digihuman(BJ:835670) Sou Hu Cai Jing·2026-01-01 06:56Core Viewpoint - The People's Bank of China has officially launched a new generation of digital RMB framework, marking the transition of digital RMB from cash to deposits, with wallet balances now earning interest [1][3]. Group 1: Digital RMB Implementation - The new digital RMB management service system and financial infrastructure will be fully implemented by January 1, 2026, transitioning its core positioning from cash in circulation to deposits [3]. - Digital RMB wallet balances will be treated as commercial bank liabilities, allowing users to "deposit" their digital RMB back into bank accounts [3][5]. - The digital RMB wallet will be categorized into four types, with only real-name wallets (types one to three) earning interest, while non-real-name wallets (type four) will not [4]. Group 2: Benefits for Users and Banks - The new system allows both individual and corporate users to earn interest on their digital RMB balances, similar to regular savings accounts, enhancing the appeal of holding digital RMB [5]. - The convenience of personal payments will increase, as digital RMB will facilitate direct and convenient interbank transfers and cross-border transactions [5]. - For commercial banks, digital RMB deposits will provide a new source of funds, encouraging banks to develop more deposit, wealth management, and credit products, thus creating a comprehensive "payment + finance" ecosystem [5][6]. Group 3: Security and Regulatory Framework - The digital RMB will be backed by the central bank, ensuring security and regulatory oversight, while commercial banks will be responsible for customer safety and compliance [7]. - Digital RMB transactions will not incur fees for transfers in or out of wallets, and they can be conducted without internet or power, enhancing user experience [7]. - The deposit insurance for digital RMB will have a maximum compensation limit of 500,000 RMB, providing additional security for users [7].