Core Viewpoint - The Guangzhou prepaid fund supervision platform "Guangxin Yu" has officially launched its vocational training fund supervision business, aiming to address long-standing issues in the industry such as "difficulties in refunds" and "institutional defaults" by leveraging digital technology to create a more transparent and reliable training consumption environment for students and compliant private vocational training institutions [1][7]. Group 1: Regulatory Framework - The Guangzhou Human Resources and Social Security Bureau has issued a notice to strengthen the supervision of prepaid funds for private vocational training institutions, mandating the use of the "Guangxin Yu" platform for comprehensive oversight of prepaid funds [3][9]. - Private vocational training institutions are required to register on the "Guangxin Yu" platform via a WeChat mini-program or APP, where they must upload necessary qualification documents and open a dedicated fund custody account [3][9]. Group 2: Contractual Obligations - Training institutions must establish written training service contracts with trainees before collecting fees, outlining payment guarantees, service content, refund terms, and dispute resolution [5][11]. - For training projects exceeding 30 days, institutions are to charge fees through a dedicated custody account, with 20% of the prepaid funds held in digital RMB until course completion [5][11]. Group 3: Platform Development and Impact - Since its launch on October 11, the "Guangxin Yu" platform has registered 1,621 individual users and 435 businesses, covering various sectors including childcare, elderly care, education, vocational training, fitness, catering, and beauty services across all 11 districts of the city [6][12]. - The platform aims to continuously optimize its model based on operational data and expand into more prepaid consumption areas, contributing to the safe management of consumer funds and promoting a healthy and orderly consumption market in Guangzhou [6][12].

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]