According to ChainCatcher news and the official website, the Shenzhen Development and Reform Commission launched the application scenario innovation project solicitation on January 9. This plan aims to collect application projects of new technologies such as artificial intelligence large models, generative artificial intelligence, and blockchain from government departments, enterprises, and institutions.In the financial sector, the focus is on application scenarios such as big data risk control for small and micro enterprises, intelligent anti-fraud, blockchain cross-border convenient payment, and digital RMB business circles. The project solicitation deadline is January 22, 2025, and selected projects will be included in the opportunity list for application scenarios and receive "online + offline" promotion support.

ChainCatcher news, according to the Mobile Payment Network, on January 4, 2025, the digital renminbi App, led by the Digital Currency Research Institute of the People's Bank of China and co-built by operating institutions, will celebrate its 3rd anniversary.Since its launch 3 years ago, the digital renminbi App has undergone approximately 38 updates, including 16 times in 2022, 12 times in 2023, and 10 times in 2024. It is currently at version 1.1.14.

ChainCatcher news, according to Xinmin Evening News, under the guidance of the Shanghai headquarters of the People's Bank of China, the Shanghai branch of Bank of China completed a corporate dividend transfer to Singapore using digital renminbi remittance, successfully landing the first cross-border digital renminbi capital account business between China and Singapore.The Shanghai branch of Bank of China actively supports the digital renminbi pilot work: in cooperation with the Shanghai Gold Exchange, it completed a cross-border settlement of 100 million yuan in digital renminbi for precious metal transactions, marking the first cross-border digital renminbi payment in the financial factor market; using digital renminbi to pay Baowu Group for imported iron ore, achieving a breakthrough in cross-border digital renminbi payments in the bulk commodity sector; during the 7th China International Import Expo, in collaboration with Shanghai Public Transport Card Co., Ltd., it held a product launch event for the "Smart Travel Card" within the expo venue, continuously expanding the application of digital renminbi in multiple scenarios.

ChainCatcher news, according to Hong Kong Wen Wei Po, mainland investors are restricted when bringing cash back to the mainland after cashing out virtual currency in Hong Kong. The customs regulations now state that each person can carry a maximum of 20,000 yuan each time. If bank transfers are involved, issues related to the source and use of funds must comply with national legal and regulatory policies. A virtual asset exchange store near Tsim Sha Tsui MTR station stated that customers need to provide identification if the amount exceeds 10,000 Hong Kong dollars, whether buying or cashing out.

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, according to Sina's quotation, the offshore RMB against the US dollar has regained the 7.0 mark, the first time since May last year.

ChainCatcher news, recently, the Chongqing First Intermediate People's Court made a final ruling on a case involving illegal operations of virtual currency. The defendant, He, was sentenced to three years in prison and fined 5 million yuan by the Chongqing Yubei District People's Court for illegally engaging in fund payment and settlement business on a virtual currency trading platform, profiting from the price difference.In early 2018, He registered as a "merchant" on a well-known virtual currency trading platform and began engaging in exchange transactions between the virtual currency "USDT" and the Chinese yuan. It is understood that in the exchange trading area of the exchange, different merchants have varying payment channels, transaction limits, and transaction prices. Among them, the purchase price of "USDT" mainly concentrated around 6.85 yuan, while the selling price of "USDT" was mostly around 7 yuan. Later, Zheng expanded the business scale, rented a venue, recruited employees, and registered multiple accounts and opened bank accounts in the names of relatives and friends, conducting a large number of virtual currency and Chinese yuan exchange transactions on the virtual currency trading platform. The total amount of funds He used for the exchange business reached 609 million yuan. As of May 2019, the cumulative transaction volume of the bank accounts controlled by He had exceeded 14 billion yuan, with his personal illegal profits amounting to 4.77 million yuan. He used these illegally obtained funds to purchase real estate, invest in financial products, etc., in an attempt to legalize them.The Chongqing Yubei District People's Court ruled against him for illegal business operations, sentencing him to three years in prison and imposing a fine of 5 million yuan. He was not willing to accept this and chose to appeal to the Chongqing First Intermediate People's Court, claiming that the exchange business he engaged in between virtual currency and Chinese yuan did not constitute a fund payment and settlement behavior, and therefore did not constitute illegal business operations. After hearing the case, the Chongqing First Intermediate People's Court recently ruled to dismiss the appeal and upheld the original judgment.

ChainCatcher news, according to Jinshi reports, data from the China Foreign Exchange Trading System shows that the onshore RMB has risen more than 360 points against the US dollar during the day, currently quoted at 7.2282.According to Sina quotes, the offshore RMB against the US dollar continues to rise, with a cumulative increase of 370 points during the day, currently quoted at 7.2258.

ChainCatcher news, according to a report by Interface News, Hong Kong's Secretary for Financial Services and the Treasury, Xu Zhengyu, stated in Shanghai that this year marks the 10th anniversary of the interconnection between the Hong Kong and mainland markets. Currently, there is a RMB counter for Hong Kong stocks, and 24 large-cap stocks can be traded in either HKD or RMB simultaneously. We are now closely consulting with mainland regulatory authorities to implement allowing mainland investors to directly use RMB to purchase RMB-denominated stocks listed in Hong Kong, connecting the RMB counter to the Hong Kong Stock Connect.

ChainCatcher message, according to SoSo Value data, the Hong Kong Ethereum spot ETF had a net subscription of 62.8 units yesterday (May 22), with a total holding of 13,380 units of Ethereum, a total transaction volume of $390,300, and a total net asset value of $50.22 million. The net subscription amount yesterday came entirely from the Harvest ETF.It is noteworthy that yesterday marked the first net subscription for the Hong Kong Ethereum ETF in the 11 trading days since May 7. In terms of asset size, the Bosera Hashkey ETF holds 6,300 units of Ethereum, ranking first, while the Huaxia and Harvest ETFs hold 4,630 units and 2,450 units of Ethereum, respectively.In terms of intraday premium/discount rates, the Huaxia Ether ETF (83046.HK), which supports over-the-counter trading priced in CNY (Renminbi), showed a positive premium rate of about 1.5% within 24 hours, while other ETFs that support over-the-counter trading priced in HKD (Hong Kong Dollar) and USD (US Dollar) showed discount rates. (Note: Hong Kong crypto ETFs support a spot subscription and redemption mechanism, where net subscription refers to a positive difference between the subscription amount and the redemption amount over a certain period, meaning more buying than selling; conversely, it indicates net redemption.)

ChainCatcher news, the Hurun Research Institute released the "2024 Hurun Global Rich List" on March 25 (the wealth calculation cut-off date was January 15, 2024), with 52-year-old Elon Musk reclaiming the title of the richest person with a fortune of 1.67 trillion RMB (231 billion USD).In addition, the Hurun Research Institute noted that since the collapse of FTX, cryptocurrency seems to have made progress. Although Binance was fined over 4 billion USD by the U.S. Department of Justice for money laundering, the wealth of its former CEO Changpeng Zhao has grown to 130 billion RMB (18 billion USD), placing him at 100th on the list. The wealth of Coinbase founder Brian Armstrong and Ripple founder Chris Larsen also increased by 50%, reaching 46 billion RMB (6.4 billion USD) and 24.5 billion RMB (3.4 billion USD), respectively, ranking 475th and 1024th on the list. Upon inquiry, Coinbase board member Frederick Ernest Ehrsam III also appears on the list at 1024th with a wealth of 24.5 billion RMB.

ChainCatcher message, BTC price breaks through 58,400 USD, priced at 419,500 CNY, setting a new historical high.Previously, Bitcoin reached its historical peak of 410,800 CNY on November 10, 2021.

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, Hong Kong licensed virtual asset exchange OSL's parent company BC Technology Group (00863.HK) announced that it has sold 90% of its stake in Shanghai Jingwei to independent third party Li Jiaming. The property currently managed and operated is a commercial park located in Shanghai, with a cash consideration of 23 million RMB, and an estimated pre-tax loss of approximately 18.5 million RMB from the sale.In addition, BC Technology Group stated that it has applied for a temporary suspension of trading of its shares on the Stock Exchange, pending the announcement regarding the issuance of new shares of the company (which constitutes inside information of the company).