Chen Guojing
We should continue to give full play to the characteristic functions of digital RMB smart contracts and contribute to safeguarding people's livelihood, promoting consumption, expanding domestic demand, and stabilizing growth.
The key is to continue to innovate characteristic application scenarios and extend the reach of digital renminbi services.
The research and development of digital renminbi should be based on serving the real economy and people's lives, so that more enterprises and individuals can feel the value of digital renminbi.
The digital yuan is coming to us at an accelerated rate.
According to the latest data released by the People's Bank of China, the digital renminbi pilot has expanded from the original "10+1" pilot areas to 23 areas in 15 provinces and cities.
As of May 31 this year, the pilot areas of 15 provinces have accumulated about 264 million transactions through digital RMB, with an amount of about 83 billion yuan, and the number of merchant stores that support digital RMB payment has reached 4.567 million.
From the start of the pilot to the present, it is not easy for the digital RMB pilot to achieve such results in a relatively short period of time.
Especially since this year, the digital renminbi has further demonstrated the value of promoting the development of financial inclusion, and has played an active role in safeguarding people's livelihood, promoting consumption, expanding domestic demand, and stabilizing growth.
Recently, the distribution of digital RMB consumer coupons has become one of the measures to promote consumption in many pilot areas.
According to incomplete statistics, since May this year alone, Shenzhen, Xiongan New Area, Chengdu, Xiamen, Jinhua, Guangzhou, Fuzhou and many other places have launched various forms of digital renminbi consumption promotion activities, with a distribution amount exceeding 300 million yuan.
The technical characteristics of digital renminbi are very suitable for precise consumption promotion.
Smart contract technology is one of the most prominent innovations of digital renminbi at present, and it is also the best tentacle for the combination of digital renminbi and online and offline scenarios.
The so-called smart contract is a contract that records the terms in computer language and is automatically executed by the program.
Taking advantage of the scalable and directional characteristics of smart contracts, digital renminbi has launched pilot projects in multiple scenarios such as insurance, prepayment, loan issuance, and housing leasing.
In short, any scenario that meets the conditions of directional payment, opaque transaction process, and difficulty in restricting the use of transaction funds can bring out the advantages of digital renminbi.
For example, in the field of prepaid fund management such as commercial single-purpose prepaid cards, smart contracts can effectively prevent misappropriation of funds and achieve transparent supervision; through smart contract technology, the use time and scope of application of digital RMB red envelopes can be accurately set.
The combination of digital renminbi with consumer coupons and e-commerce platforms will also help promote digital renminbi and accelerate the recovery of the consumer market.
Focusing on stabilizing the economic market, the next step should continue to give full play to the digital renminbi smart contracts and other special functions, and contribute to safeguarding people's livelihood, promoting consumption, expanding domestic demand, and stabilizing growth.
The key is to continue to innovate characteristic application scenarios and extend the reach of digital RMB services.
Nowadays, my country's mobile payment is very developed, and there are many types of mobile payment tools that financial consumers can choose when making payment.
This means that the richness of the scene will affect the user's choice and experience of mobile payment tools.
The perfect ecosystem and rich application scenarios make digital RMB ubiquitous and accessible, thereby attracting more people to use it.
Therefore, it is necessary to further expand the use of digital renminbi in retail transactions, life payment, government services and other scenarios, and base the research and development of digital renminbi to serve the real economy and people's lives, so that more enterprises and individuals can feel the value of digital renminbi.
In the preliminary pilot, the technical design and system stability, product usability and scene applicability of the digital RMB business have been effectively verified.
In the future, on the basis of steadily expanding the scope of the pilot, we should give full play to the enthusiasm and creativity of all sectors of society and participants, explore a sustainable development model that allows the society to participate together and compete for the best, and launch a model that can satisfy the widest range of users and adapt to the richest scenarios. financial services products.
As a digital renminbi operating institution, commercial banks have played an important role in the construction of digital renminbi scenarios and the promotion of daily applications.
It is also necessary to further stimulate the initiative of commercial banks in the promotion of digital renminbi, guide large Internet platforms to deeply participate in the pilot, and help them accelerate their integration into the digital renminbi ecosystem.
Pilot areas should also seize the opportunity to fully tap the potential of digital renminbi in safeguarding people's livelihood, promoting consumption, expanding domestic demand, and stabilizing growth, and create more online and offline, replicable and popularized application models for the wider promotion of digital renminbi. Apply to accumulate valuable experience.