Suzhou digital currency innovation
many netizens who are interested in finance or currency can also feel that in the increasingly developed modern society these digital currencies are more and more worthy of our attention, and their development is very rapid in today's era of rapid development of the Internet. Digital currency like this also appears in many people's lives. The Ministry of Commerce has also issued some notices on comprehensively deepening the pilot development of trade innovation
First of all, digital currency is a legal digital currency, and it is also a combination of digital currency and electronic payment instruments by the people's Bank of China its goal is to replace physical currency. According to some news reports, the Central Bank of Suzhou has concted a certain range of internal test on digital currency. Some civil servants use these digital currencies to pay part of their wages, bind it with some banks, and also enable people to use these electronic currencies in the process of shopping or consumptionSuzhou will launch the red envelope test of digital RMB, which is expected to appear in the future. However, it is very difficult to really occupy the market, or even replace the mobile payment, because although digital RMB is different from traditional mobile payment, it is still realized with the help of electronic carriers such as mobile phones{ RRRRR}
fully comply with the law of the market, that is to see which way can better meet the needs of consumers, because the market is like this, which is more convenient for customers and more attractive for customers, he chooses which one. As for the emergence of mobile payment for so many years, we are used to it, also did not find any big problems, nothing more than to make more adjustments in the flow of consumption funds, and there is still a long way to go for digital RMB
May. Digital RMB does not need to rely on the network system when it makes payment. Therefore, the cost of payment will be lower. To a large extent, it may further enhance the convenience of payment and even the future universality of digital RMB. Moreover, digital RMB has the characteristics of legal compensation, that is to say, all public and private debts in our territory, any creditor, at any time, should not refuse to accept our digital currency, digital RMB, for any reason
< / blockquote > 
support loose coupling of bank account
support loose coupling of bank account means that you can open a digital RMB wallet without a bank account
for some people in rural areas or remote mountainous areas, overseas tourists, etc., who can not or are inconvenient to hold bank accounts, they can also enjoy corresponding financial services through digital wallet, which is helpful to realize inclusive finance
on April 17, 2020, the digital currency Research Institute of the people's Bank of China (hereinafter referred to as "digital currency Research Institute") responded to the progress of network transmission test that at present, the research and development of digital RMB is steadily advancing. Under the premise of adhering to the double-layer operation, M0 substitution and controllable anonymity, the digital RMB system has basically completed the top-level design, standard formulation, function research and development According to the principles of stability, safety, controllability, innovation and practicality, the internal closed pilot test is carried out in Shenzhen, Suzhou, xiong'an, Cheng and the future Winter Olympics scenes at the current stage, so as to continuously optimize and improve the functions
combined with the above information, and considering that the screenshot of ABC's internal test version of DC / EP wallet has been circulated on the Internet, with Suzhou taking the lead in using DC / EP, the news about testing DC / EP in other regions will graally increase in the future. This paper will sort out the recent information about DC / EP pilot, analyze the main problems of DC / EP, and analyze the potential impact of DC / EP on China's financial system
first, why DC / EP was first piloted in Suzhou
according to the information disclosed through public channels, the pilot areas of DC / EP include Shenzhen, Suzhou, xiong'an and Cheng, but at present, Xiangcheng District of Suzhou is the first pilot DC / EP scenario. Why? All along, the research and development of DC / EP is mainly in the charge of digital currency Research Institute, which is a public institution established by the people's Bank of China and was established on January 29, 2017. However, it is worth noting that in addition to the technology research and development and patent application of DC / EP, the digital currency Research Institute has also carried out the following investment activities:
on June 15, 2018, the digital currency Research Institute established Shenzhen Financial Technology Co., Ltd. (hereinafter referred to as "Shenzhen Jinke") in the form of 100% shareholding in Shenzhen, The business scope is "
the general business items are: financial technology related technology development, technology consulting, technology transfer and technology services; Financial technology related system construction and operation maintenance. The licensed business items are:
"
on March 1, 2019, Shenzhen Jinke and Suzhou High Speed Rail New Town innovation and Venture Capital Co., Ltd. (hereinafter referred to as "Suzhou High Speed Rail New Town") jointly funded the establishment of the Yangtze River Delta Financial Technology Co., Ltd., which is registered in Xiangcheng District, Suzhou City, and its business scope is "
software development; Engaged in financial technology related technology development, technical consultation, technology transfer, technical services, financial technology related system construction and operation maintenance The projects that need to be approved according to law can be operated only after being approved by relevant departments. Among them, Shenzhen Jinke holds 55% of the shares and Suzhou high speed railway new town holds 45%. As a wholly state-owned enterprise, Suzhou high speed railway new town is ultimately fully owned by Suzhou High Speed Railway New Town Management Committee
according to the number of administrative personnel in Xiangcheng District of Suzhou estimated by open channels and the general standards of government agencies on transportation subsidies, the amount of DC / EP to be issued in May may may be about 200000 yuan to 300000 yuan, which is relatively limited. Considering the lack of information about Suzhou DC / EP pilot, the amount of DC / EP is only for reference. In addition, how to use the transport subsidies in the form of DC / EP is also a potential problem. In which scenarios can the Xiangcheng District personnel who obtain DC / EP use them? Do these scenarios have the b-end interface of DC / EP? All these need to be further observed
based on the above facts, it is not difficult to draw a conclusion that the digital currency Research Institute has already established contact with local state-owned enterprises in Suzhou by setting up subsidiaries, and the registered place of the subsidiary is Xiangcheng District, Suzhou city. Meanwhile, considering that the other shareholder is a local state-owned enterprise with traffic instry background in Suzhou, It is not surprising that DC / EP was first tested in Xiangcheng District of Suzhou, and the scenario test was concted by means of traffic subsidy. According to these ideas, the digital currency Research Institute has set up a wholly-owned subsidiary in Shenzhen, Shenzhen Jinke. It can be speculated that Shenzhen is very likely to be an important area for the next scenario test of DC / EP< Second, the characteristics of DC / EP and the recent pilot information survey
according to the public introction of the relevant responsible persons of the central bank on many occasions, DC / EP has the following characteristics: (1) the essence is still RMB, which belongs to the liabilities of the central bank and has unlimited legal compensation, which is another manifestation of RMB 2) The goal is to replace part of M0 (
i.e. cash in circulation, i.e. notes and coins, excluding deposits (such as enterprise deposits and savings deposits of urban and rural residents), financial bonds, commercial bills, large amount transferable certificates of deposit and other assets and liabilities that can be recorded in the accounts of financial institutions
) 3) No interest is charged 4) The two-tier operation structure is adopted, and the operating institution (bank or payment institution) is required to pay 100% reserve to exchange DC / EP 5) Technology neutral, but need to meet the "account loose coupling" (
rece the dependence of transactions on the account to achieve controllable anonymity,
), "high concurrent demand" and "offline transfer"
1. Digital RMB is not based on the account, as long as the digital currency app is downloaded from the mobile phone, and wechat change can only be used after logging in to personal wechat
Second, digital RMB can be paid without network, and wechat change can only be traded with network Third, digital RMB is the currency issued by the state with the same value as banknotes and coins, which is endorsed by the state, while wechat change is a third-party payment tool, which is controlled by enterprises with different degrees of risk{ RRRRR} digital currency can improve the state's supervision of fundsin addition, digital currency can improve the state's supervision of funds, where the money comes from and flows to will be clearly marked, the state will be more relaxed in supervision, money laundering may become more and more difficult, and the national property security will be further protected
Ant technology is almost zero cost financing, through various forms of packaging debt, repeated borrowing, and then irresponsibly lend money to young people who have no ability to repay. This is basically bringing the crazy financial crisis of Wall Street in 2008 to China. The real capital market is changeable and more cruel than you think
ant technology's blood sucking through online loans has been picked out by many people. Zhou Xiaochuan, former governor of the Central Bank of China, also said at the Boao Forum of Asia recently that Internet technology giants controlled a large amount of data and market share, formed a monopoly and hindered fair competition, which led to the decline of Alibaba's share price
if Google can freely use users' personal information in financial business, it can also become the largest lending institution in the world. Google doesn't do it because American businessmen are particularly kind, but American policies don't allow it at all
as vice minister of Finance Zhou Jiayi said at the Bund financial conference, science and technology has not changed the nature of relying on credit to use leverage, supported the development of financial technology, insisted on the improvement of science and technology, prevented financial technology from incing excessive financial consumption, and encouraged the winner take all monopoly
now that the digital currency DCEP of "central dad" is on the way, can ma Yun's wishful thinking work well in the future? Let's wait and see< br />