Global EditionASIA 中文雙語Fran?ais
    Business
    Home / Business / Finance

    E-CNY signals digitalization to 'connect everything'

    By Cheng Shi and Gao Xinhong | China Daily Global | Updated: 2021-03-22 09:45
    Share
    Share - WeChat
    [CAI MENG/CHINA DAILY]

    The 2021 Government Work Report mentioned the word "digital" 10 times, which is unprecedented. It means that building a "digital China" has become an important goal of the country's long-term plan for economic development.

    In order to create new advantages in the digitalized economy, China needs not only to focus on the improvement of digital productivity, but also to promote the overall evolution of production relations. In this context, the innovation of the currency system is the starting point for a series of changes.

    Since the implementation of the first pilot application scenario of the digital renminbi, or e-CNY, in April 2020, the speed and breadth of the promotion have greatly exceeded the market expectation, and a total of 150 million yuan ($23 million) of e-CNY has been distributed to the public.

    We believe that so far the development of e-CNY has been in a "sprint stage", and it will accelerate the construction of a digitalized China.

    The e-CNY has become a hot word at the two sessions this year, and has been included in the targets of many local governments' annual tasks.

    The tests relating to the 2022 Beijing Winter Olympics scenes were laid out in advance in February, and to some extent, the "closed-loop test" so far has met the requirements set before, and the official launch of the digital currency may be coming soon.

    For storing the e-CNY, safety and portability are the primary elements to consider. The physical form of e-CNY will be as simple and pragmatic as possible, and it will be promoted at full speed in a direction that is in line with China's rational development of the financial sector.

    The visual card, wearable device, and digital wallet with chips, may only be used as supplements for specific scenarios.

    Recently, the Digital Research Institute of the People's Bank of China, the central bank, has accelerated the development of the enterprise application of e-CNY. It is based on China's first autonomous and controllable blockchain software and hardware technology system called "Chang'an Chain".

    The system shows that the functions of the digital RMB will not only replace M0-the cash in circulation-but also aim to serve the mutual-trust payment and improve the environment of enterprises.

    Looking forward, the full range of traceability of the e-CNY is coupled with the blockchain technology, and its programmability expands the space for applications of digital technologies, such as 5G and artificial intelligence, or it will reconstruct the exchange system of the global digitalized economy. It may spark a new generation of digital economy.

    The test of e-CNY is paving related financial infrastructure both online and offline. In April 2020, China's first application scenario of the e-CNY debuted in Suzhou, Jiangsu province and it was distributed to employees of district-level government agencies, institutions and directly affiliated enterprises in Xiangcheng district in the form of transportation subsidies.

    After six years of research and development, the e-CNY finally entered the stage of promotion to residents.

    Since the first pilot program of the e-CNY digital red packets in Shenzhen's Luohu district, Guangdong, in October 2020, the central bank has distributed 150 million yuan in all in red packets in Beijing, Suzhou, Chengdu in Sichuan province, Shenzhen's Futian and Longhua districts.

    We believe that the promotion of e-CNY is a gradual and inclusive process. Not only does it promote citizens' participation during the issuance of the "red envelopes", it also considers the users' needs of the circulation of digital money.

    On the one hand, the promotion of e-CNY has gradually moved from purely offline scenarios, such as gas stations and supermarkets, to the integration of online and offline.

    1 2 Next   >>|
    Top
    BACK TO THE TOP
    English
    Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
    License for publishing multimedia online 0108263

    Registration Number: 130349
    FOLLOW US
    CLOSE
     
    久久丝袜精品中文字幕| 无码人妻视频一区二区三区| 精品国精品无码自拍自在线| 最近更新2019中文字幕| 日韩少妇无码一区二区三区| 少妇伦子伦精品无码STYLES| 最新中文字幕在线视频| 中中文字幕亚洲无线码| 国产亚洲3p无码一区二区 | 无码 免费 国产在线观看91| 国产啪亚洲国产精品无码| 娇小性色xxxxx中文| 亚洲精品无码久久毛片| 国产成人无码专区| 免费精品无码AV片在线观看| 亚洲精品无码午夜福利中文字幕| 亚洲JIZZJIZZ中国少妇中文| 天堂а√在线中文在线 | 中文字幕亚洲综合久久| 日本妇人成熟免费中文字幕| 久久亚洲av无码精品浪潮| 国产成A人亚洲精V品无码性色| 少妇无码一区二区三区| 西西午夜无码大胆啪啪国模| 亚洲AV无码专区在线播放中文| 日韩综合无码一区二区| 亚洲看片无码在线视频| 久久无码AV一区二区三区| 国产成人无码区免费内射一片色欲| 亚洲中文字幕无码爆乳av中文| 中文字幕无码av激情不卡久久| 中文精品人人永久免费| 无码区日韩特区永久免费系列| 中文字幕不卡亚洲| 日日摸夜夜爽无码毛片精选| 夜夜添无码试看一区二区三区| 在线播放无码后入内射少妇| 亚洲Av无码专区国产乱码DVD| 无码人妻视频一区二区三区| 国产成人精品无码免费看| 亚洲AⅤ永久无码精品AA|