在1.0阶段，数字人民币主要被定位为M0形态的数字现金，强调支付功能、价值尺度功能，不计付利 息。随着试点深入，这一设计的局限逐渐显现：用户长期持有数字人民币的动力不足，而商业银行在承 担钱包运营、系统维护及反洗钱等合规责任的同时，难以形成与之匹配的收益机制。 中银证券全球首席经济学家管涛在接受记者采访时表示，在数字人民币1.0阶段，其本质仍是央行负 债，并未计入商业银行资产负债表。虽然数字钱包的场景建设、系统运维以及数字现金在安全性、可靠 性、连续性和不可篡改性等方面的具体工作主要由商业银行承担，但相关投入难以形成直接收益，商业 银行更多承担的是"责任"而非"回报"。 中经记者 许璐 李晖 北京报道 2026年伊始，数字人民币迎来重要升级节点。 随着央行《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》"）落地，数字人民币正式从"数字现金时代"迈入"数字存款货币时代"，《中国经营 报》记者从数字人民币运营管理中心了解到，作为数字人民币体系的重要载体，2026年1月2日，数字人 民币APP也同步升级至2.0版本。 据记者了解，自2022年1月在应用市场上架以来， ...

Core Viewpoint - The development of digital RMB is crucial for establishing a new international monetary and financial order, and it is imperative to accelerate its innovation and application to gain a competitive advantage globally [1][19]. Group 1: Digital RMB Development - Since May 2025, the U.S. and Hong Kong have been advancing legislation on stablecoins and digital assets, prompting discussions in China about the need to promote digital RMB and stablecoin legislation [3][22]. - The People's Bank of China (PBOC) announced plans to optimize the positioning of digital RMB beyond the previously defined M0 level and to enhance its management system [3][22]. - A meeting was held on November 28, where 13 departments emphasized the need to continue prohibiting virtual currencies and to combat illegal financial activities related to them [3][22]. Group 2: Challenges and Controversies - The policy direction to firmly curb virtual currencies has exceeded many expectations and has sparked significant social debate [4][23]. - The initial positioning of digital RMB as M0 has led to limitations in supply and application scenarios, making it less competitive compared to mobile payments [7][27]. - There is a need to redefine the essence and positioning of digital RMB to ensure its successful development and international competitiveness [4][28]. Group 3: Technological and Structural Considerations - Digital RMB must leverage technologies such as blockchain and smart contracts to enhance efficiency and security [12][34]. - The integration of digital RMB with digital identity systems is essential for ensuring the authenticity and security of user information [14][36]. - A clear distinction between domestic and international versions of digital RMB is necessary due to jurisdictional differences [16][37]. Group 4: Strategic Importance - Digital RMB should be elevated to a national strategic project, requiring collaboration across various government departments to ensure effective resource allocation and project quality [18][39]. - The relationship between digital RMB and existing RMB clearing systems must be carefully managed to ensure seamless integration and operation [19][40].

关于防范"数字人民币投资返现、有偿推广"等新型诈骗的风险提示 近期，接到群众反映，有不法分子冒用中国人民银行重庆市分行名义，假借推广数字人民币开展虚假宣 传，声称"有偿推广""高额回报""分享商家利润"等，欺骗公众，造成不良社会影响。对此，人民银行重 庆市分行向社会公众作出如下风险提示： 陷阱三：借数字人民币名义开展所谓"推广有偿招募"，并以高额回报、兑换贴息等为诱饵，通过发展下 线、层级分佣的方式，构建传销诈骗网络。 陷阱四：假冒数字人民币"权威机构"，通过电话、网站、手机应用APP等方式实施诈骗活动。 遵循"六不"原则 数字人民币是中国人民银行发行的数字形式的法定货币，与实物货币1:1兑换，不具有炒作空间，无任 何推广返利活动。 中国人民银行重庆市分行从未发布任何"数字人民币投资交易获取高额回报""推广数字人民币返利""有 偿征集数字人民币试点推广员"等公告。请有关单位、企业和广大群众提高警惕，加强甄别，谨防上当 受骗。 温馨提示 公众使用数字人民币APP请认准官方下载渠道：数字人民币APP是数字人民币面向用户的官方服务平 台，试点地区用户可在手机应用市场搜索"数字人民币"，或登录网址www.pbcdci ...

Group 1 - The digital RMB app has recently optimized its features to enhance payment convenience, including improvements in the bank card binding process and the introduction of a one-click login feature [1] - The app now supports binding bank cards from 81 banks, with 27 banks offering a no-card-number input option, making the binding process more user-friendly [1] - A desktop widget feature has been launched, allowing users to quickly access frequently used functions such as payment codes and cash red envelopes directly from their phone's home screen [1] Group 2 - The digital RMB app serves as a unified entry point for managing and viewing all digital RMB assets, distinguishing it from other payment products [2] - The user experience for consumption red envelopes has been enhanced, with a clearer display of marketing discount categories in the app's cash register interface [2] - Local governments and market institutions have been actively issuing digital RMB consumption red envelopes, integrating digital financial innovation with public welfare policies [2] Group 3 - The digital RMB consumption subsidy activities have effectively stimulated social consumption and contributed positively to local economic development [3] - The use of smart contracts in digital RMB subsidies ensures that funds reach individuals or businesses directly, improving efficiency and security in fund circulation [3] - There is potential for further expanding the application scenarios of digital RMB in the consumption sector, leveraging smart contract technology to introduce more consumer incentive measures [3]

Core Viewpoint - The recent upgrade of the digital RMB APP to version 1.2 enhances user experience and operational convenience, reflecting the developers' commitment to user feedback and the creation of a secure and efficient payment platform [2][3]. User Experience and Interface Improvements - The homepage layout of the digital RMB APP has been significantly adjusted, moving frequently used functions like "Deposit to Bank" to the front for easier access [1]. - The wallet management experience has been optimized, allowing users to switch wallets more easily and customize their display order [1][2]. - The new version includes a streamlined process for removing digital RMB hard wallets, allowing users to unregister even if the wallet is lost or damaged [2]. Application Scenarios and Market Expansion - The digital RMB hard wallet has made progress in various application scenarios, including smart elderly care and campus environments, facilitating transactions in daily life [3]. - Future enhancements will support immediate tax refunds for foreign visitors, further expanding the use cases for the digital RMB hard wallet [3]. - Beyond retail payments, the digital RMB is also being applied in enterprise payments, cross-border transactions, and has established replicable models in non-tax payments and B2B transactions [3]. Industry Support and Development Potential - Industry experts are calling for increased support and legal protection for the digital RMB, emphasizing the need for market-driven incentive mechanisms to stimulate its development [4]. - Establishing such mechanisms is seen as crucial for attracting more merchants and service providers to adopt digital RMB, thereby broadening its application scenarios [4].

Core Viewpoint - The rapid development of the digital economy has led to the vigorous promotion of the digital renminbi, supported by national and local government initiatives, resulting in an increasing number of application scenarios for its use [1][2]. Group 1: Digital Renminbi Promotion - The digital renminbi is being integrated into various aspects of daily life, including online shopping, public transportation, and government services [1]. - Public enthusiasm for the digital renminbi is growing due to the issuance of digital renminbi red envelopes and the improvement of payment infrastructure [1]. Group 2: Fraudulent Activities - There has been a rise in fraudulent activities utilizing the digital renminbi, with criminals spreading false information about the establishment of digital renminbi banks and recruitment of promoters [2]. - Scammers have been using social media and online meetings to lure individuals into providing personal information under the guise of offering high returns for exchanging digital renminbi [2][3]. Group 3: Types of Scams - Common scams include fake promotional activities, high-return investment schemes, and impersonation of authoritative institutions [6]. - Fraudsters have created counterfeit digital renminbi apps that mimic official ones, making it difficult for users to distinguish between real and fake [4][5]. Group 4: User Precautions - Users are advised to be cautious and adhere to the "three no" principles: do not click on unknown links, do not scan unknown QR codes, and do not browse unfamiliar websites [7]. - The public is reminded that the digital renminbi is a legal currency and any claims of profit or return from its use should be treated as potential scams [7].