Core Insights - Suzhou's digital RMB initiatives have shown significant progress in the first half of the year, with a total transaction amount of 2.15 trillion yuan, marking a 67.07% increase year-on-year, maintaining a leading position nationally [1] - The city has issued 2,386 billion yuan in digital RMB loans, a 29.37% increase from the previous year, and digital RMB expenditures accounted for 46% of total fiscal spending [1] Group 1: Transaction and Wallet Growth - The total transaction amount for digital RMB reached 2.15 trillion yuan, a 67.07% increase compared to the same period last year [1] - A total of 31.05 million personal wallets and 1.04 million corporate wallets have been opened, with 714,600 merchant stores accepting digital RMB [1] - The average monthly active wallets reached 1.56 million, a 3% increase year-on-year [1] Group 2: Innovations and Applications - The application of smart contracts has deepened, with the "Suzhou Smart Contract" prepaid card fund supervision platform connecting 2,164 merchants across eight key industries [2] - The city has launched various hard wallets, including the Eastern Airlines Suzhou Pass co-branded card, with 18,000 new hard wallets issued this year [2] - Suzhou participated in the multilateral central bank digital currency bridge project, with 38 transactions totaling 43.824 million yuan, representing a growth of over 40 times compared to the previous year [2] Group 3: Ecosystem Development - The construction of the Jiangsu Provincial Digital Finance Key Laboratory is progressing, aiming to become a national key laboratory in the digital finance sector [3] - A total of 62 digital finance laboratories and 845 digital finance ecosystem enterprises have been established in Suzhou [3] - The city has implemented a joint meeting system for digital RMB promotion and established six special committees to enhance the promotion mechanism [3]