Nan Fang Du Shi Bao·2025-12-30 03:25Core Viewpoint - The People's Bank of China has introduced an action plan to enhance the management and service system of the digital renminbi, which will take effect from January 1, 2026, allowing banks to pay interest on customers' real-name digital renminbi wallet balances [2][3] Group 1: Digital Renminbi Overview - The digital renminbi, a legal digital currency issued by the People's Bank of China, can be used in various scenarios such as transportation, dining, shopping, and utility payments [3] - The action plan establishes a framework for measuring digital renminbi and incorporates it into the reserve requirement system, marking a transition from a cash-like version to a deposit currency version [3] Group 2: Interest Payment Mechanism - Banks will pay interest on customers' real-name digital renminbi wallet balances, adhering to self-regulatory pricing agreements for deposit interest rates [3] - The digital renminbi will transition from being considered "electronic change" to "digital deposits" that earn interest [3] Group 3: Wallet Types and Management - Digital renminbi personal wallets can be opened through designated operating institutions, which currently include 10 banks [4] - Wallets are categorized into four types based on identity verification strength, with varying levels of anonymity and balance limits [4][6] - The first two wallet types require bank account binding, while the third and fourth types have additional operational requirements for recharging or returning funds to banks [4] Group 4: Interest Accrual and Limits - Different wallet types have specific balance limits, with the first type having no upper limit and the second to fourth types capped at 500,000, 20,000, and 10,000 respectively [6] - Not all wallet types will earn interest; only real-name wallets (first, second, and third types) will receive interest based on the People's Bank of China's rules for current deposit interest [6] - The digital renminbi is included in the deposit insurance scheme, providing the same level of security as bank deposits [6] Group 5: Transaction Statistics - As of November 2025, the digital renminbi has processed 3.48 billion transactions, with a total transaction amount of 16.7 trillion yuan, and 230 million personal wallets have been opened [7]