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The digital yuan continues to be hot, with a transaction volume of nearly 10 billion yuan, and the number of pilot scenarios is 6 times that of half a year ago

According to Wang Ying, deputy director of the Beijing Municipal Financial Supervision and Administration Bureau, the digital yuan pilot has covered more than 400,000 scenes of the Winter Olympics, and the transaction amount has reached 9.6 billion yuan.

The sunken plaza of Beijing Winter Olympic Village is specially equipped with licensed commodity stores, banks, postal services, haircuts, convenience stores and other commercial services, and all merchants can pay in digital yuan.

The digital yuan is a new payment method that the mainland has long been committed to promoting, and is known as the "new infrastructure" in the era of digital economy. Since 2022, the digital currency industry policy has been continuously introduced.

The central bank and other four departments jointly issued the "14th Five-Year Development Plan for Financial Standardization" and proposed to steadily promote the development of legal digital currency standards and steadily promote the construction of financial technology standards.

In January 2022, the Digital Rmb APP was officially launched, and a total of 9 banks can open personal digital RMB wallets, and the Digital Yuan has begun to be fully promoted and used.

Continued to be boosted by the favorable policy, since the holiday, digital currency has become a bright main line, and individual stocks have also risen in a large area, of which Hengbao shares recorded 8 boards in 10 days, and Royal Silver shares won 3 consecutive boards.

Combined with the Spring Festival holiday, many places have launched a new round of digital RMB red envelope pilot activities, of which the six major banks in Shenzhen have issued a total of 25 million yuan of digital RMB red envelopes, and Chengdu Xinjin District has issued a total of 26,900 digital RMB consumption red envelopes with a total of 2 million yuan.

According to the latest data from the central bank, by the end of 2021, the number of digital yuan pilot scenarios has exceeded 8.0851 million, which is 6 times that of half a year ago. According to the analysis of CITIC Construction Investment Securities, with the pilot landing of the Winter Olympics scenario, the digital yuan is expected to achieve large-scale promotion in the future, and the upgrading and transformation of bank IT systems, the transformation of terminal payment equipment, and the digital encryption/identity authentication/security chips involved in the transaction link will bring business increments to relevant listed enterprises, and the relevant industrial chain will usher in a greater catalysis.

Huaan Securities said that the promotion of digital yuan will bring long-term and sustainable investment opportunities to related ecological industries: 1, commercial bank side: banking software system needs to dock with the central bank issuance library, counter machines, ATMs and other financial machines need to open relevant functions to support the exchange, circulation and return of digital yuan, it is recommended to pay attention to radio and television Express, Yuxin Technology, etc.; 2, merchant side: merchant cash registers need to support digital yuan soft and hard wallet payment, it is recommended to pay attention to new continents, etc.; 3, user side: the use of digital currency needs to support hard wallets There is room for growth of hard wallet manufacturers, and it is recommended to pay attention to radio and television express, etc.; 4, the application side: the application of digital currency ecological application upgrades or bring new investment opportunities, it is recommended to pay attention to Zhengyuan wisdom.

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