The Digital RMB Seminar was held, and the Bank of China released a co-branded hard wallet

[Digital Currency Weekly] is a weekly important information column of legal digital currency created by the mobile payment network, focusing on the important information, technical applications and regulatory trends of central bank digital currencies such as digital yuan, bringing the most efficient digital currency light reading experience of the week.

Focusing on "smart contracts", the 2nd Digital RMB Industry Sustainable Development Seminar 2024 was successfully held

On April 18, the "2024 Second Digital RMB Industry Sustainable Development Seminar" jointly sponsored by Suzhou Digital Finance Industry Federation and Mobile Payment Network was successfully held.

The seminar brought together nearly 200 enterprises covering the entire digital RMB industry chain, including regulators, Tier 2 operating institutions, Tier 2.5 commercial banks, payment institutions, Internet platforms, system integrators, machine vendors, card vendors, and scenario application and solution providers. Representatives from various fields of government, industry, academia and research discussed the application scenarios and development plans of the digital yuan "smart contract" through keynote speeches, roundtable discussions, closed-door discussions and other forms, and explored the road to commercialization and sustainable development of the industry.

The 2nd Digital RMB Development Strategy Conference (closed-door) in 2024 was successfully held

On April 19, 2024, at the "2nd Digital RMB Development Strategy Conference 2024 (Closed)", jointly organized by the Digital RMB Research Institute and Mobile Payment Network, all parties in the industry made suggestions and suggestions in response to the development dilemma of the digital RMB industry and smart contracts.

At the meeting, representatives from more than 20 institutions, including relevant research institutes, Suzhou Mayor's Delta Digital Financial Industry Research Center, Digital RMB Research Institute, Mobile Payment Network, Industrial and Commercial Bank of China, Postal Savings Bank, MYbank, Minsheng Bank, China CITIC Bank, Bank of Suzhou, Bank of Beijing, Huawei, Jingdong Technology, Chutianlong, Hengbao, Kelan Software, Digital Finance Public Service, Suzhou Financial Service, iSoftStone, and Anyu Daohe, participated in the discussion.

At the meeting, in-depth exchanges were conducted on the development, application landing, challenges and future prospects of digital RMB smart contracts, and the challenges and applications of smart contracts in the fields of prepaid and supply chain finance, opportunities and suggestions in business models, and space and development in cross-border and overseas aspects.

The Digital RMB Research Institute was inaugurated, and the first batch of experts covered representatives from various fields of industry, academia and research

On April 18, 2024, the "2024 Second Seminar on Sustainable Development of the Digital RMB Industry" jointly sponsored by the Suzhou Digital Finance Industry Federation and Mobile Payment Network was successfully held in Suzhou.

Mu Chu, editor-in-chief of the mobile payment network, and Wu Wenjun, secretary-general of the Digital RMB Research Institute, unveiled the digital RMB research institute, and Mu Chu, editor-in-chief of the mobile payment network, issued a letter of appointment to Wu Wenjun, and then Wu Wenjun, secretary-general, issued certificates to the first batch of experts.

The first batch of experts came from Industrial and Commercial Bank of China, MYbank, Bank of Suzhou, Tencent, Huawei, JD Technology, Lakala, Kelan Software, Zhejiang University, Nanjing Audit University, Unisplendour Tongxin, Anyu Daohe, Yunxiang Network, Xinjianyuan, Mobile Payment Network, etc., covering representatives of industry, academia and research institutes such as operating institutions, 2.5-tier banks, payment institutions, chip vendors, solution providers, research centers, university colleges, and media. In the future, the Digital RMB Research Institute will actively carry out industrial activities in the fields of industrial research, project promotion, standard formulation, and talent construction to promote industrial integration.

Bank of China released a co-branded hard wallet for transportation card digital yuan

On April 14, during the 4th China International Consumer Products Expo, Bank of China held a press conference on the interconnection and integration of digital yuan and transportation card, and released the "Bank of China-Transportation Card" digital currency-themed hardware wallet on the spot, which was attended by relevant leaders of Hainan Provincial Government, Bank of China, China Transportation Communication Information Center and other relevant leaders.

It is reported that the hard wallet is the first innovative application product that meets the specifications of digital currency and transportation interconnection, with the characteristics of national traffic capacity, multi-scenario application and no network and no electricity technology, etc., and can also support overseas people to apply for it, whether it is taking public transportation or daily small payments, it can be easily dealt with, and it can be paid at one touch.

Meizhou: In the first half of the year, we will strive to achieve that all county-level financial budget units will use digital yuan to pay salaries

Recently, the Meizhou Branch of the People's Bank of China and the Meizhou Municipal Bureau of Finance jointly issued the "Notice on Promoting the Comprehensive Development of Digital RMB Wage Payment at the County Level", proposing to continue to give full play to the demonstration and leading role of party and government organs and institutions in the pilot work of digital RMB, and strive to realize that all county-level financial budget units use digital RMB to pay wages by the end of June.

Previously, Meizhou took the lead in launching a pilot project for the unified payment of wages in digital yuan in the province, and quickly replicated the successful experience after the smooth payment, and fully rolled out the unified payment of wages in digital yuan in 293 municipal budget units in the city in September 2023.

Fuzhou realizes the payment of taxes and fees in all scenarios of digital yuan

Recently, the reporter learned from the Municipal Taxation Bureau that since the pilot use of digital yuan in Fuzhou in March 2022, the Fuzhou Municipal Tax Department has taken the initiative to continuously expand the application scenarios of digital yuan and realize the full scenario of digital yuan tax payment.

"Last year, a total of 24.45 billion yuan of taxes and fees were paid in digital yuan. The relevant person in charge of the Municipal Taxation Bureau said that Fuzhou Taxation actively promotes intelligent services and accelerates the construction of a "digital currency + tax" dual system, and the "digital union" tax payment model is one of the innovative measures. In order to get through the blockages and pain points in the payment of taxes and fees for e-RMB, the Municipal Taxation Bureau, under the guidance of the Provincial Taxation Bureau, initiated the "Digital Union" model with reference to "UnionPay", and jointly explored the establishment of a new mechanism of "multiple access and unified clearing" for e-RMB.

Suzhou landed the digital yuan SIM hard wallet "smart lock" payment application

Recently, China Mobile Suzhou has launched the Group's first new application of "smart locking" payment with the Group's digital RMB SIM hard wallet in Suzhou Rail Transit, and supports cross-institutional settlement between multiple digital RMB operating units.

"Smart locking" is a personalized payment technology, which can facilitate users to lock the payment amount in advance, deduct the actual consumption amount when swiping the mobile phone, and settle in the state of no network and no electricity. The new function of the SIM hard wallet also includes cross-settlement between e-CNY operating institutions, that is, receiving and paying can be carried out between different financial institutions, breaking through the previous restriction that the collection and payment must be the same financial institution. In order to expand the application scope of SIM hard wallets, China Mobile Suzhou, Jiangsu Mobile Product Operation Center, China Mobile Financial Technology, and Industrial and Commercial Bank of China established a joint project team to carry out in-depth R&D and testing work under the guidance of the latest standards of the Digital RMB Research Institute of the People's Bank of China. At present, all stations of the 6 subway lines that have been opened in Suzhou support e-CNY SIM hard wallet payment without network and electricity, and the ticket can be automatically transferred from the payment end of ICBC to the settlement end of Bank of China, without the need for inter-bank settlement through the backend.

The 10th "Golden Pine Award" award ceremony was held, and the digital yuan award attracted the attention of the industry

After enterprise declaration, audience participation, expert selection, and list announcement, the "2023 10th "Golden Pine Award" Fintech Industry Selection Activity has finally come to an end. On April 18, the "Golden Pine Award" award ceremony was held.

This year's "Golden Pine Award" is divided into two categories: enterprise selection and program/case selection, and a total of more than 100 entries were received, which were reviewed by 32 experts, and finally produced 10 enterprise awards and 21 program/case awards.

Among them, the RMB currency bridge scenario innovation (Zhangjiagang Rural Commercial Bank), the digital RMB programmable supply chain finance solution (Industrial and Commercial Bank of China), and the digital RMB credit management solution based on the border people's mutual market trade scenario (Radio and Television Yuntong) won the "Golden Song Award - Digital RMB Scenario Construction Award".