Core Viewpoint - The evolution of digital RMB is progressing towards becoming a true credit currency, with the upcoming "Digital RMB Action Plan" integrating it into the reserve requirement system, thereby enhancing its role in the banking system [2][3]. Group 1: Digital RMB Framework - Digital RMB will be managed under the reserve requirement system, with wallet balances subject to reserve requirements, and non-bank payment institutions required to implement 100% reserve for digital RMB [2]. - The transition from digital RMB as mere cash to a deposit-like status means it will now be treated as a liability of both the central bank and commercial banks, similar to existing bank deposits [3]. Group 2: Monetary Control and Risks - The integration of digital RMB into bank accounts allows for better control of monetary policy by the central bank, mitigating risks associated with cash leakage and financial disintermediation seen in other digital currencies [3][4]. - Digital currencies, including Bitcoin and stablecoins, pose risks due to their anonymity and decentralization, which can lead to challenges in macroeconomic regulation [3]. Group 3: Technological Integration - The "account system + digital currency + smart contract" framework aims to enhance the digitalization and intelligence of RMB issuance, circulation, and payment processes [4]. - The application of smart contracts in digital RMB can improve financial solutions across various sectors, including supply chain finance and consumer protection [5]. Group 4: Environmental and Social Applications - Digital RMB can facilitate carbon reduction initiatives by providing value confirmation and payment services for energy-saving behaviors, thus promoting public participation in carbon reduction efforts [6]. - The use of blockchain technology in digital RMB enhances trust among multiple stakeholders, particularly in cross-border payments, offering advantages such as efficiency, low cost, and security [6].

根据行动方案，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将于2026年1月1日正式启 动实施。对此，智通财经记者采访多位专家，从数字人民币到底有何变化，对商业银行及个人投资者有 何影响，进行多维度解读。 "新"在哪里？ "首先，数字人民币的负债主体有了变化。"一位专家对智通财经记者表示，此前，数字人民币是中国人 民银行发行的法定数字货币，是数字现金，即现金的数字形式。 来源：智通财经 近日，中国人民银行出台《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》。 "如今，变成数字人民币存款后，商业银行就可以对数字人民币钱包的余额开展资产负债经营管理，这 有助于调动商业银行展业的积极性。"管涛进一步解释。 "这意味着，此前，数字人民币是中央银行对公众的负债。"专家指出，"新一代数字人民币计量框架 中，数字人民币负债主体有了变化，不再是中央银行对公众的负债，而成为商业银行的负债。" "这就标志着，数字人民币由现金型1.0版，进入了存款货币型数字人民币2.0版。"另一位行业专家对智 通财经记者表示，"也就是说，现阶段，从货币角度，数字人民币的定位，从流通中现金转变为了存 款。" 专家 ...

当前六大国有行活期存款挂牌利率均为0.05% 目前数字人民币钱包分成一至四类，实名程度依次降低 一类钱包余额无上限，二至四类分别为50万、2万、1万 制图:李思萌(即梦AI生成) ...

Core Insights - The article highlights the evolution of digital humans from a novel concept to a transformative force in various industries, driven by the integration of AI technology by companies like Shiyou Technology [1][14]. Technology Foundation - Shiyou Technology has developed a comprehensive technology stack for digital humans, including proprietary algorithms, hardware, and application platforms [1][3]. - The digital human engine features over 180 facial control points, achieving over 95% accuracy in lip-syncing and supporting 24 emotional modes, enabling lifelike interactions [3]. - The "Pota" AI digital human integrates self-developed AI platforms and large language models, supporting multimodal interactions with a high accuracy rate of 98% [3]. - The company offers flexible product forms, including AI digital human all-in-one machines and software solutions that can be easily integrated into existing business systems [3][14]. Industry Empowerment - Shiyou Technology has successfully implemented its technology in various sectors, creating replicable benchmark cases [1][4]. - In smart governance, the "Fengxiaoshu" digital guide in Beijing's Fengtai District has reduced average waiting times by 58% and improved service efficiency [5]. - In corporate exhibition halls, Shiyou Technology has transformed static displays into interactive experiences, enhancing brand perception and visitor engagement [7]. - In education, the AI virtual assistant in classrooms has increased interaction frequency and alleviated teachers' workloads [8]. - In transportation, AI digital humans at airports provide 24/7 multilingual services, improving efficiency and passenger satisfaction [9]. Innovative Integration - Shiyou Technology combines digital humans with VR and MR technologies to enhance cultural tourism experiences [10][11]. - The "Luwushan VR Space" project allows visitors to interact with digital representations of mythological characters, creating immersive experiences [10]. - The MR project in Xinjiang brings historical figures to life, enhancing visitor engagement and interaction [11]. - The company also participates in large-scale cultural events, merging digital humans with real-world performances to create visually stunning experiences [13]. Ecosystem Development - Shiyou Technology is focused on building an industry ecosystem, collaborating with partners to create domestically produced AI digital human solutions [14]. - The company aims to lower deployment costs and promote the safe and widespread adoption of digital human technology [14]. - By participating in the development of national standards for customer service digital humans, Shiyou Technology is contributing to the standardization of the industry [14].

Core Viewpoint - The announcement by six major banks in China regarding interest payments on digital RMB wallet balances marks a significant transition from "digital cash (M0)" to "digital deposit currency," indicating a shift in the nature of liabilities from the central bank to commercial banks [1][2] Group 1: Announcement Details - Starting from January 1, 2026, the six major banks will pay interest on the balances of real-name digital RMB wallets at the rate of the current deposit interest rate [1] - The current deposit interest rate for the Bank of Communications is set at 0.05% [1] - Balances in type four personal wallets will not earn interest, and specific interest rate standards can be checked through the bank's official website, mobile banking app, or physical branches [1] Group 2: Implications and Effects - This move enhances user willingness to hold digital RMB, promoting its adoption and dissemination [2] - It incorporates banking institutions into the reserve requirement framework, improving monetary statistics and macroeconomic regulation [2] - Establishing this mechanism is a crucial step towards the maturity of digital RMB, maintaining a dual-layer operational structure while achieving functional upgrades [2]

建设银行指出，自2026年1月1日起，该行数字人民币实名钱包余额将按照该行活期存款挂牌利率计付利 息，计结息规则与活期存款一致，并相应修订《中国建设银行数字人民币钱包个人客户服务协议》相关 内容。该行也在公告中介绍到，数字人民币是指中国人民银行发行的法定数字货币和相关支付体系，采 用双层运营架构，由中国人民银行向数字人民币业务运营机构发行，再由数字人民币业务运营机构兑换 给公众。自2026年1月1日起，数字人民币钱包（不含四类钱包）中的钱包余额按照中国人民银行规定的 活期存款计结息规则计付利息，并由乙方依法代扣代缴利息税（如有）。 2026年1月1日起，数字人民币实名钱包余额将开始计付利息。 12月31日，工行、农行、建行、交行、邮储银行等国有银行公布了数字人民币钱包余额计息的规则。 工商银行、农业银行、邮储银行表示，为数字人民币实名钱包余额按照活期存款挂牌利率计付利息，计 结息规则与活期存款一致；交通银行表示，自2026年1月1日起，交通银行将数字人民币实名钱包（包含 一类、二类、三类个人钱包和单位钱包）余额，按照该行公布的活期存款挂牌利率计付利息。如用户开 立的数字人民币钱包为四类个人钱包，则钱包内的余额 ...

Group 1 - From January 1, 2026, digital RMB real-name wallet balances will earn interest based on the current demand deposit rate set by the banks [1] - The current demand deposit rate is 0.05% as per the announcements from major banks [1] - Digital RMB wallets are categorized into four types, with only real-name wallets (Type 1, 2, and 3) eligible for interest, while anonymous wallets (Type 4) do not earn interest [1] Group 2 - There are currently 10 designated operating institutions for digital RMB, including six state-owned commercial banks, two joint-stock commercial banks, and two internet banks [2] - The People's Bank of China is working on expanding the number of operating institutions for digital RMB [2] - A new action plan has been issued by the central bank to enhance the management service system and financial infrastructure for digital RMB, set to be implemented on January 1, 2026 [2]

Core Viewpoint - Several major banks in China, including Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, China Construction Bank, Bank of Communications, and Postal Savings Bank, announced that starting January 1, 2026, they will pay interest on the balances of digital RMB real-name wallets at the same rate as current deposit rates, with interest calculation rules consistent with those for current deposits [1] Group 1 - The announcement involves multiple major banks in China [1] - Digital RMB real-name wallets will earn interest starting from January 1, 2026 [1] - Interest will be calculated according to the current deposit rate [1]

Group 1 - The six major state-owned banks in China will start paying interest on the balances of real-name digital RMB wallets at the same rate as demand deposits from January 1, 2026, marking a significant shift in the digital currency landscape [1][2] - The People's Bank of China has introduced a new action plan to enhance the management and service system for digital RMB, which will officially launch on January 1, 2026, transitioning digital RMB from a "digital cash era" to a "digital deposit currency era" [1][4] - The definition of digital RMB has been updated to include the payment system and clarify the dual-layer operational structure, where the central bank issues digital RMB to operating institutions, which then exchange it with the public [3][4] Group 2 - The new digital RMB will have characteristics of commercial bank liabilities, transitioning from being a direct liability of the central bank to a liability of commercial banks, thus allowing wallet balances to earn interest and be covered by deposit insurance [4][5] - The action plan optimizes the dual-layer operational structure, assigning responsibilities to the central bank for rule-making and infrastructure, while commercial banks will manage customer wallets and ensure compliance, thus transforming their role from cost centers to profit centers [5][6] - The action plan integrates digital RMB into the traditional monetary control system, allowing bank-operated digital RMB to be included in the reserve requirement framework, which will enhance liquidity in the banking system [6][7] Group 3 - As of November 2025, the digital RMB pilot has processed 3.48 billion transactions with a total value exceeding 16.7 trillion yuan, indicating strong adoption and usage [7]

Core Viewpoint - Starting from January 1, 2026, interest will be paid on the balances of real-name digital RMB wallets, as announced by six major state-owned commercial banks in China [1][3]. Group 1: Interest Payment Arrangement - Customers with real-name digital RMB wallets at the specified banks will receive interest based on the banks' published demand deposit rates, with interest calculation rules consistent with traditional demand deposits [3]. - For example, Industrial and Commercial Bank of China (ICBC) will settle interest quarterly, with the interest credited on the 21st of each quarter's last month [3]. - The interest payment arrangement applies only to real-name wallets, while anonymous wallets will not earn interest [3]. Group 2: Regulatory Framework - This adjustment is part of the People's Bank of China's recent action plan aimed at enhancing the management and service system for digital RMB, which will officially launch on January 1, 2026 [3]. - The plan stipulates that banks must pay interest on real-name digital RMB wallet balances and adhere to self-discipline agreements on deposit interest rate pricing [3]. Group 3: Transition to Deposit Currency - The new system marks a transition of digital RMB from a cash-like version 1.0 to a deposit currency version 2.0, allowing banks to manage digital RMB wallet balances as liabilities [4]. - Digital RMB wallets will be insured similarly to traditional deposits, providing customers with equivalent safety guarantees [4]. - Currently, there are ten designated operating institutions for digital RMB, including the six major state-owned banks and several other commercial and internet banks [4].