数字人民币存款新规：告别"数字现金"，拥抱生息时代 2026年1月16日，各商业银行数字人民币账户的最新利息政策正式公布，标志着数字人民币发展历程中 的一个重要里程碑。从2026年1月1日起，数字人民币不再仅仅是现金的电子化替代品，而是正式步入了 一个崭新的"生息"时代。 此前，数字人民币被定位为M0，即流通中的现金，因此不具备产生利息的功能。但随着新规的实施， 实名制数字人民币钱包中的余额，将开始按照一定利率计息，并纳入存款保险制度的保障范围，最高赔 付额度为人民币50万元，大大提升了用户的资金安全感。 聚焦当前：活期计息，稳健起步 目前，数字人民币钱包余额主要以活期存款的形式计息，暂未推出定期存款产品。用户钱包中的数字人 民币，将默认按照活期存款利率进行计息。 当前，数字人民币钱包余额的年化利率为0.05%，与传统银行活期存款的挂牌利率保持一致。这部分利 息的运作模式是：运营银行（例如中国工商银行、中国建设银行、中国邮政储蓄银行等）将用户存入的 数字人民币向中央银行缴纳准备金，然后通过自主的资产负债管理，最终将利息支付给用户。 3. 结息方式： 数字人民币的结息方式与普通活期存款基本一致。每季度末月的20 ...

Core Viewpoint - The introduction of interest on digital renminbi by the People's Bank of China marks a significant development in the digital currency landscape, enhancing its appeal and functionality for users [2][9]. Group 1: What is Digital Renminbi? - Digital renminbi is a legal digital currency issued by the People's Bank of China, operating under a dual-layer system where the central bank issues it to operational institutions, which then distribute it to the public, eliminating speculation opportunities [4]. Group 2: How to Obtain and Use Digital Renminbi? - Users can access digital renminbi by selecting a designated operational institution through the digital renminbi app or directly via the China Construction Bank mobile banking app, where they can open and use a digital renminbi wallet [6][7]. Group 3: Interest on Digital Renminbi - Starting from January 1, 2026, China Construction Bank will pay interest on the balance of digital renminbi wallets at the bank's current deposit rate, with interest calculated quarterly based on the balance as of the last interest payment date [9]. - Interest payment dates are set for March 20, June 20, September 20, and December 20 each year, and users can check their interest amounts in the digital renminbi app or the bank's mobile app after these dates [9][10].

中经记者 慈玉鹏 北京报道 日前，中国人民银行出台《关于进一步加强数字人民币管理服务体系和相关金融基础设施建设的行动方 案》（以下简称"《行动方案》"），新一代数字人民币计量框架、管理体系、运行机制和生态体系将于 2026年1月1日正式启动实施。 值得注意的是，按照《行动方案》，银行机构为客户实名数字人民币钱包余额计付利息。《中国经营 报》记者采访了解到，持有数字人民币从"零收益"变为"有收益"，将显著提升居民使用意愿和持有黏 性。对企业来说，数字人民币的"支付即结算"特性叠加计息功能，也能进一步降低资金在途成本。 政策落地过程中需关注哪些问题？陆岷峰提示，政策实施初期，需密切关注可能出现的银行存款结构性 迁移。若数字人民币对银行存款形成过快、过大规模的替代，可能短期内影响部分银行的流动性管理和 负债成本。央行需通过精细化的额度管理、差异化的计息政策（如分层利率）以及与商业银行合理的利 益协调机制，确保金融体系平稳过渡。商业银行必须主动应对，加快业务模式创新，从依赖存贷利差转 向以服务费和金融科技为核心竞争力的模式。 提升使用意愿 总体看，《行动方案》将实质性提升数字人民币作为法币的竞争力，计息功能使其不再仅 ...

中国人民银行近日发布《关于进一步健全 ...

Core Viewpoint - The article discusses the transition of digital renminbi from a cash-based system to a deposit currency system, with the implementation of a new management and service framework starting January 1, 2026, which will allow interest to be paid on digital renminbi wallet balances [3][5]. Group 1: Digital Renminbi Framework - The People's Bank of China has introduced an action plan that outlines a new measurement framework for digital renminbi, transitioning from a cash-based model to a deposit currency model [3][5]. - Under the new framework, banks will pay interest on customer digital renminbi wallet balances based on their respective current deposit rates, enhancing the appeal of digital renminbi for users [5][6]. - This change will allow digital renminbi to be treated as a liability of commercial banks, integrating it into their balance sheets and enabling banks to manage these assets actively [5][9]. Group 2: Interest Payment Mechanism - The interest payment on digital renminbi wallets will be linked to account real-name verification, reflecting a principle of rights and responsibilities [6][9]. - Users seeking higher anonymity will have to forgo some interest earnings, while those who wish to earn interest must disclose more information [6][7]. - The new interest-bearing feature is expected to encourage users to transfer funds into digital renminbi wallets, thus promoting its adoption [7][10]. Group 3: Impact on Banking Sector - The transition to a deposit currency model is anticipated to motivate commercial banks to engage more actively in the digital renminbi ecosystem, shifting their role from cost centers to profit centers [10][11]. - This change will enhance banks' asset-liability management capabilities regarding digital renminbi, allowing them to benefit from the associated financial activities [10][11]. - The new framework aims to resolve potential financial disintermediation risks and stimulate banks' participation in the digital currency landscape [9][11]. Group 4: Global Positioning and Challenges - The adjustment in the digital renminbi framework is expected to expand its usage scenarios and solidify China's leading position in the global central bank digital currency (CBDC) exploration [11][12]. - As of November 2025, digital renminbi has processed 3.48 billion transactions worth over 16.7 trillion yuan, indicating growing market acceptance [11]. - The article highlights common challenges faced by global CBDC developments, including the impact of modern digital payment tools on monetary control and the need for a clear division of responsibilities between central banks and commercial banks [11][12]. Group 5: Future Developments - Future trials of digital renminbi will shift from regional to scenario-based testing, with a gradual nationwide rollout expected [13][14]. - The operational scope for institutions will expand under controlled risks, ensuring fair competition and comprehensive service coverage [14][15]. - The infrastructure of digital renminbi is positioned to better serve the real economy and support cross-border trade settlements, aligning with the strategy for renminbi internationalization [15].

● 本报记者 彭扬 数字人民币近期迎来升级，市场期待已久的计息功能将正式落地。中国证券报记者12月29日从中国人民 银行获悉，新一代数字人民币计量框架、管理体系、运行机制和生态体系将于2026年1月1日正式启动实 施。 在总结十年研发试点经验基础上，中国人民银行出台了《关于进一步加强数字人民币管理服务体系和相 关金融基础设施建设的行动方案》，方案从机制上明确了数字人民币将从数字现金时代迈入数字存款货 币时代。 中国人民银行副行长陆磊介绍，根据制度安排，客户在商业银行钱包中的数字人民币是以账户为基础的 商业银行负债，标志着数字人民币由现金型1.0版进入存款货币型数字人民币2.0版。行动方案明确，银 行机构为客户实名数字人民币钱包余额计付利息，遵守存款利率定价自律约定。 与此同时，专家表示，数字人民币存款纳入存款保险范畴，若运营的商业银行出现风险，储户的数字人 民币存款可享受最高50万元的限额偿付保障。 （上接A01版）现阶段，各运营机构将参考其挂牌的活期存款利率执行，同时必须严格遵守存款利率定 价自律约定。 陆磊也强调，未来的数字人民币是中央银行提供技术支持保障并实施监管、具有商业银行负债属性，以 账户（数字人 ...