从现金“进阶”为存款 数字人民币迈入2.0时代 2026年1月1日起，数字人民币将产生利息

Core Viewpoint - The digital renminbi will transition from a cash-based model to a deposit currency model starting January 1, 2026, allowing it to earn interest similar to regular savings accounts [1] Group 1: Digital Renminbi Transition - The digital renminbi will generate interest for users, with initial rates aligned to current savings account rates [1] - The legal and economic attributes of digital renminbi will align with those of regular bank deposits, enhancing its functionality [1] - The transition will create a win-win scenario for businesses and individuals, as they will benefit from interest income and a wider range of financial products [1] Group 2: Banking and Financial Services - Banks will be incentivized to offer diverse financial products and services based on the digital renminbi, as it will now appear on their balance sheets as a liability [2] - The restrictions on opening digital renminbi wallets will be relaxed, allowing commercial banks to provide more services [2] Group 3: Financial Stability and Risk Management - The new framework will enhance the sustainability of digital renminbi operations by ensuring that banks can earn profits from their digital currency activities [3] - The transition to a deposit model will help mitigate financial disintermediation risks and stabilize the macro-financial environment [3] - Digital renminbi will now be subject to reserve requirements similar to traditional deposits, improving liquidity management within the banking system [3] Group 4: Non-Bank Payment Institutions - Non-bank payment institutions will still be required to maintain a 100% reserve for digital renminbi, as they lack the capacity to engage in deposit-taking activities [4]