Core Viewpoint - The expansion of the digital RMB "tap and go" trial to the entire Shanghai metro network enhances payment convenience and supports the influx of international travelers, thereby improving the overall public transport service foundation in Shanghai [1][2]. Group 1: Digital RMB Implementation - The digital RMB "tap and go" feature is now available across all lines of the Shanghai metro, allowing passengers to use various forms of digital RMB hard wallets for quick access [1]. - This feature supports cross-institution interoperability, enabling users to utilize digital RMB wallets from any operating institution to access the metro [1]. - International visitors can quickly apply for and recharge digital RMB hard wallets at self-service terminals located in ports, airports, high-speed rail stations, and hotels, ensuring privacy protection as it is not linked to the user's identity [1]. Group 2: Impact on Public Transport - Shanghai's metro network spans 896 kilometers with 21 lines and 517 stations, handling over 77% of the city's public transport volume daily [1]. - The new payment functionality is expected to significantly facilitate transportation for international travelers, allowing for smoother and more efficient access to various cultural and commercial destinations in the city [1]. - The implementation of digital RMB in public transport is part of a broader strategy to enhance the urban business environment and attract international tourists, thereby invigorating the city's economy [1][2]. Group 3: Future Developments - The People's Bank of China will continue to guide operating institutions in developing diverse digital RMB products and services to meet public needs [2]. - The digital RMB hard wallet is gaining popularity among international tourists, as well as among elderly and student demographics, due to its low usage threshold and wide applicability [2]. - The "tap and go" feature has already been implemented in various cities, including Qingdao, Suzhou, Shenzhen, Hainan, and Beijing, indicating a growing trend in public transport payment solutions [2].

数字人民币再度更新,这次带来了"可视卡"功能。最近,央行数字货币研究所正式推出数字人民币硬钱包 可视卡新版本,已有14万用户率先体验。这款指甲盖大小的电子设备,将彻底改变我们的支付习惯。 央行数据显示,截至2025年3月,数字人民币试点地区已扩展至全国31个省份,覆盖人口达9.86亿,累计交易 金额突破5.7万亿元。在这庞大的用户基础上,可视卡功能的加入,将进一步提升数字人民币的普及率。 这款硬钱包采用低功耗OLED显示屏,厚度仅为1.8毫米,重量约2.5克,内置超薄锂电池,可支持连续使用2-3 年。整个设备完全防水、防尘,IP68防护等级,能够承受水下1.5米深度30分钟的浸泡而不受损。 集成多项黑科技,断网也能用 可视卡集成了多项黑科技。指纹识别芯片面积仅为4平方毫米,却能存储5组不同指纹,识别准确率达到 99.7%。E-ink电子墨水屏幕在阳光下清晰可见,能显示余额、交易记录和收款码。所有数据均存储在内 置安全芯片中,即使离线也能完成小额支付,真正做到"断网也能用"。 可视卡支持"甩一甩"唤醒显示余额,双击查看最近交易记录,长按显示收款码。特别是针对老年人设计的 大字体模式,数字显示高度达到8毫米,在任 ...

Core Viewpoint - The "Guangxin Yu" platform for digital RMB prepayment consumption guarantee service was launched, marking a collaboration between Guangzhou Digital Technology Group and state-owned banks to explore new applications of digital RMB in the prepaid consumption sector [1] Group 1: Platform Overview - The "Guangxin Yu" platform is developed and operated by Guangzhou Digital Technology Group, utilizing the digital RMB APP "Yuan Manager" template provided by the People's Bank of China [1] - The platform employs digital RMB smart contract technology to create a closed-loop management mechanism for prepaid funds, performance behavior, and payment settlement [1] Group 2: Strategic Partnerships - Strategic agreements were signed with Agricultural Bank of China and China Construction Bank to jointly explore new models for the application of digital RMB in the prepaid consumption field [1]

Core Viewpoint - The emergence of the "Guangxin Yu" platform aims to address the prevalent issues in prepaid consumption, enhancing consumer confidence and ensuring the safety of prepaid funds through digital currency technology [1][3]. Group 1: Platform Overview - The "Guangxin Yu" platform was launched at the 14th China (Guangzhou) International Financial Trading Expo, developed by Guangzhou Digital Technology Group in collaboration with state-owned banks [1]. - The platform utilizes digital RMB and smart contract technology to create a closed-loop management system for prepaid funds, ensuring real-time settlement and security for consumers [3][4]. Group 2: Consumer Benefits - Consumers retain ownership of prepaid funds until the moment of consumption, with smart contracts automatically executing payments based on predefined conditions [3]. - In cases of merchant bankruptcy or service cessation, the platform guarantees the safe return of prepaid funds to consumers [3][4]. Group 3: Merchant Advantages - Merchants benefit from zero withdrawal fees and low-interest financing products provided by banks, reducing operational costs and enhancing payment efficiency [4]. - The platform's smart contract controls all prepaid funds, effectively eliminating the risk of fund misappropriation [4]. Group 4: Collaborative Ecosystem - The platform aims to establish a collaborative ecosystem involving government, banks, enterprises, and consumers, driving digital transformation in industry governance [4]. - The initiative is expected to contribute to Guangzhou's goal of becoming an international consumption center, stimulating market vitality and promoting social stability [4].

Group 1 - The 14th Financial Expo opened on June 26, featuring the launch of five new financial platforms, notably the digital RMB "Guangxin Yu" prepayment consumption guarantee service platform [1] - The "Guangxin Yu" platform is developed through collaboration between the People's Bank of China, Guangzhou Digital Technology Group, and banking institutions, utilizing the digital RMB APP "Yuan Manager" for prepayment fund management [1] - The platform addresses core issues in the prepaid consumption market by employing digital RMB smart contract technology to create a closed-loop management mechanism for prepaid funds, ensuring real-time clearing and safety of consumer funds [1] Group 2 - For merchants, the "Guangxin Yu" platform offers zero-fee withdrawals and interoperability with other mainstream payment platforms, while banks provide low-interest financing products to reduce operational costs [2] - All prepaid funds are controlled by smart contracts, effectively eliminating the risk of fund misappropriation and providing robust technical support for efficient and precise social governance by government departments [2] Group 3 - The digital RMB foreign currency exchange machine supports instant exchange of over 20 foreign currencies, enhancing the payment experience for foreigners in China [3] - The machine has been widely deployed in major airports and hotels, achieving a market share exceeding 90% and facilitating seamless cash access upon arrival [3] - The integration of AI, virtual reality, and big data technologies into banking services is exemplified by the AI digital human front desk machine, which improves service efficiency and customer satisfaction [3]

"稳定币"话题近日引起市场广泛关注，券商分析师展开火热研究。上周以来，已有20多家券 商密集发布研报聚焦"稳定币"，主题覆盖计算机、金融、 区块链 、 跨境支付 等领域，同时 配套路演、电话会议等高频次交流活动，资本市场对稳定币赛道的"研究热潮"再度袭来。 中信建投 研报认为，未来稳定币在 跨境支付 、RWA、收益型产品等场景构建闭环生态，或 将成为巨头的主要角力场。其中 跨境支付 和RWA等有望率先迎来发展机遇。 申万宏源 研报认为除了传统加密资产的投资之外，RWA（Real World Asset，真实资产代币 化投资）正在逐步兴起，稳定币的投资场景未来拓展空间巨大。国内数字资产前景广阔，和 稳定币、 数字人 民币等结合有助于推进金融创新和人民币国际化。 目前应用场景确定性较高的是跨境贸易应用，在跨境贸易过程中使用稳定币一直普遍受到关 注，特别是一些小币种国家。因为采用稳定币对于交易款项结算效率提升有极大的助力。传 统跨境支付较为繁琐复杂，涉及多个中间环节，使得交易成本居高不下。资金出境及汇率波 动等方面的不便，也使得大量外贸企业采用稳定币作为支付手段变得尤为迫切。 免责声明 以上观点来自相关机构，不代表 ...

Group 1 - The People's Bank of China Jiangsu Branch announced a special loan credit limit of 300 billion yuan for the technology sector by 2025 [1] - The Jiangsu Institute of Digital and Technological Finance Research was established to promote financial innovation and integration with the real economy, focusing on areas like quantum security and digital assets [1] - The Jiangsu Technology Finance (Innovation Bond) Service and Promotion Center will provide comprehensive financial services to bond issuers, enhancing the issuance of technology innovation bonds in Jiangsu [1] Group 2 - Financial support policies for technological innovation were interpreted by the People's Bank of China Jiangsu Branch and other regulatory bodies, including the "Patent Industrialization + Equity Subscription" work plan [2] - As of the end of Q1 this year, the balance of technology loans in Jiangsu reached 4.9 trillion yuan, with a year-on-year growth of 13.8%, leading the nation [2] - Loans to high-tech enterprises and technology-based SMEs grew by 24.7% and 23% year-on-year, significantly outpacing the growth of other loan categories [2]

Group 1 - The company is deeply involved in the construction and operation of the Guangzhou Data Exchange (Tianhe) service area, providing operational support to create a data element aggregation hub for the government [1][4] - The Tianhe service area is set to officially open in July 2024, establishing a closed-loop system that integrates data services, product incubation, enterprise cultivation, and ecosystem development, contributing to the region's digital economy [1] - The company has received the ISO 55013 Data Asset Management System certification from SGS, enabling it to provide standardized data asset registration services, helping enterprises like Beijing Xincheng Thermal Power Co., Ltd. to realize data asset value and improve operational efficiency [1] Group 2 - The Guangzhou Tianhe Data Trading Platform, in which the company is actively involved, has achieved a cumulative transaction amount exceeding 1.3 billion (13亿), accounting for over 50% of the total in Guangzhou [2] - The company has nurtured 248 data element enterprises in Tianhe District and listed 452 trading items, creating a strong industrial driving effect [2] - The company is also focusing on digital RMB initiatives, collaborating with Postal Savings Bank of Beijing to complete the first card sample integrating digital RMB hardware wallet and signing a cooperation agreement to explore application scenarios for digital RMB [2]

Group 1 - China's renewed interest in stablecoins is driven by concerns over US legislation that may enhance the dominance of the dollar [1] - The US Senate's passage of the GENIUS Act could transform dollar-pegged stablecoins into synthetic dollars, reinforcing their connection to global payment networks [1][2] - The rise of stablecoins is seen as an extension of existing currencies rather than a challenge to the dollar's dominance, expanding its influence into cryptocurrency and emerging markets [1] Group 2 - The People's Bank of China (PBOC) has shifted its stance from banning to planning for stablecoins and digital currencies, aiming to develop a multipolar international monetary system [2] - The digital yuan and stablecoins are proposed as viable alternatives for cross-border settlements, addressing inefficiencies in traditional payment systems [2] - The future of the renminbi stablecoin is constrained by domestic usage bans, capital controls, and the dominance of dollar-pegged stablecoins [2] Group 3 - Hong Kong has become the first jurisdiction to legislate stablecoins, requiring 100% backing by high-quality reserves to establish a 1:1 redemption mechanism [3] - The introduction of offshore renminbi stablecoins in Hong Kong aims to validate cross-border settlement applications while avoiding capital control violations [3] - Stablecoins are viewed as tools to enhance existing monetary frameworks rather than creating a new supranational currency system [3] Group 4 - Despite efforts to build cross-border settlement infrastructure, the internationalization of the renminbi has faced setbacks, with its global reserve currency share declining from 2.8% to 2.0% [4] - Restoring global confidence in China's growth potential is crucial for increasing the renminbi's usage, necessitating structural reforms to shift the economy towards consumption [4] - Achieving renminbi internationalization is expected to be a long and challenging process, requiring careful implementation of reforms [4]

新大陆数字技术股份有限公司投资者关系活动记录表 编号：2025-004 | 特定对象调研□分析师会议 |  | | --- | --- | | 投资者关系活动 | □媒体采访□业绩说明会 | | □新闻发布会□路演活动 类别 | | |  现场参观 |  其他（线上交流） | | | 信达澳亚基金王建华；国君资管范明；富国基金陈天元；易 | | | 米基金杨浩伟；鹏华基金杨飞；国寿资产曹阳高奕昂朱丽江； | | | 国泰基金韩知昂顾益辉；广发基金敖明皓；华创自营杜郁坤； | | 参与单位名称及 人员姓名 | 上银基金张和睿；国海证券郭义俊；中金证券童思艺；光大 | | | 证券白玥；中信建投证券应瑛；中邮证券丁子惠；东北证券 | | | 吴源恒唐凯；华创证券周楚薇；中信证券潘儒琛；广发证券 | | 刘雪峰李婉云 线下交流时间： | | | 2025 年 6 月 2025 年 6 月 | 5 日（周四）14:00-15:00 6 日（周五）10:00-11:00 | | 2025 年 6 月 | 6 日（周五）15:00-16:00 | | 年 月 2025 6 | 10 日（周二）14:00-15:00 ...