Wang Fangyuan
On July 25, a number of digital RMB concept stocks rose sharply. The stock prices of Newland, Shensi Electronics, *ST Asia Union, and *ST Royal Bank all rose by more than 5%, and the stock price of Newland hit a new high in the past two months.
The 5th Digital China Construction Summit was held a few days ago, and the Digital RMB Industry Alliance was established.
Looking forward to the future, institutions believe that the digital renminbi is expected to become the "payment base" of the digital economy during the "14th Five-Year Plan" period, and investment opportunities in the industry chain such as the payment hardware market and bank IT upgrades can be expected.
Many concept stocks rose sharply
On July 25, the Wind digital currency index rose 0.41%, and 18 of the 41 concept stocks rose. Among them, Newland rose 9.97%, Shensi Electronics rose 5.12%, and *ST Asia Union and *ST Royal Bank both rose by the daily limit.
It is worth mentioning that the stock price of Newland hit a new high in the past two months, closing at 14.45 yuan per share.
This is related to the recent positive news of the digital yuan.
On July 24, at the 5th Digital China Construction Summit, Newland and Huawei jointly initiated an initiative to establish a digital RMB industry alliance, and Newland was selected as the chairman unit of the alliance.
According to reports, the alliance aims to connect with the digital China strategy, promote the innovative development of new digital renminbi infrastructure, and promote the development of the digital renminbi industry, joint technical research, and sharing of technology and knowledge resources.
Up to now, the alliance has a total of 37 member units. In addition to the chairman unit Newland, there are 11 vice chairman units such as Agricultural Bank of China, China Construction Bank, China Merchants Bank, and Industrial Bank, as well as China Mobile, China Telecom, China Unicom, etc. , Xiamen University School of Economics and other 25 member units.
Mu Changchun, director of the Digital Currency Research Institute of the People's Bank of China, said at the summit that the digital renminbi, as a legal digital currency issued by the People's Bank of China, will fully respect privacy and personal information protection, and on this basis, do a good job in risk prevention to prevent illegal Molecular utilization.
"The controllable anonymity of the digital renminbi will play a positive role in providing the public with a better and more secure payment service."
The better performance expectations of companies in the digital renminbi industry chain have also become a driving factor for stock price growth.
On the evening of July 14, Chutianlong, a digital RMB hard wallet manufacturer, announced that in the first half of the year, it is expected to achieve a net profit of 59.83 million yuan to 72.57 million yuan, a year-on-year increase of 185%-246%.
Digital RMB pilot expansion
Since the beginning of this year, the pilot work of digital renminbi has been steadily advanced. In addition to the major breakthroughs made in the pilot program of the Beijing Winter Olympics, the pilot areas and operating agencies have continued to expand, and the application scenarios have been greatly enriched.
On July 13, Zou Lan, director of the Monetary Policy Department of the People's Bank of China, introduced that the digital renminbi pilot has expanded from the original "10+1" pilot area to 23 areas in 15 provinces and cities, including Shenzhen, Suzhou, Xiong'an New Area, and Chengdu. 4 places removed the whitelist restriction and absorbed Industrial Bank as the new designated operating institution.
Zou Lan introduced that as of May 31, the pilot areas of 15 provinces and cities had accumulated about 264 million transactions through digital RMB, with an amount of about 83 billion yuan, and the number of merchant stores that supported digital RMB payment reached 4.567 million.
It is worth mentioning that, thanks to the application of smart contracts, the digital renminbi has played a role in precisely stimulating consumption.
According to statistics from Huaxi Securities, the amount of digital renminbi red envelopes issued in various places this year has exceeded 300 million yuan.
Huaxi Securities said that in the long run, it is expected that the digital renminbi will become a new digital infrastructure for the C-side, even the B-side and G-side, and build a "payment base" for the "14th Five-Year Plan" digital economy.
In terms of investment, Wu Chunyang, chief analyst of the computer industry of Everbright Securities, said that as the promotion of digital renminbi accelerates and the time for full implementation approaches, various infrastructure upgrades will be gradually accelerated, and related industry chain companies will usher in an opportunity for accelerated development.
It is recommended to focus on the following three main investment lines: one is the payment hardware market, the second is the banking IT upgrade and transformation market, and the third is digital RMB promotion and scenario service companies.