The central bank advances digital renminbi research and development in an orderly manner

The Party Committee of the People's Bank of China held a meeting to convey the spirit of the Central Economic Work Conference. The meeting emphasized that the financial supply-side structural reform will be deepened next year. Deepen the reform of rural credit cooperatives and the bond market. Strengthen the overall supervision of financial infrastructure. Promote the research and development of digital renminbi in a steady and orderly manner.

As of October 22, 2021, my country has opened a total of 140 million digital renminbi personal wallets, 10 million corporate wallets, and a total of 150 million transactions, with a transaction volume approaching 62 billion yuan. In addition, there are currently more than 3.5 million digital RMB pilot scenarios. According to agency estimates, the upgrade of digital RMB hardware and software industry will bring a market space of 140 billion yuan, including bank core system transformation 5.1 billion, digital renminbi hard wallet 33.9 billion, ATM upgrade 50.7 billion, smart counter card issuing machine upgrade 32.3 billion, merchant POS equipment Upgrading 19.2 billion, the market space is broad.