Xin Lang Cai Jing·2026-01-01 06:24Core Viewpoint - The People's Bank of China (PBOC) announces the transition of digital RMB from the "digital cash era" to the "digital deposit currency era" after ten years of research and pilot programs [1] Group 1: Digital RMB Development - The PBOC's new action plan will officially implement on January 1, 2026, introducing a new measurement framework, management system, operational mechanism, and ecosystem for digital RMB [1] - Major banks including Industrial and Commercial Bank of China, Agricultural Bank of China, China Construction Bank, Bank of Communications, and Postal Savings Bank will start paying interest on digital RMB wallet balances at the same rate as current deposit rates from January 1, 2026 [1] Group 2: Interest Mechanism - The introduction of an interest mechanism for digital RMB wallet balances is a significant highlight of the new action plan, aligning it with traditional savings accounts [1]