digihuman(BJ:835670) Hua Xia Shi Bao·2026-01-01 03:35Core Viewpoint - The evolution of digital RMB is progressing towards becoming a true credit currency, with the upcoming "Digital RMB Action Plan" integrating it into the reserve requirement system, thereby enhancing its role in the banking system [2][3]. Group 1: Digital RMB Framework - Digital RMB will be managed under the reserve requirement system, with wallet balances subject to reserve requirements, and non-bank payment institutions required to implement 100% reserve for digital RMB [2]. - The transition from digital RMB as mere cash to a deposit-like status means it will now be treated as a liability of both the central bank and commercial banks, similar to existing bank deposits [3]. Group 2: Monetary Control and Risks - The integration of digital RMB into bank accounts allows for better control of monetary policy by the central bank, mitigating risks associated with cash leakage and financial disintermediation seen in other digital currencies [3][4]. - Digital currencies, including Bitcoin and stablecoins, pose risks due to their anonymity and decentralization, which can lead to challenges in macroeconomic regulation [3]. Group 3: Technological Integration - The "account system + digital currency + smart contract" framework aims to enhance the digitalization and intelligence of RMB issuance, circulation, and payment processes [4]. - The application of smart contracts in digital RMB can improve financial solutions across various sectors, including supply chain finance and consumer protection [5]. Group 4: Environmental and Social Applications - Digital RMB can facilitate carbon reduction initiatives by providing value confirmation and payment services for energy-saving behaviors, thus promoting public participation in carbon reduction efforts [6]. - The use of blockchain technology in digital RMB enhances trust among multiple stakeholders, particularly in cross-border payments, offering advantages such as efficiency, low cost, and security [6].