Galaxy Securities and Industrial and Commercial Bank of China Launch Digital RMB Application Scenario

On November 20, the Beijing Securities Regulatory Commission and the Beijing Financial Bureau jointly announced the launch of the first project including the “Capital Market Fintech Innovation Demonstration Program”, including the “Scenario of application of the digital yuan for the security industry ”. "Galaxy Securities and Industry and Financial Services Corporation of China Project". The project application is put in a box, which is expected to expand in the future and broaden the prospect of future applications, in particular, Galaxy Securities users can use the digital yuan to purchase third-party financial deposit and digital management. By managing digital assets, consumers can also use digital RMB to invest in inventory management products in the market, among which, to open digital management wallet, customers must have digital RMB wallet of level 2 or higher (Yonhap Financial Times).