2025年12月31日，中国建设银行（601939）发布公告称，为了更好地为您服务，自2026年1月1日起，中 国建设银行将为您开立的建设银行数字人民币实名钱包余额按照中国建设银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，具体如下： 数字人民币：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）。 如您对本次业务调整有任何疑问，可通过中国建设银行95533客服热线进行咨询。感谢您长期以来给予 中国建设银行的大力支持！ ...

Core Viewpoint - The People's Bank of China has introduced an action plan to strengthen the management and service system of digital RMB, with a full implementation set for January 1, 2026, marking a transition from digital cash to digital deposit currency [1] Group 1: Digital RMB Implementation - The new generation of digital RMB will be fully implemented by January 1, 2026, transitioning to a digital deposit currency era [1] - The digital RMB ecosystem aims to achieve interconnectivity and break down institutional barriers, significantly reducing business performance costs and enhancing fund utilization efficiency [1] Group 2: Smart Contracts and Technological Impact - Smart contract technology, supported by the digital RMB smart contract ecosystem service platform, provides standardized access for payment and clearing [1] - The application of smart contracts in digital currency can serve as an effective tool for government policy implementation, allowing for precise and efficient targeted support [1] - The use of smart contracts in credit can ensure funds are allocated for specific purposes, such as R&D, while blockchain technology enables real-time monitoring of enterprise data, reducing information asymmetry risks [1]

Core Viewpoint - The company is actively developing digital currency solutions, specifically focusing on the implementation of digital RMB in campus environments, indicating a strategic move towards digital finance integration in education [1]. Group 1: Company Developments - The company has innovated a smart campus solution based on digital RMB, promoting its application in educational settings [1]. - It has established digital RMB projects for over 50 domestic schools and enterprises, showcasing its commitment to expanding its digital currency initiatives [1]. - The company has formed long-term stable partnerships with the People's Bank of China Digital Currency Research Institute, six major banks, and three major telecom operators, indicating strong industry collaboration [1].

新开普回复：您好，感谢您的关注！近年来，公司创新基于数字人民币的智慧校园解决方案，推动数字 人民币在校园场景的落地。目前公司已为国内50余所院校、企业建设了数字人民币项目，并与中国人民 银行数字货币研究所、六大行、三大运营商建立了长期稳定的合作关系。2022年1月，新开普"完美校 园"APP和中国银行合作实现了数字人民币子钱包交易能力，成为全国前50名、教育行业首家接入数字 人民币APP的子钱包应用。2022年9月26日，公司与中国银行合作高校数字人民币校园卡"硬钱包"项目 在苏州工业职业技术学院全国首发落地，进一步拓展了数字人民币应用新渠道、新载体、新场景，进一 步实现了一卡多用功能，为校园小额高频消费提供了更安全、便捷、稳定、高效的数字人民币应用保 障。同时，荣获"中国银行苏州分行数字人民币生态建设合作伙伴"称号。未来，新开普将结合现有业务 场景，持续加大自主研发力度，完善数字人民币在教育、公交、企业、电力、燃气、水利等行业的各项 应用功能，同时，积极开拓新型应用场景，丰富多种支付方式，加快数字人民币在各场景的落地，助力 中国数字经济快速发展。谢谢！ 以上内容为证券之星据公开信息整理，由AI算法生成（网信 ...

Core Viewpoint - Starting January 1, 2026, China Construction Bank will pay interest on the balance of digital RMB wallets at the same rate as its current deposit rates, with interest calculation rules aligned with those of current deposits [1] Group 1 - China Construction Bank will implement interest payments on digital RMB wallets, enhancing the attractiveness of its digital currency offerings [1] - The interest rate will be based on the bank's current deposit rates, which may encourage more customers to utilize digital RMB wallets [1] - Customers can inquire about this business adjustment through the bank's customer service hotline [1]

专题：香港试验场：稳定币、监管与未来金融体系 中国的央行数字货币——数字人民币（e-CNY）将在新年迎来重大升级：从1.0版本（属于M0的"数字现 金"）迈向2.0版本（属于M1的"数字存款货币"）。 金杜律师事务所香港办公室合伙人费思律师指出，这一升级标志着数字人民币设计理念的重大创新，将 为人民币国际化提供新的动力，并进一步巩固香港作为离岸人民币中心和数字金融枢纽的战略地位。e- CNY 2.0也是目前全球主要经济体中最具前瞻性和创新性的央行数字货币。 e-CNY 2.0的设计理念：延续"双层"体系，与BIS愿景契合 费思律师表示，e-CNY 2.0的设计延续并强化了现有"双层"银行与支付体系（即中央银行与商业银行协 同运作），这一模式与国际清算银行（BIS）在《下一代货币与金融体系》研究报告中提出的愿景高度 契合。该报告指出，央行数字货币应在保持金融体系稳定和效率的前提下推进创新，避免直接替代商业 银行功能，以防止存款集中迁移、信贷创造受限等风险。 通过"双层架构"，中央银行负责核心标准和基础设施，商业银行继续承担客户服务、支付结算和信贷中 介职能，从而实现安全性、公信力与市场化创新的有机结合，确保货币 ...

Core Viewpoint - The report from Guojin Securities highlights the steady development of digital RMB as part of the "14th Five-Year Plan," which is expected to enhance monetary policy transmission efficiency and support the internationalization of the RMB [1][2]. Group 1: Event Overview - The People's Bank of China has issued an action plan to strengthen the management service system for digital RMB, with a new measurement framework and operational mechanisms set to be implemented on January 1, 2026 [2]. Group 2: Transition from M0 to M1 - Digital RMB is transitioning from M0 to M1, with banks now able to pay interest on customer-held digital RMB wallet balances, adhering to deposit rate pricing agreements. This marks the entry of digital RMB into a new deposit era [3]. Group 3: Technological Architecture Upgrade - The action plan outlines a digital solution based on "account system + currency string + smart contracts," aiming to enhance the digitalization and intelligence of RMB issuance, circulation, and payment processes [4]. Group 4: Optimization of the "Dual-Layer Architecture" - The central bank will oversee business rules and technical standards for digital RMB, while commercial banks will manage customer wallets and ensure compliance and security, providing the same level of protection as traditional deposits [5]. Group 5: Comprehensive Risk Protection - Banks can independently manage the asset-liability operations of digital RMB wallet balances, with deposit insurance providing equivalent safety guarantees. A digital RMB management committee will be established to ensure comprehensive functional supervision [6].

人民日报北京12月30日电 （记者吴秋余）记者近日获悉：中国人民银行出台了《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》。依据该方案，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日启动实施。数字人民币将从数字现金时代迈入 数字存款货币时代。 中国人民银行副行长陆磊表示，根据制度安排，客户在商业银行钱包中的数字人民币是以账户为基 础的商业银行负债，标志着数字人民币由现金型1.0版进入存款货币型2.0版。 方案明确，银行机构为客户实名数字人民币钱包余额计付利息，遵守存款利率定价自律约定。银行 可以对数字人民币钱包余额自主开展资产负债经营管理，由存款保险依法提供与存款同等的安全保障。 对非银行支付机构而言，数字人民币保证金与非银行支付机构客户备付金无差异。 ...

Core Viewpoint - The digital renminbi is transitioning from a "central bank liability" cash model (1.0) to a "deposit currency" model (2.0) integrated into the commercial banking liability system, allowing for interest accrual and reserve requirements, effectively becoming a general deposit [1][2]. Group 1: Upgrade of Digital Renminbi - The core positioning of e-CNY has fundamentally changed from a cash-type model to a deposit currency model, integrating into the commercial banking liability system and allowing for interest payments and reserve requirements [2]. - This upgrade represents a global innovation in Central Bank Digital Currency (CBDC), enhancing internationalization effects and serving as a model for other central banks, particularly in cross-border trade applications [2]. Group 2: Impact on Banking Stability and Monetary Policy - The transition to a deposit currency will strengthen the stability of bank liabilities by returning digital renminbi management to the banking system [3]. - It will enhance the efficiency of monetary policy transmission, as deposit-type digital renminbi can be included in reserve and interest rate frameworks, improving the flow of policy tools from central banks to commercial banks and then to the real economy [3]. - The new framework increases banks' motivation to promote digital renminbi, as it becomes a core liability for them, enhancing their promotional incentives [3]. Group 3: Strengthening Payment Business Advantages - Digital renminbi is expected to become a crucial tool for linking corporate and retail banking, enhancing customer loyalty through applications in corporate accounts and payment settlements [4]. - It will provide a competitive advantage over third-party platforms in payment processes, as it remains under the central bank's payment infrastructure, which has already achieved unconditional access to major internet platforms [4]. Group 4: Focus on Capability Building - The number of digital renminbi operating institutions is expected to increase, with a shift in competition from licensing to service capabilities [6]. - Digital renminbi will leverage new technology applications, requiring banks to enhance their system construction, product design, and specialized service teams, making service capability a key competitive factor [6]. Group 5: Development Outlook - There is significant room for growth in the domestic account openings and transaction amounts for digital renminbi, with only 230 million personal wallets and 18.84 million corporate wallets opened by November 2025, compared to over 15.395 billion total bank accounts [7]. - The internationalization of the renminbi is expected to drive increased usage of e-CNY, with substantial cross-border transaction volumes anticipated as banks promote its adoption [7].

Core Insights - The People's Bank of China will officially implement a new digital RMB measurement framework, management system, operational mechanism, and ecosystem starting January 1, 2026, marking a significant transition from digital cash to digital deposit currency [1][2] Group 1: Digital RMB Development - The new action plan allows banks to pay interest on customer-held digital RMB wallet balances, enhancing the appeal of digital RMB for users [1][2] - As of November 2025, digital RMB has processed 3.48 billion transactions with a total transaction value of 16.7 trillion yuan, indicating strong adoption across various sectors [1] Group 2: Institutional Changes - The action plan signifies a major adjustment in the digital RMB framework, transitioning it from a cash-based model to a deposit currency model, thus increasing the liquidity and usability of digital RMB [2][3] - Digital RMB wallet balances will be classified as commercial bank liabilities, allowing banks to manage these funds more effectively and incentivizing them to promote digital RMB usage [3] Group 3: Ecosystem and Incentives - The new framework creates a compatible incentive structure for users, banks, and non-bank payment institutions, fostering a more integrated digital RMB ecosystem [4] - The establishment of a standardized operational framework for digital RMB is expected to provide clarity for banks and payment institutions, facilitating commercial implementation [4]