digihuman(BJ:835670) Sou Hu Cai Jing·2026-01-03 16:47Core Viewpoint - The People's Bank of China has introduced an action plan to enhance the management and service system of digital RMB, marking a transition from cash-based version 1.0 to deposit currency version 2.0, effective January 1, 2026 [1][2] Group 1: Upgrades in Digital RMB - Monetary attribute upgrade: Digital RMB evolves from a mere payment tool to an interest-bearing, manageable currency that can be integrated into the financial safety net, significantly surpassing traditional cash functions [1][2] - Account relationship upgrade: While retaining the wallet form, the legal and economic attributes of the real-name wallet approach that resembles a special form of bank deposits [1][2] - Regulatory logic upgrade: The 2.0 phase of digital RMB transitions from technical trials to a long-term, rule-based operational phase, with a more mature and standardized regulatory framework [1][2] Group 2: Financial Infrastructure and Implications - Financial infrastructure upgrade: The measurement framework, clearing logic, and risk isolation mechanisms of digital RMB are aligning with deposit-like financial infrastructure, enhancing the overall system [2] - Interest payment on digital RMB wallets: Banks can pay interest on real-name digital RMB wallet balances, adhering to self-discipline in deposit rate pricing, marking a significant shift in the legal and economic attributes of digital RMB [2][3] - Impact on residents: The introduction of interest payment rules expands the functionality of digital RMB beyond a "pocket money" payment tool, potentially serving as a short-term fund parking tool, influencing users' fund allocation habits [2][3] Group 3: Regulatory Maturity - Maturity of regulatory thinking: The design of a controllable "deposit-like" development path through real-name management, interest rate self-discipline, and clear bank management responsibilities reflects a prudent monetary governance approach [3]