数字货币跟踪：数字人民币迎来重大调整，2026年1月1日起钱包余额可计息

Investment Rating - The industry investment rating is "Positive" and maintained [6] Core Insights - 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 the era of digital cash to digital deposit currency starting January 1, 2026 [2][4] - The digital RMB aims to replace physical cash in retail transactions and is designed to maintain the automatic settlement and anonymity features of cash while achieving low-cost and high-efficiency electronic payments [11] - As of November 2025, the digital RMB has processed 3.48 billion transactions with a total transaction amount of 16.7 trillion yuan, indicating significant adoption and usage [11] Summary by Sections Event Description - The People's Bank of China announced a new framework for digital RMB management, which will officially launch on January 1, 2026 [4] Policy Changes - Key policy changes include: 1. Starting January 1, 2026, digital RMB wallet balances will earn interest 2. Digital RMB will transition from 100% reserve to partial reserve for bank-operated institutions 3. Non-bank payment institutions will implement 100% digital RMB collateral [11] Market Performance - The digital RMB has shown strong market performance with significant transaction volumes and wallet openings, indicating a robust growth trajectory in the digital currency space [11]