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]