digihuman(BJ:835670) Jing Ji Ri Bao·2025-12-31 00:24Core 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]