Digital CurrencyCICC: The digital yuan may enter a period of rapid development in...

CICC: The digital yuan may enter a period of rapid development in the next 3 years

CICC believes that the digital yuan may enter a period of rapid development in the next three years and is expected to empower more segments of the digital economy. With the increasing ecological synergy of the digital yuan and the increased promotion efforts in some pilot areas, it is expected that the next three years will be a period of rapid development of the digital yuan.

1. Some financial institutions and enterprises may have certain needs for upgrading the digital RMB system, and relevant infrastructure service providers are expected to be the first to benefit;

2. The short-term impact of digital yuan on the payment industry may be limited, and the long-term impact remains to be seen. Among them, Alipay and WeChat Pay on the wallet side are expected to continue to lead, and leading institutions and high-quality merchant service providers on the acquiring side may leverage more scenarios and increase market share;

3. With the extension of the application field of digital RMB and the innovation of products and services, it may also have great potential in the field of non-C2B payment, and it may be expected to promote industrial digital cooperation in the long run and empower more digital economic segments.

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