The central bank's trade finance blockchain platform has been
As of September 2019, the central bank's digital currency has not been issued
the development history of the central bank's digital currency is as follows
in 2014, the Central Bank of China set up a special research team to conct in-depth research on the framework of digital currency issuance and business operation, key technologies of digital currency, issuance and circulation environment, and legal issues faced
in January 2017, the central bank officially established the digital currency Research Institute in Shenzhen
in September 2018, the Institute of digital currency built a trade finance blockchain platform
On July 8, 2019, at the launching ceremony of the digital finance open research program and the first academic seminar, Wang Xin, director of the Research Bureau of the people's Bank of China, disclosed that the State Council has officially approved the research and development of the central bank's digital currency, and the central bank is engaged in corresponding work in organizing market institutionson August 2, 2019, the central bank said at the second half of 2019 work video conference that it would speed up the research and development of legal digital currency
on August 10, 2019, Mu Changchun, deputy director of the payment and Settlement Department of the central bank, said at the Yichun forum of 40 people of China finance that "the central bank's digital currency can be said to be ready"
on August 18, 2019, the CPC Central Committee and the State Council issued their opinions on supporting Shenzhen to build a leading demonstration zone of socialism with Chinese characteristics, which mentioned supporting innovative applications such as digital currency research in Shenzhen
on August 21, 2019, the official micro blog of the people's Bank of China released two articles on digital currency. One is fan Yifei, vice president of the people's Bank of China, who was published in January 2018, talking about some considerations of digital currency of the people's Bank of China. The other is mu Changchun, deputy director of the Department of payment and settlement, who delivered a speech in Yichun on August 10
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practical significance
the digitalization of central bank's currency helps to optimize the central bank's monetary payment function, improve the central bank's monetary status and the effectiveness of monetary policy. The central bank's digital currency can become an interest bearing asset to meet the holder's reserve demand for safe assets, and can also become the lower limit of bank deposit interest rate
can also become a new monetary policy tool. At the same time, the central bank can affect the bank's deposit and loan interest rate by adjusting the central bank's digital currency interest rate, and help break the zero interest rate lower limit
operation system
fan Yifei, vice governor of the people's Bank of China, said in the article that the digital currency of the people's Bank of China should adopt a two-tier operation system. This model does not change the relationship between creditor's rights and debt of currency in circulation, does not change the existing money supply system and al account structure, does not constitute a competition for commercial banks' deposit currency, and does not increase commercial banks' dependence on the interbank lending market
will not affect the lending ability of commercial banks, and will not lead to the phenomenon of "financial disintermediation". At the same time, because it does not affect the existing monetary policy transmission mechanism, it will not strengthen the pro cyclical effect under the pressure environment, and it can improve the convenience and security of payment, and it also has the credit advantage of central bank endorsement
On November 9, 2019, the central bank has not launched digital currency
in 2014, the Central Bank of China set up a special research team to conct in-depth research on the framework of digital currency issuance and business operation, key technologies of digital currency, issuance and circulation environment, and legal issues
in January 2017, the central bank officially established the digital currency Research Institute in Shenzhen
in September 2018, the Institute of digital currency built a trade finance blockchain platform
On July 8, 2019, at the launching ceremony of the digital finance open research program and the first academic seminar, Wang Xin, director of the Research Bureau of the people's Bank of China, disclosed that the State Council has officially approved the research and development of the central bank's digital currency, and the central bank is engaged in corresponding work in organizing market institutions
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benefits of digital currency
the digitalization of central bank's currency helps to optimize the central bank's monetary payment function, improve the central bank's monetary status and the effectiveness of monetary policy. The central bank's digital currency can become an interest bearing asset to meet the holder's reserve demand for safe assets, and can also become the lower limit of bank deposit interest rate. It can also become a new monetary policy tool
at the same time, the central bank can affect the bank deposit and loan interest rate by adjusting the digital currency interest rate of the central bank, and help to break the zero interest rate lower limit
Hello, where are the first batch of pilot cities of the central bank's digital currency? Do you think they are well deserved super first tier cities "Beijing, Shanghai, Guangzhou and Shenzhen"? I want to tell you that it's not all right. Except Shenzhen, the other three cities are Cheng, Suzhou and xiong'an new area. At present, Shenzhen is the earliest city to launch digital currency. On October 9, Shenzhen issued 10 million digital currency. 50000 people, 200 yuan per person, can enjoy the welfare, which is distributed to everyone free of charge through the way of wagging number. Here, I can only envy you. The implementation of digital currency is so fast. The friends in the pilot cities are lucky. I just want to watch you win the lottery
the first batch of pilot cities are selected in these four cities, which is the first step for digital currency to go to the whole country. When it matures in the future, it will be promoted to more pilot cities. So don't worry, just wait. Even if our city is not a pilot, it doesn't matter. Next time it will be our city. The pilot is just to test the stability of the system, and we don't have a great chance to get the red envelope of digital currency. There are so many people in Shenzhen, and only 50000 numbers are selected. Here we would like to express our support and thanks to the cities selected as the pilot cities of digital currency
the people's Bank of China launched the trade finance blockchain platform: widely connecting the information of tax, customs, foreign exchange and other departments, effectively helping SMEs to increase their financing credit
State Grid supply chain financial data sharing platform based on data side chain: provide conditional and reliable sharing service of supply chain financial data under privacy protection, help small and medium-sized suppliers to revitalize accounts receivable, rece financing cost and increase financial income of financial institutions
there are also Guangzhou public law chain, blockchain e-invoice Express Edition, trade finance blockchain platform, blockchain deposit, blockchain traceability and so on. Cipher finance mimacaijing focuses on blockchain information.
in fact, the combination of blockchain technology and finance is not accidental. In short, blockchain is a distributed shared ledger and database, which is decentralized, tamper proof, traceable, etc. Finance is cooperation based on trust. These characteristics of blockchain lay the foundation for creating trust. Blockchain technology is of great significance in solving the financial problems of high credit risk, low capital utilization efficiency and high payment processing cost
in reality, bitcoin is not equal to blockchain, and digital currency is only one of the applications of blockchain technology in the financial field. In the fields of supply chain finance, payment and clearing, trade finance and financial transactions, "blockchain +" has rich application scenarios and imagination
let's start with supply chain finance. The core enterprises in the supply chain can transfer their credit to the micro enterprises through the blockchain, which can solve the financing problem of the micro enterprises to a certain extent. For example, Zheshang Bank has developed a receivables chain platform based on blockchain technology, which transforms the enterprise's receivables into electronic payment settlement and financing tools. ICBC e-letter network financing financial service platform launched by ICBC has registered more than 500 supply chain enterprises such as China Railway and China Merchants Group, and has issued more than 3 billion yuan of loans
in terms of trade finance, by recording the core documents and key processes of trade financing business, both sides of the trade can obtain real information, and with the help of intelligent contract, the application of blockchain technology can effectively promote the formation of market trust and rece the financing cost of enterprises. Data show that since the first phase of the trade finance blockchain platform project of the people's Bank of China was put into operation more than one year ago, more than 30000 businesses have been connected to the chain, more than 5000 businesses have occurred, and the business volume is about 75 billion yuan
instry insiders pointed out that although the application prospect of blockchain technology is broad, there are not many projects that are truly implemented and proce social benefits, and blockchain technology is in the early stage of development, which still needs to be treated rationally
the application fields of blockchain include digital currency, token, finance, anti-counterfeiting traceability, privacy protection, supply chain, entertainment, etc. with the popularity of blockchain and bitcoin, many related top domain names have been registered, which has a great impact on the domain name instry.
According to the overall plan of Beijing free trade zone, the implementation scope of the pilot free trade zone is 119.68 square kilometers, covering three areas : 31.85 square kilometers of science and technology innovation area, 48.34 square kilometers of international business service area (including 5.466 square kilometers of Beijing Tianzhu comprehensive free trade zone), and 39.49 square kilometers of high-end instry area
the development and utilization of the pilot free trade zone must comply with the relevant laws and regulations on land use, ecological environment protection and planning, comply with the land space planning, and meet the relevant requirements of economical and intensive land use
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construction of legal digital currency pilot zone and digital financial system:
according to the Chinese government website, on September 21, the State Council issued the overall plan of China (Beijing) pilot Free Trade Zone, which is clear in deepening the opening and innovation of financial field and will promote the innovation of financial science and technology. Around the payment and clearing, registration and trusteeship, credit rating, asset trading, data management and other links, support the landing of major financial technology projects, and support the use of scientific and technological means to improve the service level of financial infrastructure
give full play to the role of the pilot mechanism of financial technology innovation supervision, and carry out financial technology innovation steadily on the premise of serving the real economy, controlling risks, and fully protecting the legitimate rights and interests of consumers
we will support the digital currency Research Institute of the people's Bank of China to set up a financial technology center, build a legal digital currency pilot zone and a digital financial system, and rely on the trade finance blockchain platform of the people's Bank of China to form a trade finance blockchain standard system and strengthen regulatory innovation. The pilot area of financial technology application scenarios is constructed, and the application scenario release mechanism is established
Yes, according to the Central People's government website, on September 21, the State Council issued a notice on printing and distributing the overall plan of Beijing, Hunan and Anhui pilot free trade zones and the regional expansion plan of Zhejiang pilot Free Trade Zone:
the implementation scope of the pilot free trade zone is 119.68 square kilometers, covering three areas: Science and technology innovation area of 31.85 square kilometers, The international business service area is 48.34 square kilometers (including 5.466 square kilometers of Beijing Tianzhu Comprehensive Bonded Zone), and the high-end instrial area is 39.49 square kilometers
the plan proposes to promote Beijing Capital International Airport and Beijing Daxing International Airport to expand the arrangement of air traffic rights including the fifth air traffic right; We will support the digital currency Research Institute of the people's Bank of China to set up a financial technology center, build a legal digital currency pilot zone and a digital financial system, and rely on the trade finance blockchain platform of the people's Bank of China to form a trade finance blockchain standard system and strengthen regulatory innovation
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function division:
the science and technology innovation area focuses on the development of new generation of information technology, biology and health, science and technology services and other instries, and creates a digital economy Experimental Zone, a global venture capital center, and a leading demonstration zone for science and technology system reform
the international business service area focuses on the development of digital trade, cultural trade, business exhibition, medical and health, international delivery logistics, cross-border finance and other instries, and creates the airport economic innovation leading demonstration area
the high-end instrial area focuses on the development of business services, international finance, cultural creativity, biotechnology and big health instries, and constructs the transformation bearing area of scientific and technological achievements, the cluster area of strategic emerging instries and the cluster area of international high-end functional institutions