www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Finance

ATMs to take e-CNY evolution forward

By SHI JING in Shanghai and ZHOU LANXU in Beijing | CHINA DAILY | Updated: 2022-07-02 08:36
Share
Share - WeChat
A staff member of the Bank of Communications Beijing Branch instructs a visitor to open a digital RMB wallet on a mobile phone, on June 16, 2021. [Photo/Xinhua]

Application scenarios for the e-CNY, China's digital currency, will increase further as two-way e-cash flows will be made more accessible with the expected introduction of novel automated teller machines.

Information from the China National Intellectual Property Administration showed the patent for the e-CNY ATM was announced on June 28. When such ATMs become ubiquitous, users can complete making deposits and withdrawals of the digital yuan under better security conditions, experts said.

According to the Digital Currency Research Institute, which operates under the aegis of the People's Bank of China, the country's central bank, trials of e-CNY deposits and withdrawals through the special ATMs had already started at certain branches of Industrial and Commercial Bank of China and Agricultural Bank of China in Beijing in June 2021.

The institute's experts said the digital yuan will assume the same functions as that of the renminbi in circulation. Two-way cash flows of the e-CNY at commercial banks' ATMs can better suit people's habits, indicating the digital yuan's further penetration into people's daily life.

Yu Baicheng, head of Nanjing-based Prime Research Institute, said there is also demand for digital currency deposits and even wealth management products related to the e-CNY. Small and medium-sized commercial banks should improve such services and make more attempts to serve new clients in the emerging areas, he said.

Kong Wenbin, senior analyst for the computer industry at Huaxi Securities, said this year will mark the beginning of large-scale commercialization of the e-CNY. The valuations of the A-share companies engaged in various businesses related to the e-CNY are quite reasonable at present and more investment opportunities may arise in the long run.

On Friday, shares of such companies declined marginally on average, in line with the benchmark Shanghai Composite Index that closed 0.32 percent lower.

Analysts from Ping An Securities said hardware companies listed in the A-share market, including those providing smartphones' near field communication or NFC feature and wearables, may benefit in the long term as more devices will be connected to the e-CNY wallets.

Software companies will also ride more business opportunities as financial systems should be upgraded to adapt to the proliferation of the e-CNY, they said.

Yang Zeyuan, chief analyst for the computer industry at CITIC Securities, said the e-CNY is likely to breed more innovative application scenarios as there is no preset technology route for the design of the digital currency. This will likely translate into new business models and market opportunities in the digital yuan sector.

The expected boom will bear testimony to the sustained efforts that have been made in recent times to facilitate the proliferation of the e-CNY, experts said.

The first auto insurance policy paid in the e-CNY was sold on June 10 under the cooperation of China UnionPay Merchant Services, China Construction Bank and Sunshine Insurance Group.

A freight agency in Dalian of Northeast China's Liaoning province paid tariffs with the e-CNY on June 6, the first attempt of its kind in the country.

In late June, China Minsheng Banking Corp became the first commercial bank in the country to allow its corporate customers to pay wages in the e-CNY.

On April 2, the PBOC announced the third group of regions selected to conduct e-CNY trials. These included Tianjin, Chongqing, Guangzhou, Fuzhou, Xiamen, and the six cities related to the 19th Asia Games.

The e-CNY application is now promoted in 23 Chinese cities, which represents substantial progress since the low-key launch of trials in April 2020.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 综合久久久久久久 | 久久精品视频5 | 精品视频一区二区三区在线观看 | 国产精品日本不卡一区二区 | 亚洲欧美在线综合一区二区三区 | 日韩国产欧美在线观看一区二区 | 亚洲免费视频在线观看 | 五月久久亚洲七七综合中文网 | 在线中文字幕亚洲 | 99热久久国产综合精品久久国产 | 国产精品亚洲一区二区三区 | 毛片在线不卡 | 亚洲精品欧美精品国产精品 | 国产日韩欧美三级 | 亚洲成在人线久久综合 | 天堂色网站 | rion美乳弹出来四虎在线观看 | 精品欧美高清不卡在线 | 亚洲国内精品自在线影视 | 国产视频二区 | 99视频有精品 | 国产系列在线 | 亚洲国产精品免费在线观看 | 亚洲精品久久久午夜伊人 | 国内精品久久久久久中文字幕 | 国产在线一二三区 | 国产女王vk | 91精品久久久久含羞草 | 免费一级欧美片片线观看 | 一区在线免费 | 久久九九爱 | 国产主播精品福利19禁vip | 欧美成人午夜片一一在线观看 | 午夜一级毛片免费视频 | 欧美激情精品久久久久久久久久 | 精品国产免费观看一区 | 深夜福利视频大全在线观看 | 久草在线中文 | 国产成人a在一区线观看高清 | 美国免费毛片 | 成人18免费网站在线观看 |