Core Viewpoint - The Ministry of Industry and Information Technology of China plans to establish mandatory national standards for digital human identity identification, aiming to regulate the digital human industry and enhance management mechanisms to prevent misuse and fraud [1][2]. Group 1: Regulatory Standards - The proposed standard will define the identification system, registration, management, and identification requirements for digital human identities [1]. - The standard aims to facilitate rapid tracing of problematic digital human information, aiding industry regulation and reducing fraud risks [1]. Group 2: Industry Growth and Impact - The digital human industry in China has seen rapid growth, with over 1.14 million related enterprises established [2]. - Projections indicate that by 2025, the scale of China's digital human industry will exceed 40 billion yuan, driving surrounding industries to surpass 600 billion yuan [2]. Group 3: Security and Compliance - The standard will implement a "one person, one code" system for all digital humans used for commercial and communication purposes, which will help mitigate security risks associated with digital humans [1]. - Establishing a unified digital human identity certification system will promote the standardized, clustered, and refined development of the industry [1].

Group 1 - The Ministry of Industry and Information Technology of China has announced a public consultation for the mandatory national standard on "Classification and Identification Requirements for Digital Human Identity" [1] - The proposed standard aims to establish a management mechanism for digital human identity, addressing issues such as identity theft and the dissemination of illegal information [1] - The standard will facilitate rapid tracing of problematic digital human information, enhance industry regulation, and reduce fraud risks by creating a unified digital human identity certification system [1] Group 2 - There are over 1.14 million companies related to the digital human industry in China [2] - It is projected that by 2025, the scale of China's digital human industry will exceed 40 billion yuan, driving the surrounding industry scale to over 600 billion yuan [2]

证券日报网讯1月23日，新国都（300130）在互动平台回答投资者提问时表示，公司一直密切关注数字 人民币、跨境支付相关政策和业务场景创新方向，基于监管框架，积极储备产品、技术和合规等相关能 力，寻求业务发展机会。近年来公司持续加强旗下跨境支付品牌PayKKa的资源投入、产品研发和银行 资金渠道建设。收款业务方面，公司持续优化B2B跨境贸易收款、B2C跨境电商收款产品能力，不断加 强各个国家本地账户建设，本地账户区域覆盖美国、加拿大、英国、欧盟、澳大利亚、新加坡、中国香 港、印尼、菲律宾、泰国、越南等主要国家和区域，同时开通罗马尼亚列伊(RON)、捷克克朗(CZK)、 波兰兹罗提(PLN)和匈牙利福林(HUF)等欧洲小币种收款；PayKKa还成功帮助客户在Amazon、Etsy、 Lazada、Shopee、TikTok等全球主流电商平台收款；收单业务方面，公司独立站全球收单产品上线，不 断加强和收单行、收单机构合作。针对国内数字人民币的受理场景，公司能够提供多种场景下的数字人 民币受理解决方案，例如聚合支付码牌、数币收款码牌、POS扫描数币付款码等。 ...

Core Insights - JD Group's CEO Xu Ran revealed that by 2025, the search volume related to "AI" on JD's platform is expected to increase over 100 times year-on-year, marking 2025 as the "explosion year" for AI consumption [1] - The acceptance of AI functionalities among consumers has significantly risen, with nearly half (46.8%) of consumers believing that products must integrate AI capabilities [1] - JD is leveraging the C2M (Customer-to-Manufacturer) model and its "super supply chain" to convey consumer insights to brands, accelerating product iteration [1] AI Consumption Trends - Sales of smart glasses and smart robots are projected to grow by 10 times and 3 times, respectively, in 2025 [1] - AI technology is being integrated into various applications, including AI shopping assistants and digital human live streaming, generating tangible benefits in e-commerce operations [1] Digital Human Live Streaming - During the 2025 "JD 11.11" shopping festival, the total transaction volume from digital human live streaming exceeded 2.4 billion yuan, with 50,000 merchants utilizing digital human hosts for 24-hour continuous streaming, leading to a 30% increase in overall platform conversion rates [1] AI in Customer Service and Logistics - JD's AI robots in customer service and logistics have achieved large-scale application, enhancing operational efficiency [1] Skills Reskilling Initiative - JD announced its participation in the World Economic Forum's "Reskilling Initiative," becoming the first Chinese company to join this program aimed at training employees to meet the new skill demands of the AI era [2]

针对上述提问，新国都回应称："您好，公司一直密切关注数字人民币、跨境支付相关政策和业务场景 创新方向，基于监管框架，积极储备产品、技术和合规等相关能力，寻求业务发展机会。近年来公司持 续加强旗下跨境支付品牌PayKKa的资源投入、产品研发和银行资金渠道建设。收款业务方面，公司持 续优化 B2B 跨境贸易收款、B2C跨境电商收款产品能力，不断加强各个国家本地账户建设，本地账户 区域覆盖美国、加拿大、英国、欧盟、澳大利亚、新加坡、中国香港、印尼、菲律宾、泰国、越南等主 要国家和区域，同时开通罗马尼亚列伊（RON）、捷克克朗（CZK）、波兰兹罗提（PLN）和匈牙利福 林（HUF）等欧洲小币种收款；PayKKa还成功帮助客户在Amazon、Etsy、Lazada、Shopee、TikTok等 全球主流电商平台收款；收单业务方面，公司独立站全球收单产品上线，不断加强和收单行、收单机构 合作。针对国内数字人民币的受理场景，公司能够提供多种场景下的数字人民币受理解决方案，例如聚 合支付码牌、数币收款码牌、POS扫描数币付款码等。感谢您的关注，敬请投资者注意投资风险。" 有投资者在互动平台向新国都提问："近期人民银行等八部门 ...

Core Viewpoint - The Ministry of Industry and Information Technology has announced the public disclosure of a mandatory national standard project titled "Classification and Identification Requirements for Digital Human Identity" as part of the overall standardization efforts [1] Industry Overview - The digital human industry in China has experienced rapid growth, with over 1.14 million related enterprises currently operating [1] - From November 2024 to May 2025, an additional 174,000 new registered enterprises are expected to emerge in this sector [1] - It is projected that by 2025, the scale of China's digital human industry will exceed 40 billion yuan, driving the surrounding industry scale to over 600 billion yuan [1] Application Scenarios - Digital humans are widely utilized in various fields, including performance hosting, e-commerce live streaming, brand marketing, customer service, and education and training, indicating a broad range of application scenarios [1] Challenges - Despite the rapid development of the digital human industry, significant risks have emerged, particularly due to the lack of an effective digital human identity management mechanism, leading to a proliferation of unidentified digital human images in the internet space [1]

Core Viewpoint - The digital renminbi has entered its 2.0 era, transitioning from a central bank liability to a commercial bank liability, allowing it to earn interest and be included in reserve requirements and deposit insurance systems [1] Group 1: Digital Renminbi Development - The People's Bank of China has issued an action plan to strengthen the management service system and related financial infrastructure for digital renminbi [1] - The new generation of digital renminbi is characterized as a digital deposit currency, marking a significant shift from M0 to M1 [1] Group 2: Global CBDC Trends - Global developments in Central Bank Digital Currencies (CBDCs) show three distinct trends: 1. Active development and implementation of retail CBDCs to anchor monetary sovereignty and payment autonomy, with China, the EU, and Russia as typical representatives [1] 2. Focus on payment system innovation to replace retail CBDC issuance, while advancing wholesale CBDC and cross-border collaboration, represented by the UK, Canada, and Japan [1] 3. Delaying or prohibiting CBDC advancement, with the US taking a particularly conservative stance due to concerns over the impact of a digital dollar on the global demand for physical dollars and its implications for international financial status [1]

近日，包括六大国有 银行在内的多家 数字人民币钱包运营机构相继发布公告，自2026年1月1日起，实 名钱包计息正式落地。数字人民币是解锁消费活力的"金钥匙"。截至2025年11月末，数字人民币累计处 理交易34.8亿笔，累计交易金额16.7万亿元。通过数字人民币APP开立个人钱包2.3亿个，数字人民币单 位钱包已开立1884万个。对数字人民币实名钱包余额计息，就是商业银行为个人和单位开立的实名数字 人民币钱包中的余额支付利息，计结息规则与活期存款一致。这将显著提升用户使用数字人民币的意 愿，进一步拓展其应用场景。 ...

Core Viewpoint - The upgrade to version 2.0 of the digital RMB introduces interest-bearing wallets and integrates carbon credits into the digital currency ecosystem, enhancing its functionality and appeal to users [1][2][3]. Group 1: Digital RMB Upgrade - The digital RMB 2.0 version allows wallet balances to earn interest, aligning them with the characteristics of demand deposits [2][3]. - The upgrade shifts the digital RMB's role from a mere payment tool to a comprehensive financial infrastructure, expanding its functionalities beyond retail payments to include savings, loans, and investments [3][5]. Group 2: User Experience and Wallet Types - Digital RMB wallets are categorized into four types based on user authentication, with only real-name wallets eligible for interest, reflecting a principle of rights and responsibilities [2][3]. - Users can choose between the convenience of anonymous wallets and the benefits of interest-bearing real-name wallets, catering to different needs [2]. Group 3: Ecosystem Expansion and Application Scenarios - The digital RMB ecosystem is expanding, with a significant increase in transaction volumes and wallet openings, indicating growing adoption [4][5]. - Future applications of digital RMB are expected to include diverse financial products and services, enhancing payment efficiency and reducing operational risks for businesses [5].

[ 自2024年6月试运营至2025年底，多边央行数字货币桥累计交易金额折合人民币约4778亿元，其中数 字人民币在各币种交易额中占比约96%。 ] 历经十余年理论探索、试点落地与体系升级，数字人民币在2026年迎来关键跨越。 随着中国人民银行《关于进一步加强数字人民币管理服务体系和相关金融基础设施建设的行动方案》 （下称《行动方案》）正式实施，新一代数字人民币计量框架、管理体系、运行机制和生态体系全面落 地，定位从现金（M0）的数字化替代，拓展至覆盖M1、M2范畴，完成从现金型1.0到存款货币型2.0的 时代跃升。 这场核心变革，不仅理顺了央行与商业银行的权责关系，还凭借混合式架构的独特优势、双层运营体系 的制度创新与跨境应用的先行探索，为全球中央银行数字货币（CBDC）发展提供了可借鉴的中国样 本。 升级并非另起炉灶 数字人民币2.0并非另起炉灶。 "数字人民币从1.0进入2.0时代不是重新开始，更不是改换赛道，而是保留了前期试点的核心成功要 素。"中银证券全球首席经济学家管涛认为，其独创的"中央银行—商业机构"双层运营体系，经过十年 实践检验，已被全球央行和国际组织广泛认可，成为数字货币通用标准。 江苏 ...