Core Viewpoint - The successful completion of the first cross-border digital payment using digital RMB in Laos marks a significant advancement in the bilateral digital payment cooperation between China and Laos, showcasing the practical application of digital RMB for Chinese residents abroad [1][4]. Group 1: Digital RMB Implementation - The first transaction involved a Chinese tourist making a payment of 3,000 LAK (approximately 0.99 CNY) at a merchant in Laos using the digital RMB app, eliminating the need for currency exchange [2][3]. - The transaction was processed through the Ant Group's subsidiary, MyBank, which is one of the first institutions to operate digital RMB [3]. Group 2: Bilateral Cooperation Framework - In 2024, the People's Bank of China and the Bank of the Lao People's Democratic Republic signed a memorandum to enhance cooperation on digital payments and central bank digital currencies [4]. - The first phase of the bilateral cross-border digital payment cooperation project began in December 2025, focusing on the interconnection of digital RMB payment platforms with Laos' national payment network (LAPNet) [4]. - The project aims to facilitate the use of digital RMB for cross-border trade and payments, with future phases planned to support Lao residents using their digital wallets in China [4]. Group 3: Strategic Alignment - The initiative aligns with China's broader strategy to enhance the international use of the RMB and support regional economic cooperation, particularly in Southeast Asia [3][4]. - The successful implementation of the digital RMB in Laos is expected to expand its cross-border application and explore cost-effective methods for cross-border payments [3].

Core Insights - The digital renminbi has transitioned from the "digital cash era" to the "digital deposit currency era" with the launch of the upgraded version 2.0 of the digital renminbi App [1] Group 1: Digital Renminbi App Features - Starting from January 1, 2026, the balance in the real-name digital renminbi wallet will earn interest based on the current deposit rate, with interest details available for users to view quarterly [1] - The updated App has optimized the wallet interface design and introduced personalized skin features [3] - The digital renminbi App serves as the primary platform for individual users to manage their digital renminbi assets, aggregating wallet access from various operating institutions for unified management [4]

Core Insights - The article highlights the rapid development of artificial intelligence, particularly focusing on digital humans, which are transforming traditional interaction models and business ecosystems [1][3][4] Group 1: Digital Human Technology - Kexiyun Digital Human stands out due to its advanced AI algorithms, creating highly realistic virtual personas with impressive language understanding and expression capabilities [1][3] - TK Digital Human possesses a unique design style that combines fashion-forward elements with approachability, effectively engaging diverse user groups [3][4] Group 2: Interaction Capabilities - Kexiyun Digital Human offers a natural and efficient interaction experience, allowing for deep conversations that feel like engaging with a knowledgeable and caring partner [1][3] - TK Digital Human focuses on emotional resonance, adjusting responses based on user emotions, thereby fostering a sense of genuine emotional connection [3][4] Group 3: Commercial Applications - The combination of Kexiyun and TK Digital Humans presents significant potential in e-commerce live streaming, enhancing product explanations and emotional engagement to boost sales conversion rates [3][4] - In the education sector, Kexiyun Digital Human serves as a knowledgeable instructor, while TK Digital Human acts as a supportive learning companion, improving student engagement and learning outcomes [4] Group 4: Social and Entertainment Experiences - The collaboration between Kexiyun and TK Digital Humans offers users a novel social experience, blending knowledge and entertainment to meet modern social needs [6] - Continuous technological advancements will enable both digital humans to explore new application scenarios, enhancing interaction realism and personalization [6]

怡 亚 通（002183.SZ）1月5日在投资者互动平台表示，当前，公司跨境支付及国内供销服务环节暂未涉 及数字人民币支付场景。公司将持续跟踪数字人民币政策与市场动态，储备相关技术适配能力，探索其 在跨境结算等场景的应用可行性。公司相关信息请以公司披露的公告为准。 （记者 王瀚黎） 每经AI快讯，有投资者在投资者互动平台提问：请问公司在跨境支付及国内供销服务中是否有数字人 民币使用的相关场景及公司在数字人民币方面的应用计划？ ...

Core Viewpoint - The upgrade of digital RMB from a "pilot product" to a "core liability and infrastructure" of banks will lead to an "order-driven + long-term penetration" impact on A-shares, rather than a simple thematic trade [1][2]. Group 1: Digital RMB Upgrade - The People's Bank of China will officially launch a new generation of digital RMB measurement framework and management system starting January 1, 2026, transitioning from "cash-type 1.0" to "deposit currency-type 2.0" [2]. - The core of the 2.0 mechanism is the redefinition of liability attributes and the inclusion of a macro framework, where balances in real-name wallets at commercial banks will be treated as "account-based commercial bank liabilities" [3]. Group 2: Financial IT Impact - Financial IT companies are likely to benefit from the need for banks to transform their core systems, accounting, channels, and data governance as the digital RMB infrastructure is implemented [1]. - The digital RMB will enhance the willingness of users to hold and use it by providing interest payments on wallet balances, similar to traditional deposits, thus creating a manageable asset-liability space for banks [3]. Group 3: Technical Architecture - The proposed digital path includes an "account system + currency string + smart contracts," which aims to standardize the wallet system and enhance the resilience of the system while ensuring compatibility with distributed ledger technology (DLT) [4]. - The smart contract ecosystem will facilitate programmable digital payments, reducing misuse risks and compliance costs across various scenarios such as supply chain finance and fiscal subsidies [4]. Group 4: Investment Recommendations - Companies such as Hengsheng Electronics, Jingbeifang, Changliang Technology, and Yuxin Technology are recommended for their potential in payment acceptance and terminal expansion [5]. - Communication operators like China Telecom, China Unicom, and China Mobile are expected to benefit directly from capabilities related to SIM hard wallets and cross-border connections [5].

格隆汇1月5日丨怡亚通(002183.SZ)在投资者互动平台表示，当前，公司跨境支付及国内供销服务环节 暂未涉及数字人民币支付场景。公司将持续跟踪数字人民币政策与市场动态，储备相关技术适配能力， 探索其在跨境结算等场景的应用可行性。 ...

Core Viewpoint - The company, Yiatong (002183.SZ), has indicated that it currently does not involve digital RMB payment scenarios in its cross-border payment and domestic supply chain services. The company will continue to monitor digital RMB policies and market dynamics, while also preparing relevant technical capabilities to explore the feasibility of its application in cross-border settlement scenarios [1] Group 1 - The company is not currently utilizing digital RMB in its payment services [1] - The company is committed to tracking digital RMB policies and market trends [1] - The company is exploring the feasibility of digital RMB in cross-border settlement applications [1]

Core Viewpoint - The digital renminbi is officially upgraded to version 2.0 on January 1, 2026, transitioning from "digital cash" to "digital deposits," allowing for interest payments on wallet balances similar to traditional bank deposits [1][7][17]. Group 1: Interest Payment Mechanism - Ten operational institutions, including major banks, will pay interest on the balances of real-name digital renminbi wallets at the current savings account rate of 0.05% [3][4]. - The interest calculation rules will align with those of traditional bank savings accounts, with quarterly interest payments on specific dates [4][10]. - Only real-name wallets will benefit from interest payments, while non-real-name wallets will prompt users to upgrade for earning interest [2][4]. Group 2: Digital Renminbi App Upgrade - The digital renminbi App has been upgraded to version 2.0, enhancing functionality and user experience, including personalized features and better management of deposit-type digital renminbi [3][4]. - Users can check their wallet assets, including interest rates and quarterly interest information, through the app [4][10]. Group 3: Regulatory Framework and Operational Changes - The upgrade is driven by the People's Bank of China's action plan to strengthen the management and service system for digital renminbi [8][9]. - The digital renminbi will now be considered a liability of commercial banks, allowing them to manage it as part of their asset-liability operations, thus providing similar safety guarantees as traditional deposits [10][11]. - The action plan also emphasizes the importance of compliance with anti-money laundering regulations and the establishment of a robust digital currency infrastructure [9][10]. Group 4: Future Prospects and Applications - The digital renminbi is expected to expand its functionality beyond payments to include the purchase of traditional financial products [1][17]. - The transition to digital deposits will enhance the digital renminbi's role in the financial ecosystem, allowing for broader applications and integration with emerging technologies [11][17]. - The digital renminbi supports offline payments, ensuring transaction capabilities without internet access, which distinguishes it from traditional payment methods [16].

Group 1 - The People's Bank of China conducted a 365 billion yuan 7-day reverse repurchase operation, resulting in a net withdrawal of 433.6 billion yuan [1] - The People's Bank of China issued the "Non-Bank Payment Institutions Classification Rating Management Measures" to enhance supervision of non-bank payment institutions, effective from February 1, 2026 [2] - In 2025, the banking sector saw a net increase of 623 physical bank branches, marking the first positive growth in three years despite the closure of 7,871 branches [3] Group 2 - Ten digital RMB operating banks announced that starting January 1, 2026, they will pay interest on digital RMB wallets at the same rate as their demand deposit rates [4] - Chengdu Rural Commercial Bank announced that its total assets have surpassed 1 trillion yuan, becoming the fifth rural commercial bank in China to reach this milestone [5] - Xinjiang Bank received approval to increase its registered capital from 7.906 billion yuan to 12.222 billion yuan [6] Group 3 - Baoding Bank's plan to change its registered capital was approved, allowing it to raise 250 million shares [7] - Ningbo Tongshang Bank was approved to issue capital instruments not exceeding 2 billion yuan, including perpetual bonds and subordinated bonds [8][9] - The Dongguan Financial Regulatory Bureau and other departments will pilot real estate trust property registration in Dongguan to support the transformation of the trust business [10] Group 4 - New Era Trust's 100% equity is being offered for transfer for the third time, with a base price of approximately 1.851 billion yuan, consistent with previous offers [11]

Core Viewpoint - The digital renminbi is set to transition to version 2.0 on January 1, 2026, evolving from "digital cash" to "digital deposits," which will enhance consumer engagement and have significant implications for the financial market [1][4]. Group 1: Key Changes in Digital Renminbi 2.0 - The most significant change is that the balance in real-name digital renminbi wallets will earn interest at the rate of current deposits starting January 1, 2026 [4][5]. - Major banks, including ICBC, ABC, BOC, and others, have announced that the interest rate for digital renminbi will be 0.05%, similar to current deposit rates [4][5]. - Consumers can expect quarterly interest payments on their wallet balances, with specific dates for interest calculation [4][5]. Group 2: Consumer Benefits and Security - Only real-name wallets will earn interest, while anonymous wallets will not be eligible [5]. - Digital renminbi deposits will be covered by deposit insurance, providing a safety net of up to 500,000 yuan, similar to traditional bank deposits [5][8]. - The upgrade aims to enhance the attractiveness of funding digital wallets, as idle funds can now generate interest with no operational costs [4][5]. Group 3: Implications for Financial Institutions - The upgrade allows banks to actively manage digital renminbi as part of their asset-liability management, potentially leading to new financial services such as loans and investment products [8][10]. - Non-bank payment institutions will need to adapt to new regulations, including a requirement to deposit 100% of digital renminbi as collateral, which may impact their liquidity [9][10]. - The integration of digital renminbi into existing financial systems is expected to enhance customer retention and create a closed-loop system for financial services [10][12]. Group 4: Market Impact and Future Prospects - The digital renminbi's inclusion in general deposit assessments will shift banks from passive to active deposit acquisition strategies [10][12]. - The upgrade is seen as a milestone, marking a new phase in the standardization of digital currency operations, which will improve regulatory efficiency and enhance user experience [11][12]. - The potential for smart contracts and programmable currency capabilities is anticipated to drive future growth and innovation across various sectors [12].