Core Viewpoint - The transition to the digital renminbi 2.0 era signifies a fundamental change in China's payment system, moving from a simple digital cash model to a more dynamic digital deposit system that generates interest for users [2][4]. Group 1: Digital Renminbi Transition - The digital renminbi will evolve from being a digital cash equivalent to a true digital deposit, allowing it to earn interest starting January 1, 2026, at a current rate of 0.05% [2][4]. - The management of digital renminbi will shift from direct control by the central bank to commercial banks, enhancing service quality and providing deposit insurance up to 500,000 yuan [4][5]. Group 2: Usage and Adoption - As of November 2025, the digital renminbi has processed 3.48 billion transactions, amounting to 16.7 trillion yuan, indicating its transition from a pilot project to a widely used payment tool [5]. - The number of personal digital wallets has reached 230 million, with 18.84 million corporate wallets, showing significant user adoption [5]. Group 3: Future Implications - The digital renminbi's role in international payments is growing, with a 95.3% share in cross-border transactions, suggesting an increase in the renminbi's status as a payment tool in global trade [9]. - Future developments may allow users to purchase traditional financial products directly with digital renminbi, enhancing its utility and attractiveness [10]. Group 4: Payment Method Evolution - The coexistence of cash and digital renminbi is expected, with cash usage declining gradually rather than disappearing abruptly, similar to the transition from tapes to CDs [6][12]. - The transition to digital payment methods will be gradual, ensuring that all demographics, including the elderly, are accommodated during this shift [8][10].

Core Viewpoint - The digital renminbi has transitioned from the "digital cash era" to the "digital deposit currency era" with the launch of the upgraded digital renminbi App version 2.0 [1] Group 1: Digital Renminbi Features - Starting from January 1, 2026, the balance in the real-name digital renminbi wallets will earn interest based on the current deposit rate [1] - Users can view interest details by accessing the wallet asset page after the quarterly interest settlement date [1] Group 2: App Upgrade Details - The wallet interface has been redesigned with different traditional floral elements as the main visual for various digital renminbi business operators [1] - Version 2.0 introduces a wallet skin setting feature, launching four thematic series: Seasons, Famous Paintings, National Style, and Life, offering a total of 16 skins to choose from [1]