ChainCatcher news, according to China News Service, the First International Commercial Court of the Hainan Province First Intermediate People's Court successfully transferred litigation fees to the digital RMB account of the parties involved in a housing sale contract dispute case. This is the first time the court has processed a digital RMB refund for a party from Hong Kong, achieving an innovative breakthrough in the field of litigation refunds for foreign-related cases.In the process of handling the refund for Mr. Gao, the staff of the International Commercial Court of Hainan First Intermediate Court conducted comprehensive research on relevant policy regulations, as well as the specific processes for applying for real-name accounts and court transfer operations with the Hainan Branch of the People's Bank of China. They guided Mr. Gao to obtain a digital RMB real-name account that does not require binding a domestic bank card, ultimately successfully processing the refund using this method.

ChainCatcher news, according to the Mobile Payment Network, the General Office of the Standing Committee of the Shanghai Municipal People's Congress has issued a notice indicating that the 17th meeting of the 16th Standing Committee of the Municipal People's Congress reviewed the "Regulations on Promoting the Application of Electronic Documents Empowered by Blockchain in Pudong New Area (Draft)." In order to further promote legislative democracy, the draft regulations and related explanations are now published to widely solicit opinions from the public for further research and modification, and to be submitted for review at future Standing Committee meetings.The "Regulations on the Application of Electronic Documents" support the integration of the digital RMB system with blockchain infrastructure, promoting the use of digital RMB in application scenarios such as electronic document certification, pricing, payment, settlement, and investment financing.In addition, the "Regulations on the Application of Electronic Documents" also state that relevant departments will be encouraged to manage and share various electronic licenses, electronic documents, and other materials generated in the performance of their duties based on blockchain infrastructure.

ChainCatcher news, according to Jinshi reports, the "Yongxing-Guofu-Ningbo Intellectual Property Phase 1 Asset-Backed Special Plan (Specialized and Innovative)" managed by Yongzheng Asset Management and sold by Yongxing Securities held its listing ceremony on the Shanghai Stock Exchange, with an initial issuance scale of 138 million yuan, a term of 1 year, and a coupon rate of 2.2%. The product's senior debt rating is AAA, making it the first intellectual property securitization product issued in the form of digital renminbi nationwide, and it marks a breakthrough for Ningbo's intellectual property securitization project.

ChainCatcher news, according to the "Maoming City" WeChat public account, Maoming City (a prefecture-level city in Guangdong Province) is continuously promoting the pilot work of digital RMB. Recently, I learned from the Maoming branch of the People's Bank of China that the party and government agencies and public institutions in Maoming City have fully implemented the distribution of subsidies in digital RMB.In July this year, the Maoming Municipal Finance Bureau and the Maoming branch of the People's Bank of China jointly issued the "Notice on the Pilot Work of Distributing Subsidies in Digital RMB." According to the requirements of the "Notice," the party and government agencies and public institutions in Maoming City began to fully implement the distribution of subsidies in digital RMB starting in September. By the end of October, a total of 359 budget units in the city had implemented the distribution of subsidies in digital RMB, with a cumulative total of 75,883 instances of subsidies distributed to administrative agencies and public institutions, amounting to 81.738 million yuan.At the same time, Maoming is also promoting the quality, expansion, and efficiency of the digital RMB pilot work, expanding multi-channel payment methods. In the next step, Maoming City will continue to promote the distribution of salaries in digital RMB for all budget units in the city. Additionally, it will actively promote the construction of a digital RMB application demonstration area in the eastern section of the Maonan River in Maoming City.

ChainCatcher news, according to China Business News, HarmonyOS has announced the establishment of an open ecosystem for meta-services, which includes digital renminbi. This means that HarmonyOS users can use the corresponding services without downloading the digital renminbi app, allowing them to make payments with digital renminbi as soon as they get their phones, innovatively achieving a deep integration of legal digital currency functions with the mobile operating system.It is understood that in terms of cooperation with the HarmonyOS system, the next step for digital renminbi will be to strengthen its deep integration with the HarmonyOS system, enrich the application and management functions of the digital renminbi wallet, jointly develop financial middleware, and support interaction with other financial applications, thereby providing safer and more convenient digital renminbi services. At the same time, it will enhance risk monitoring and risk prevention capabilities, using security detection technology to ensure the authenticity and reliability of the mobile operating environment, while protecting user privacy and security, improving the central bank's penetrating regulatory capabilities for digital renminbi, and achieving comprehensive business management and risk prevention. In addition, digital renminbi will help HarmonyOS strengthen its financial service ecosystem, covering more smart IoT devices through the integration of digital renminbi and open-source HarmonyOS.It is understood that through cooperation with HarmonyOS, digital renminbi will form a replicable and promotable model, advancing in-depth cooperation with other domestic mobile phone manufacturers, achieving the embedding of digital renminbi in a componentized form within the underlying operating systems of domestic phones, and building central bank management capabilities that adapt to the open ecosystem of digital renminbi. On this basis, it will continuously improve the cooperation model with mobile phone manufacturers and operating system vendors, creating a collaborative and win-win ecosystem.

ChainCatcher news, Mu Changchun, director of the Digital Currency Research Institute of the People's Bank of China, recently pointed out in an article in the "Current Affairs Report" that the digital renminbi features a dual-layer operational framework, combining both account and value models. In the future, the digital renminbi will deepen its development in areas such as cross-border payments and smart contracts, aiding in the internationalization of the renminbi and the construction of a unified domestic market.The digital renminbi integrates both account and value models and achieves a unified ledger through data capability construction: under the account model, it can be integrated and interconnected with the traditional banking account system; under the value model, it can facilitate value exchange in the form of currency strings, providing smart payments on the blockchain and usable in extreme offline scenarios such as "no network" and "no electricity," optimizing traditional trade finance processes and supporting cost reduction and efficiency enhancement.

ChainCatcher news, according to the Zhejiang Procuratorate public account, recently a criminal gang in Shaoxing City, Zhejiang Province illegally cashed out over 200,000 yuan within four days using digital RMB accounts. Several individuals lured merchants with digital RMB accounts through shopping and casual conversations. After the merchants agreed to cash out, they first converted a certain amount of their own money into virtual currency as a deposit to transfer to the upper-level operator, and then sent the digital RMB payment code to the upper-level operator. Once the fraudulent funds entered the merchant's digital RMB account, the merchant deducted a handling fee ranging from 1% to 1.5% and cashed out the corresponding amount. The Yuecheng District Procuratorate filed a public prosecution, and the court sentenced Yuan, Zhang, and Kou to fixed-term imprisonment ranging from one year and four months to seven months for the crime of concealing and disguising criminal proceeds, along with fines.Prosecutors remind the public to enhance their understanding of digital RMB, pay attention to protecting personal information, and report any suspicious situations promptly to safeguard their property security.

ChainCatcher news, Economic Daily published an article titled "Accelerate the Application of Digital Renminbi and International Cooperation".The article points out that it is necessary to strengthen cooperation with economies that are major trade partners of our country, economies that have a demand to reduce reliance on other major currencies, and economies that have a demand for currency diversification in international transaction pricing, clearing, and foreign exchange reserves. It advocates for actively and steadily carrying out pilot projects for cross-border payment clearing and international cooperation with digital renminbi through multiple measures, expanding the coverage and application of digital renminbi in regional economic trade and investment cooperation, enhancing the inertia and stickiness of using digital renminbi, researching and analyzing the reserve demand for digital renminbi from trading partner countries, and better considering the promotion of digital renminbi in the construction of the cross-border payment system and the cross-border receipt and payment information management system for renminbi.In addition, further research should be conducted to improve the application of multilateral central bank digital currency bridge solutions in cross-border fund allocation, international trade settlement, and foreign exchange transactions, addressing the existing challenges of low security, low transparency, low efficiency, and high costs in several mainstream models of cross-border payment and clearing.

ChainCatcher news, according to Jiemian News, HSBC China announced through its official WeChat account that it has become one of the first foreign banks to launch digital RMB services. Fubon Bank also officially announced yesterday that it has successfully completed the construction and application of the digital RMB system. So far, HSBC China, Hang Seng China, Standard Chartered China, and Fubon Bank have been included in the first batch of pilot programs for "digital RMB" services.It is reported that the aforementioned four foreign banks have connected to the digital RMB APP and support binding debit cards. This means that the digital RMB services of foreign banks have officially expanded from the B-end to the C-end.

ChainCatcher news, according to Caixin, cross-border payment infrastructure provider Thunes announced a joint launch with China Construction Bank of a cross-border payment and receipt solution based on digital RMB as the application carrier for customers. This solution includes scenarios for receiving digital RMB payments for cross-border e-commerce exports and remitting digital RMB for personal study abroad.

ChainCatcher news, according to The Paper, the digital RMB SIM card hard wallet function is about to be launched. The digital RMB SIM card hard wallet uses the telecom operator's super SIM card as the wallet carrier, allowing users to make payments with the super SIM card hard wallet even when the phone is out of battery.Currently, only Android phones with NFC functionality support the use of the SIM card hard wallet. (Source link)

ChainCatcher news, according to the official website, the Shanghai Clearing House has released the "Announcement on the Launch of Digital Renminbi Clearing and Settlement Services for Bulk Commodity Spot Clearing Business by the Interbank Market Clearing House Co., Ltd." According to the announcement, the Interbank Market Clearing House Co., Ltd. will launch the digital renminbi clearing and settlement services (hereinafter referred to as digital currency clearing and settlement services) for bulk commodity spot clearing business on June 26, 2023, and will adjust the operating hours to weekdays from 9:00 to 18:00. At the same time, to reflect the design concept of inclusive finance of digital renminbi, the digital currency clearing and settlement services will be free of charge for the time being. (Source link)

ChainCatcher news, according to the Securities Times, Shen Xinguo, director of the Taxpayer Service Department of the State Administration of Taxation, stated that currently 96% of tax matters and 99% of tax declarations can be handled online, with the proportion of national social security payment services handled online and via mobile reaching over 95%.It is reported that the pilot program for paying taxes and fees with digital renminbi has completed 12,000 transactions this year, totaling 25.9 billion yuan. Innovative interactive services for tax collection and payment have been provided, including intelligent responses and three-party video consultations, assisting taxpayers in resolving online tax payment issues, with 1.48 million interactive services provided this year. (source link)

ChainCatcher news, according to Hebei News Network, in accordance with the deployment requirements of the provincial and municipal "Digital Renminbi Pilot Work Implementation Plan," the Finance Bureau of Baoding City, Hebei Province, is actively promoting the application of digital renminbi in the field of financial funds. The city's Finance Bureau, in collaboration with the local Financial Regulatory Bureau and the Baoding branch of China Construction Bank, took the lead in implementing the digital renminbi salary payment for fiscal budget units at the end of May, making it the first in the province. (source link)

ChainCatcher news, the official WeChat public account WeChat派 announced that, starting today, WeChat users can enable "WeChat Pay" under the wallet quick payment feature in the Digital Renminbi APP, selecting to push the wallet of any operating institution—such as WeBank (WeChat Pay)—to WeChat Pay, allowing transactions in digital renminbi with merchants supporting digital renminbi in the video account and mini-program scenarios. (source link)

According to ChainCatcher news, as reported by Shanghai Securities News, China Postal Savings Bank's Xiong'an branch, in collaboration with the Xiong'an New Area Reform and Development Bureau and the People's Bank of China Xiong'an New Area Business Management Department, successfully issued digital RMB corporate loan interest subsidy funds to 6 local enterprises. This is the first batch of digital RMB corporate loan interest subsidy funds issued by Postal Savings Bank, further expanding the application scenarios of digital RMB. (Source link)

ChainCatcher news, according to Securities Daily, in March 2023, the digital renminbi App (pilot version) officially added "WeChat Pay" to the "Wallet Quick Payment Management." Users can now activate WeChat Pay Wallet Quick Payment in the digital renminbi App (pilot version). According to the current rules of the digital renminbi App, the single payment limit is 20,000 yuan, and the daily cumulative payment limit is also 20,000 yuan. Users can also set corresponding limits.Previously, in December 2022, Alipay announced that it officially joined the digital renminbi acceptance network as the first payment platform. (Source link)

According to ChainCatcher news, information from relevant pages shows that the digital RMB smart contract feature has been launched on the Meituan App. The current use case is: when placing an order on Meituan using the designated digital RMB wallet for payment, the smart contract will automatically recognize the information in the order. If the merchant/product name in the order contains "keywords," the system will automatically trigger the smart contract to distribute a daily red envelope of 8,888 yuan, which will be sent to the designated wallet.