The financial industry is an important part of global service trade and a key area of China’s service industry opening up. The digital renminbi avenue opened at the Service Trade Fair indicates that the application scenarios of digital renminbi will become closer to the daily lives of Beijing residents. At present, the Beijing Digital RMB Winter Olympics full-scene pilot application is steadily advancing. The number of whitelisted users in the city accounts for 15% of the country’s total, and the number of pilot scenarios accounts for 20% of the country’s total. This year, Beijing’s goal is to expand the digital renminbi application scenario to “1 million+”.
Elderly smart crutches can be used to swipe digital renminbi, and bracelets and gloves can be turned into wearable digital renminbi wallets… At the 2021 China International Trade in Services Fair in Beijing, digital renminbi showed many new ways to play. During the exhibition, Fengtai District and a number of institutions jointly opened a digital renminbi avenue, displaying various digital renminbi wallets, creating cultural and creative, unmanned supermarkets, mobile convenience stores and other consumption scenarios, allowing audiences to experience digital currency and convenient shopping on-site .
A digital renminbi avenue was specially opened at the exhibition site to arrange audiences to experience unique digital renminbi scenes. This event has become a scene of the current service trade fair. Buying coffee, charging with charging piles, purchasing cultural and creative products…On the digital renminbi avenue, the audience handles digital renminbi wallets on-site to experience the convenience of digital currency shopping, and truly feel the safety and convenience brought by digital renminbi. At the same time, the intelligent and interactive novel experience has also improved the general public’s perceptual and rational understanding of the digital renminbi.
Building a digital renminbi road is an important innovative practice for digital finance to empower this session of the Service Trade Fair. Financial service trade is an important form of service trade, and digitalization is the main direction of current financial service industry development. Digital finance and financial services trade is the highlight of this session of the Service Trade Fair. As one of the eight thematic exhibitions of the Service Trade Fair, the financial service special exhibition area has held a series of forums and summits to showcase the confidence and achievements of China’s financial industry in continuing to open up to the outside world, and to release a positive signal to the world that China’s financial industry will further open up to the outside world. The launch of the digital renminbi avenue in the financial service special exhibition area demonstrates China’s determination and ability to build a digital financial demonstration zone with global influence.
Beijing is ready to build a digital financial demonstration zone. Finance is the bloodline of the modern real economy and a core component of the modern service industry. The financial industry is an important part of global service trade and a key area of China’s service industry opening up. Under the guidance and support of the national financial management department, Beijing has made full use of the development opportunities of the country’s financial industry and the policy dividends released by the construction of the two districts to promote the capital’s financial industry development plan of “one master, one assistant, three new and four back offices”, and is building digital Positive progress has been made in financial demonstration zones and financial technology innovation.
“Digital Finance” is becoming Beijing’s new business card. The Lize Financial Business District is a cluster of emerging financial industries and a pilot area for financial reform in the capital. The People’s Bank of China Digital Currency Research Institute is located in the Lize Financial Business District. In the future, the two parties will integrate the advantages of technical resources to create an ecosystem of digital currency technology and applications. Leveraging on the advantages of Lize Financial Business District, Fengtai District is advancing the pilot application of digital renminbi in an all-round way, and is actively building a “finance +” digital renminbi application ecosystem. Currently, four types of offline catering, shopping, tourism consumption, green consumption, and consumption poverty alleviation have been achieved. Full coverage of digital renminbi consumption scenarios. As the pioneering application scenarios of digital renminbi in multiple fields have been rolled out one after another, Beijing is becoming a new highland for the development of digital finance.
Looking at the development of digital finance at the Service Trade Fair, the digital renminbi is accelerating into the lives of the people. The digital renminbi avenue opened at the Service Trade Fair indicates that the application scenarios of digital renminbi will become closer to the daily lives of Beijing residents. Currently, the Beijing Digital RMB Winter Olympics full-scene pilot application is steadily advancing. The number of whitelisted users in the city accounts for 15% of the country’s total, and the number of pilot scenarios accounts for 20% of the country’s total. This year, Beijing’s goal is to expand the digital renminbi application scenario to “1 million+”.
“Digital opens up the future, and services promote development.” China is injecting new momentum into the recovery of the world economy with a more open attitude and more pragmatic measures. Beijing has obvious advantages in trade in services, and it must take the initiative to take the responsibilities and be at the forefront of the country, and continue to deepen innovation in key areas of trade in services such as finance. At present, the capital’s modern finance with financial technology as its core competitiveness, especially the digital financial system, has basically been completed. Beijing will further high standards to undertake national pilot innovation tasks and continue to build a global financial technology innovation center.
Taking the Service Trade Fair as a new starting point, Beijing’s digital RMB avenue will become wider and wider.
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