688201) recently said that the company won the bid for Bank Of Beijing Co.Ltd(601169) digital currency project. With the application and promotion of digital currency, the company is expected to fully benefit from the increment of data security requirements of bank customers in this scenario.
In terms of application scenarios, Zhejiang Zhengyuan Zhihui Technology Co.Ltd(300645) said that at present, the company has signed cooperation agreements with banks such as industry, agriculture, China Construction, communications and other banks to build or upgrade systems and equipment transformation for campus and other application scenarios to support the application of digital RMB scenarios; Assist banks to open digital RMB corporate accounts and private accounts, and improve the activity of digital RMB application.
