21社论丨加快推进数字人民币发展

Core Viewpoint - The article discusses the significant transformation of China's digital currency from a cash-based model (1.0 version) to a deposit currency model (2.0 version), which will allow digital yuan wallet balances to earn interest, enhancing its appeal and usability in various financial contexts [1][2]. Group 1: Transition to Deposit Currency - The People's Bank of China (PBOC) has initiated a shift in the digital yuan's framework, allowing wallet balances to earn interest based on the bank's current deposit rates, marking a revolutionary change in its functionality [1][2]. - This transition signifies a change in the legal status of funds in digital yuan wallets from being a liability of the PBOC to a liability of commercial banks, indicating a profound institutional reform [2]. Group 2: Implications for Users and Banks - For individual and corporate users, the ability to earn interest on digital yuan balances will significantly increase their willingness to hold these funds, leading to a broader acceptance among merchants and richer payment scenarios [3]. - Commercial banks will benefit from the digital yuan as a source of usable funds, enhancing their promotional efforts and enabling the development of new financial products, such as exclusive wealth management offerings tied to digital yuan [3]. Group 3: Global Positioning and Future Development - China is positioned as the first major economy to classify central bank digital currency as an interest-bearing deposit currency, strengthening its leadership and influence in global digital currency governance [4]. - The digital yuan's transition to a deposit currency will facilitate its integration into global interbank payment systems, enhancing its utility in cross-border trade and investment [4]. - Future improvements for the digital yuan include establishing a comprehensive regulatory framework, expanding pilot programs nationwide, accelerating multi-scenario coverage, and enhancing user data protection [4].