Comparison of “data” in the digital RMB pilot area: policy, timeline and scenario

Currently, Digital RMB has developed a "10 in 1" pilot model covering the Olympic Winter Games in Shenzhen, Suzhou, Xiong'an, Chengdu, Shanghai, Hainan, Changsha, Xi'an, Qingdao, Dalian and Beijing 2022 . At the same time, the region, including Guangzhou, Zhejiang, Tianjin, Fujian, Jinan and Hubei, which is currently not included in the pilot area, also includes "the improvement of the yuan pilot project" in the "14th plan. five-year ”. '. plan "financial plan or other information policy.

In the "10 1" model of the pilot, each pilot has its own characteristics of support policy, red envelope pilot and application state, constantly looking for the model new version of the digital renminbi.

In 2021, the digital renminbi will begin to enter people's daily lives. The experimental measure of the digital renminbi has steadily increased, application scenarios have increased, and participants continue to develop. As of October 8, 2021, more than 3.5 million digital RMB events have been held, a total of 123 million personal wallets have been opened, and the exchange rate is about 56 billion yuan.

1. Political support: Shenzhen has many policies, including 7 including the “14th five-year” financial plan.

Based on the "10 1" pilot model, the yuan digital pilot operating in six regions, including Beijing, Shanghai, Shenzhen, Suzhou, Chengdu and Qingdao, met in the "14th Five-Year Plan", link further deepening the yuan digital driving app. . Afterwards, Shenzhen, Shanghai, Hainan and many other regulators said they would continue to support the yuan pilot project.

(1) Shenzhen has many rights, follow Shanghai.

According to incomplete Blockchain 01 data, since 2021, Shenzhen has the most digital rights associated with 8, Shanghai at 7, and Hainan and Beijing at 3 all invisible.

Figure: Incomplete data on renminbi-related law numbers from different regions

Source: 01 Blockchain

(2) 7 pilot areas included in the “14th five-year” financial plan

Among the existing driving zones, seven zones, including Shenzhen, Suzhou, Chengdu, Shanghai, Hainan, Xi'an and Qingdao, have been included in the “14th Five-Year Plan” digital yuan pilot project. From the point of view of the content of the law, Chengdu, Shanghai, Xi'an and Qingdao have all called for the application of the digital renminbi, and Shenzhen decided that the application of the renminbi is still part of the importance of improving the financial situation. growth environment. Make good use of the advantages of the free port industry In addition to the announcement of digital yuan pilot projects across the island, the global payment pilot of digital yuan services has yet to start.

Note: Content of “14th Five Year” Financial Digital RMB Pilot Program in 7 Areas

Source: 01 Blockchain was created from public data.

2. Pilot scale: red envelopes exceeded 370 million, Shenzhen and Suzhou were the strongest

Since Shenzhen Luohu opened the prelude to the digital renminbi red envelope pilot, the digital renminbi red envelope service has been continuously developed. Envelope digital renminbi red pilot operation can not only be used for the design and security of digital renminbi industry technology, the equipment is usable and usable, but also satisfy the public to the digital renminbi and understand the design. concept.

According to incomplete statistics from Blockchain 01, revenues from red yuan envelopes issued at 11 locations now exceeded 370 million. The potential of the People Red Cross app is also gradually extending from offline manufacturers to participating “on / offline” stores that have made the changes. , and the app's capital layer is also expanding.

Note: Incomplete files on red RMB envelopes

Data source: 01 Blockchain classified as published data

According to the announcement of the pilots and red envelope funds, seven regions, including Shenzhen, Suzhou, Beijing, Shanghai, Changsha, Qingdao and Hainan, reported more than two yuan of red digital envelopes, which Shenzhen and Suzhou reported. , Chengdu, Beijing and Changsha now have the largest share of all red envelopes in the region of about 40 million.

In all experiments, in December 2020, Suzhou introduced the "first digital online RMB payment", which users can use on JD.com, and in May 2021, "the first wallet" 20 million red envelopes with Shanghai in August 2021 to complete the first Regional connectivity and digital yuan strengthening link the two, while providing higher digital RMB value Demand for the use of technology and driving performance. 7 regions, including Shenzhen, Suzhou, Beijing, Shanghai, Changsha, Qingdao and Hainan, provide more than two digital yuan envelopes, between them, Shenzhen and Suzhou broadcast, Chengdu, Beijing and Changsha now have the largest near the red envelope with a total of 40 the b.

Regarding the shape of the red envelope, in addition to the constant red envelopes obtained by the "lottery", Beijing, Chengdu, Suzhou, Xi'an and other regions have increasingly issued RMB digital certificates to specialized customers. That is, digital renminbi with coupons, all discounts etc. quiz. In addition, the Meituan app reported digital yuan cycling activity in nine locations, including Beijing, Shanghai, Hainan, Shenzhen, Suzhou, Changsha, Xi'an, Chengdu and Xiong'an New Area. Anyone in any of the above fields can register. Employees are eligible to receive digital rewards.

3. Pilot Scenarios: Each focuses on processes such as “food, shelter, transportation, travel, shopping, entertainment”, and more.

Scenario expansion contributes to the digital renminbi and can support its development. The current digital yuan pilot scenario covers a wide range of areas: cost of living, food service, transportation, purchasing and use, government assistance, and financial assistance. The comparison shows that the experimental work focused on the experimental work based on the use of food products such as "food, accommodation, transport, travel, shopping, entertainment".

Table: Significant application of digital RMB in each pilot area

Data source: 01 Blockchain classified as published data

(1) Shanghai, Dalian and 6 other regions use the digital renminbi to promote rural development.

Currently, Shanghai, Dalian, Changsha, Chengdu, Hainan and Xiong'an New Area have joined digital RMB with the “three rural” scenario to support rural development. Among them, the Shanghai Rural Property Exchange introduced the digital renminbi, recognizing the two modes of receiving and paying interest and export rates in the process of rural land management, and Dalian, Changsha and Xiong'an New Areas have developed digital. renminbi ib. The digital renminbi is widely used in the demonstration mode of the local market, and the characteristics of the renminbi are weak, as well as in Chengdu and Hainan and other regions.

(2) Beijing and Shenzhen explore the application of the digital renminbi in financial situations.

The “Scenario Innovation Demonstration Project for Digital RMB Application Securities Industry”, jointly by Galaxy Securities and the China Securities and Exchange Commission, was selected as one of the first jobs to be included in the “Capital Market Fintech Innovation Demonstration Project”. It is the first digital yuan driving app to enter the security industry. Combined with the characteristics of the digital renminbi, this project focuses on the real needs of consumers to purchase financial services and product management products, including "the digital yuan to buy digital financial services payment", "the account investment in digital renminbi against the asset management assets' triangular deposit. There are three application scenarios in the security of OTC asset management asset market in digital renminbi of portfolio system "management system" and "digital asset management".

In addition, a digital yuan-based cloud-based smart contract was launched by the Agricultural Bank of China branch in Shenzhen, and Huawei was used for loan supervision. In the financial management scenario, digital RMB smart contracts can create shipping rules for each transaction to generate point-to-point revenue. At the same time, users who pay in digital RMB will not only avoid the fees, but also have the option to choose a payment account.

system

In the "101" pilot configuration, the digital RMB pilots gradually moved from an independent "single point" pilot model to a connected multizone "local area network" pilot model. , and the standard driver gradually switched from pure offline mode. From storyline to online storyline, the following events come together and pay for life, food, transportation, shopping and utilities, government aid and financial aid, and other activities.

In the situation of many regions, Shenzhen, as one of the first pilot cities, excels in policy implementation, pilot scale and pilot scenario, and Shanghai, Suzhou, Beijing, Chengdu, Hainan and more. other regions are doing better. The new areas of Xi'an, Qingdao, Changsha, Dalian and Xiongan are not like other regions in terms of law enforcement and measurement measures, but they have different characteristics in the experimental situation and all use their good areas.