The Shenzhen Internet Information Office’s official Weibo "Shenzhen Weibo Publishing Hall" announced on the evening of the 8th that in order to promote the construction of the Guangdong-Hong Kong-Macao Greater Bay Area, in conjunction with local consumption promotion policies, the Shenzhen Municipal People’s Government and the People’s Bank of China recently launched a digital RMB red envelope Pilot.
This means that the digital renminbi has taken an important step forward in the actual application process.
According to reports, this pilot project is funded by Luohu District, Shenzhen. A certain amount of funds will be distributed to Shenzhen personal digital renminbi wallets in the form of digital renminbi red envelopes by lottery. The digital renminbi red envelopes issued by the public can reach Luohu within the validity period. Shops designated by the district for consumption.
Specifically, this event is for individuals in Shenzhen to distribute 10 million yuan of "Luohu Digital RMB Red Packets", each with a value of 200 yuan, and the total number of red packets is 50,000.
10 million yuan
RMB red envelope
How to get it?
In the past few days, consumers in Shenzhen are really enviable, not only because the Shenzhen Municipal People’s Government will issue 10 million red envelopes to promote consumption, but also because the 50,000 red envelopes will be issued in the form of “digital renminbi”.
Early in the morning on the 9th, Mr. Minbi of Shenzhen registered on the "i Shenzhen" event reservation platform via his mobile phone.
"It is very fortunate that the digital renminbi is being piloted in Shenzhen. I have been looking forward to the digital renminbi for a long time and hope to experience the first wave of digital renminbi applications." Mr. Bi told reporters excitedly.
Although many people are looking forward to digital renminbi consumption, not every Shenzhen citizen has the opportunity to experience it.
According to relevant departments in Shenzhen, this time, 10 million yuan of "Luohu Digital RMB Red Packets" will be issued to individuals in Shenzhen in the form of "lottery drawing".
Individuals need to make an appointment to register and apply for a lottery.
The successful applicants can download and install the "Digital RMB APP" according to the SMS guidelines of the successful signing, and receive it after opening the "Personal Digital Wallet".
This will be the first time a personal digital RMB wallet has appeared in front of the public.
Earlier, Mu Changchun, director of the Digital Currency Research Institute of the People’s Bank of China, introduced that as long as consumers have digital renminbi wallets on their mobile phones, no internet is needed, and as long as the mobile phones have electricity, two mobile phones can "touch" one person's digital wallet. Transfer of the digital currency to another person.
The reporter learned that consumption through digital renminbi wallets does not need to bind any bank accounts and can be controlled and anonymous.
This appointment activity clearly mentioned that even if there is no bank card of the four major banks of Industry, Agriculture, China, and Construction, you can still participate in the appointment. There is no need to bind the bank card to receive and use the digital RMB red envelope.
However, the 200 yuan red envelope is not enough for some people.
In this regard, this event arranged that the payment of transactions exceeding the red envelope amount requires the use of a bank card from any of the four major banks to recharge or bind the wallet.
More than 3000 merchants have no threshold consumption
how to use?
How should the winning "lucky person" use the digital RMB red envelope?
The reporter learned that the winners can spend from 18:00 on October 12 to 24:00 on October 18 at the 3389 merchants that have completed the digital RMB system transformation within the Luohu District of Shenzhen.
However, red envelopes cannot be transferred to others or redeemed to my bank account. Red envelopes that have not been used after the validity period will be withdrawn.
The reporter learned from relevant departments that the types of merchants participating in the consumer activities this time are diverse and the offline consumption scenes are rich, including shopping malls, supermarkets, restaurants, hotels, bookstores, gas stations, etc., which can almost meet the daily consumption needs of most people.
For consumers, the use of digital renminbi is very similar to the current non-contact payment methods such as "flick", but it is different.
The reporter learned that the digital renminbi has legal compensation, but not unlimited legal compensation.
This means that only merchants that have undergone system transformation and have the ability to accept digital renminbi.
This is quite different from using cash.
In accordance with current regulations, shops cannot refuse cash.
Although digital renminbi is positioned to replace some of the cash, the relevant payment system must be reformed to support digital renminbi consumption, so there are conditional requirements for accepting merchants.
This also makes it necessary for all parties in the payment chain to jointly advance the digital renminbi in the circulation process.
Recently, the Central Bank Digital Currency Research Institute and JD Digital Technology Group have reached a strategic cooperation to jointly promote the innovation of mobile application functions of digital RMB and the landing application of online and offline scenarios.
Fan Yifei, deputy governor of the People’s Bank of China, previously wrote that in the process of digital renminbi circulation, considering the high technical foundation and system management requirements, commercial banks as designated operating institutions can cooperate with other commercial banks and related institutions to clarify responsibilities and rights. Based on the relationship, jointly provide digital RMB circulation services to the public.
Speed up exploration
Digital RMB
From closed testing to open testing
The digital renminbi is positioned to replace some of the cash and will not affect the general money supply.
If the digital renminbi successfully enters the lives of the people, what impact will it bring?
The exploration of the Shenzhen pilot may give some answers.
Shenzhen takes the lead in piloting to seek first-mover advantage
Since the beginning of this year, my country has made frequent moves in digital currency.
On August 14, the Ministry of Commerce issued an important document "Overall Deepening of the Pilot Program for the Innovation and Development of Trade in Services", which put forward in the section "Comprehensive Deepening of the Pilot Tasks, Specific Measures and Division of Responsibilities for the Innovative Development of Service Trade": The Guangdong-Hong Kong-Macao Greater Bay Area and the pilot regions in the central and western regions where conditions are available to carry out digital RMB trials.
The People's Bank of China formulates policy guarantee measures; first, Shenzhen, Chengdu, Suzhou, Xiongan New District and other places and relevant departments of the future Winter Olympics will assist in the promotion, and follow-up will be expanded to other regions as appropriate.
Shenzhen's launch of digital currency red envelopes and the launch of retail scenarios are a strong implementation of the above-mentioned plan.
Shenzhen has always been at the forefront in the field of digital currency.
As early as 2018, the Digital Currency Research Institute established the only wholly-owned subsidiary in Shenzhen, Shenzhen Financial Technology Co., Ltd., which the industry interpreted as an important symbol of digital currency from research to practice.
In April 2020, Shenzhen was included as a pilot city for the financial technology "regulatory sandbox".
At the same time, policies have also given a lot of support to digital currencies.
The famous economist Song Qinghui pointed out to the Chengdu Commercial Daily-Red Star News reporter that the purpose of Shenzhen's pilot digital renminbi red envelope is to test daily consumption scenarios and accumulate experience for the future issuance and use of digital renminbi.
"This is a major breakthrough in the RMB application scenario. Testing in the most frequently used daily consumption scenario marks the beginning of the digital RMB test from a closed test to an open test."
Has been carried out once before
Small-scale trial
Relevant departments of Shenzhen clearly stated that the implementation of digital RMB red envelope pilots is an innovative practice carried out by Shenzhen to stimulate consumption and stimulate domestic demand during the normalization of epidemic prevention and control.
In fact, before the official launch of this trial, the People's Bank of China and the Luohu District Government of Shenzhen conducted a small-scale trial.
At that time, digital renminbi red envelopes were issued to some medical workers who made important contributions to the prevention and control of the new crown pneumonia epidemic, and they could be consumed at designated merchants.
The convenience, efficiency and safety of using digital renminbi have been recognized by many consumers in this attempt.
The Governor of the People’s Bank of China Yi Gang clearly stated that the development and application of legal digital currency will help efficiently meet the public’s demand for legal currency under the conditions of the digital economy, improve the convenience, safety and anti-counterfeiting level of retail payments, and boost my country The digital economy accelerates development.
In recent years, mobile payment has developed rapidly. Many consumers have gone out without cash or bank cards. Only a mobile phone can meet the needs of micropayments.
Mobile payment is so convenient, why is there a digital RMB?
Mu Changchun said that with the increasing importance of mobile payment, the central bank needs to promote the payment system to keep pace with the times, and introduce digital legal tender through top-level design. As a pure public product, it has become an important supplement to electronic payment.
Smart government affairs will become digital RMB
Important promotion channels
Sun Yang, director of the Financial Technology Research Center of the Suning Institute of Financial Research, pointed out: First of all, the format and means of this test are well thought out.
The method of applying for digital renminbi is relatively convenient. Promotional methods such as SMS and APP download are very popular, which can make it more convenient for ordinary people to accept and make it easier for merchants to accept payment.
The central bank's financial technology plan mentioned that to improve user experience, this application method also fully considers the user experience of ordinary people.
Secondly, this time Shenzhen has launched a digital RMB app independent of a certain banking platform, which is more able to support the "universal" of inclusiveness, which is of great significance.
Consumers can choose a bank that opens a personal digital wallet account, and it is promoted to consumers through Shenzhen's smart government channels. This is the concept of a broad account, which can further promote competition between banks for the improvement of digital RMB service quality.
In addition, the test will fully mobilize the government's enthusiasm for participating in the digital RMB pilot.
Smart government affairs will become a very important promotion channel for digital renminbi, increasing the service content of smart government affairs, allowing the government to be not only a channel to reach customers in the digital renminbi ecosystem, but also a role of providing scenarios. The penetration of consumption ecology.