数字人民币在跨境支付领域的布局近期取得系列进展。 在市场端，近日，恒生银行正式宣布，与其全资附属公司恒生银行（中国）有限公司（下称"恒生中 国"）及中国建设银行（下称"建设银行"）合作，在香港推出数字人民币商户收款服务，拓展数字人民 币在香港零售消费的应用。 如今，在基础设施端，设于上海的数字人民币国际运营中心已投入运营，同时北京的数字人民币运营管 理中心也正式确立，共同为数字人民币的跨境应用与国际化发展提供动力。 恒生携手建行 日前，恒生银行、恒生中国与建设银行共同宣布，在香港推出数字人民币商户收款服务，拓展数字人民 币在香港零售消费的应用，各方将会协助商户进行跨境清算。 据介绍，消费者现可在逾100家使用恒生银行收款系统的香港本地商户实体店铺（涵盖餐饮、旅游、电 器及衣饰等类别）使用数字人民币钱包消费，通过数字人民币APP或建设银行手机银行出示付款码供商 户扫码后，便可完成支付。 "恒生银行一直支持央行数字货币的跨境发展，并致力于促进北上南下的数字人民币应用。自去年推出 数字人民币钱包转数快增值服务后，亦持续研究其他可行方案。"恒生银行财富管理及个人银⾏业务主 管李桦伦表示，此次与建设银行合作，将在香港的 ...

中国人民银行正式说数字人民币 "双中心" 架构落在北京和上海，一场以法定数字货币为核心的支付革 命正加速渗到社会经济的各个角落，从二零二五年十一月起，数字人民币的应用场景会从试点时的 "单 点突破" 变成 "全面铺开"，覆盖零售消费、公共服务、跨境贸易、绿色金融等核心领域，意味着咱们国 家的货币体系正式进入数字化新时代。 零售与公共服务：从 "尝鲜" 到 "常用" 的民生革命在江苏，数字人民币消费额已经连续两年排全国第 一，到二零二三年十月，全省支持数字人民币支付的公立医院覆盖到百分之五十三，重点景区到百分之 四十五，加油站、水电气通信缴费营业厅超过百分之四十，二零二五年这一渗透速度更快了，南京市统 一支付平台上线房产交易 "一码合缴" 功能，能实现税款、登记费、物业维修资金等涉房税费的数字人 民币自动清分，苏州公积金中心用智能合约技术，把数字人民币结算嵌进缴存、提取、贷款全流程，单 月交易额突破二十一亿元。 更该关注的是 "双离线支付" 技术的普及，在杭州地铁，乘客就算在地下没信号的地方，也能拿手机 "碰 一碰" 付车票钱，北京火车站的硬钱包终端机，让旅客不用解锁手机就能刷卡买票，解决了老年人和紧 急情况下 ...

在数字经济浪潮奔涌的当下，数字人民币正以"法定数字货币"的权威身份，重塑中国支付生态的底层逻 辑。作为中国人民银行发行的数字形式法定货币，它以国家信用为背书，兼具现金的匿名性与电子支付 的高效性，成为连接传统金融与数字未来的关键纽带。 技术突破：安全与便捷的完美平衡 数字人民币采用"双层运营模式"，由央行发行，工商银行、农业银行等9家指定机构提供兑换服务。其 核心优势在于"账户松耦合"设计——用户无需绑定银行账户即可完成价值转移，支持离线交易功能。在 杭州地铁，乘客手机断网时仍可通过"碰一碰"完成支付；北京火车站的硬钱包设备，让旅客无需解锁手 机即可刷卡购票，彻底解决信号盲区支付难题。 场景渗透：从生活消费到产业变革 数字人民币已渗透至零售、交通、医疗、政务等17个省（市）的26个试点地区。京东、美团等70余家互 联网平台支持数字人民币支付，线下商超通过扫码或"碰一碰"即可完成交易。在医疗领域，Y银行为20 家公立医院搭建智慧支付系统，患者用数字人民币App挂号缴费，排队时间缩短60%；在供应链金融 中，工商银行利用智能合约实现建筑工人工资"秒到账"，解决农民工欠薪痛点。 2025年9月，数字人民币国际运营中 ...

Core Viewpoint - The essential difference between digital RMB (e-CNY) and third-party payment platforms like WeChat Pay and Alipay lies in their nature as legal tender and their technological architecture, with digital RMB being a state-backed digital currency equivalent to cash, while WeChat and Alipay are commercial payment tools that require bank account linkage [1][6]. Group 1: Fundamental Attributes - Digital RMB is issued by the People's Bank of China and is equivalent to physical cash, representing a digital form of the RMB and backed by state credit [1]. - WeChat and Alipay are third-party payment tools that rely on bank account funds for settlement and are not currencies themselves, functioning as "wallets" that require bank card binding or preloaded balances for payments [1]. Group 2: Technical Features Comparison - Digital RMB supports offline payments, allowing transactions without internet connectivity, while WeChat and Alipay require an internet connection [3]. - Digital RMB offers controllable anonymity, with transaction information visible only to the central bank, whereas WeChat and Alipay require real-name authentication and maintain complete transaction records [3]. - Digital RMB has zero transfer and withdrawal fees, while WeChat and Alipay may charge fees (e.g., 0.1%) for withdrawals [3]. - Digital RMB does not require binding to a bank account, allowing for a loosely coupled design, while WeChat and Alipay necessitate binding to a bank card or preloaded balance [3]. Group 3: Security and Regulatory Differences - Digital RMB ensures fund security through direct settlement by the central bank, eliminating the risk of fund misappropriation, while WeChat and Alipay store funds in commercial banks, posing a risk in case of platform bankruptcy [5]. - Digital RMB has enhanced anti-money laundering capabilities, allowing tracking of fund flows with each electronic note having a unique code, enabling the central bank to monitor illegal transactions, unlike third-party payments that depend on platform risk control [5]. Group 4: Application Scenarios and Future Outlook - Digital RMB has been integrated into multiple countries' clearing systems (e.g., Hong Kong, Macau, Singapore), reducing cross-border payment costs by 50% [5]. - Digital RMB supports smart contracts for prepayment fund management, such as automatic transfers for rental deposits, reducing consumer disputes [6]. - Digital RMB aims to provide a safer and more inclusive payment infrastructure, covering unbanked populations with just a mobile phone for account opening, while WeChat and Alipay optimize payment channels relying on the existing financial system [6]. - Both digital RMB and third-party payment platforms are expected to coexist and complement each other in the long term, with digital RMB holding irreplaceable advantages in legal status, offline capabilities, and privacy protection [6].

Core Viewpoint - The Digital Renminbi International Operation Center has officially commenced operations in Shanghai, aiming to enhance the internationalization of the digital renminbi and promote financial market business development [4] Group 1: Digital Renminbi Platforms - The center has launched three major business platforms: the Cross-Border Digital Payment Platform, the Blockchain Service Platform, and the Digital Asset Platform [4] - The Cross-Border Digital Payment Platform aims to address pain points in traditional cross-border payment systems using legal digital currency [4] - The Blockchain Service Platform provides standardized cross-chain transaction information transfer and on-chain digital renminbi payment services for various scenarios and industries [4] - The Digital Asset Platform offers standardized, ready-to-use financial-grade digital asset services, enabling existing financial infrastructure to expand their business onto the blockchain [4] Group 2: Strategic Goals - The establishment of the Digital Renminbi International Operation Center was announced by the Governor of the People's Bank of China, Pan Gongsheng, at the 2025 Lujiazui Forum [4] - The center's mission includes advancing the international operation of the digital renminbi and fostering innovation in digital finance [4]

Core Insights - The digital yuan pilot has surpassed ten million application scenarios, marking a significant step in China's legal digital currency development and showcasing the country's financial technology innovation strength [1][3]. Group 1: Application Scenarios - Since the launch of the digital yuan pilot, its application has expanded from basic areas like retail payments and public service fees to various dimensions including transportation, healthcare, education payments, and enterprise trade settlements [3]. - The breakthrough of over ten million pilot scenarios indicates that the digital yuan has deeply integrated into various sectors of the economy, becoming a crucial force in promoting the integration of the digital economy with the real economy [3]. Group 2: Ecosystem Development - The application ecosystem of the digital yuan is continuously enriching, with diverse participants such as financial institutions, technology companies, merchants, and consumers collaboratively building an open, cooperative, and win-win ecosystem [3]. - Banks are enhancing digital yuan wallet services to improve user experience, while technology companies leverage advanced technologies like big data, cloud computing, and blockchain to provide secure and efficient support for the circulation and application of the digital yuan [3]. Group 3: Cross-Border Applications - The exploration of cross-border applications of the digital yuan is steadily advancing, with its importance as a new tool for cross-border payments becoming increasingly prominent amid the acceleration of global digitalization [5]. - China is actively participating in international digital currency cooperation and standard-setting, promoting the application of the digital yuan in cross-border trade, investment, and financial transactions [5]. Group 4: Financial Inclusion and Security - The promotion of the digital yuan enhances financial inclusion and deepens efforts in anti-money laundering and counter-terrorism financing, reducing payment costs and improving efficiency, particularly benefiting remote areas and vulnerable groups [5]. - The traceability of the digital yuan serves as a powerful tool against financial crimes, contributing to the stability and security of financial markets [5]. Group 5: Future Outlook - With ongoing technological advancements and continuous expansion of application scenarios, the digital yuan's ecosystem is expected to become more comprehensive, further highlighting its role in economic development, financial service enhancement, and financial security maintenance [5].

Core Viewpoint - The government work report emphasizes the need to deepen the development and utilization of data resources, advocating for the construction of a next-generation high-trust blockchain network to enhance data circulation and security [1] Group 1: Blockchain Technology and Infrastructure - The blockchain technology is characterized by distributed storage, immutability, and traceability, providing technical guarantees for secure data storage, trustworthy sharing, and efficient collaboration [1] - The proposal includes the establishment of a nationwide next-generation high-trust blockchain network to create a new type of data circulation infrastructure [1] Group 2: Economic and Social Applications - The integration of blockchain with legal digital currencies and electronic payments can establish a compliant, efficient, and secure payment settlement system, enhancing liquidity and efficiency of fund usage [1] - Smart contracts on the blockchain can encode benefit distribution rules, ensuring automatic execution and immutability, thereby fostering a fair and harmonious social collaboration ecosystem [1]