digihuman(BJ:835670) 2 1 Shi Ji Jing Ji Bao Dao·2026-01-04 02:37Core Viewpoint - The digital renminbi is transitioning from a "digital cash era" to a "digital deposit currency era," allowing users to earn interest on their digital renminbi wallet balances starting January 1, 2026, with the potential to purchase traditional financial products using digital renminbi [1][10]. Group 1: Digital Renminbi Wallet and Interest - The digital renminbi app has been upgraded to version 2.0, enhancing user experience and introducing interest payments on real-name wallet balances at the bank's current demand deposit rate, which is currently 0.05% [1][2][10]. - Interest will only be paid on real-name digital renminbi wallets, which are classified into four categories based on user identification strength, with only the first three categories eligible for interest [6][8]. - Users can check their interest details in the digital renminbi app after the quarterly interest settlement dates, which are March 20, June 20, September 20, and December 20 [2][16]. Group 2: Implications for Banking and Financial Products - The transition to a digital deposit currency means that digital renminbi will be treated as a liability of commercial banks, thus falling under deposit insurance protection and being included in the reserve requirement base [9][10]. - This change is expected to encourage commercial banks to innovate in asset management and create a sustainable market-driven promotion mechanism for digital renminbi [11][10]. - The digital renminbi's ability to earn interest addresses previous concerns about its lack of yield, making it more attractive to users and facilitating its integration into traditional financial systems [10][11]. Group 3: Regulatory and Operational Framework - The People's Bank of China is overseeing the digital renminbi's transition, ensuring compliance with anti-money laundering regulations and providing a framework for its integration into the existing banking system [9][10]. - The digital renminbi's new structure allows for better alignment with traditional banking operations, reducing compliance costs and enhancing the overall efficiency of the financial system [10][11].