Core Insights - The establishment of the Digital Renminbi Operation Management Center in Beijing is a significant step in promoting the digital currency's development and enhancing the capital's role as a national financial management center [1][8] - The dual-center structure, with the International Operation Center in Shanghai, aims to create a complementary framework for the digital renminbi ecosystem, facilitating both domestic and international operations [1][6] Summary by Sections Digital Renminbi Operation Management Center - The center will oversee the construction, operation, and maintenance of the digital renminbi system, aiming to foster a comprehensive digital currency ecosystem [1][6] - As of August 2025, Beijing has opened nearly 20 million digital renminbi personal wallets, with a total transaction volume of approximately 300 billion yuan [3][8] Strategic Location in Beijing - Beijing's selection for the operation center aligns with its leading role in digital renminbi trials and its status as a national financial management hub, housing numerous financial institutions and tech companies [4][8] - The city has accumulated extensive experience from previous trials, which will support the efficient operation of the new center [4][7] Functionality and Coordination - The operation center will focus on domestic digital currency management, while the international center will handle cross-border applications and blockchain infrastructure [5][6] - This division of responsibilities is expected to enhance the overall efficiency and effectiveness of digital renminbi operations [6][8] Economic Impact and Future Prospects - The establishment of the operation center is anticipated to stimulate various industries, including fintech, green finance, and cross-border financial services [8][9] - Future applications of the digital renminbi may expand into areas such as government payments, supply chain finance, and smart contracts, enhancing user experience and system security [9]
2025金融街论坛|数字人民币运营管理中心在京落地