Dongwu Securities released a research report saying that on December 29, 2025, the People's Bank of China issued the “Action Plan on Further Strengthening the Digital RMB Management Service System and Related Financial Infrastructure Construction” on the basis of summarizing the multi-year R&D pilot, clearly launching a next-generation digital yuan measurement framework, management system, operation mechanism and ecosystem from January 1, 2026, to promote the upgrading of the digital yuan from “cash type 1.0” to “deposit currency type 2.0,” and improve supervision and infrastructure arrangements. This upgrade pushes digital yuan from a “pilot product” to “bank core debt and infrastructure,” and the impact on A-shares will be more “order-driven+long-term penetration” rather than simply themed transactions. “Financial IT” In the process of implementing systems such as wallet interest accrual, reserve measurement, deposit insurance connections, anti-money laundering, and operational self-discipline, banks need to transform their core, accounts, channels, and data governance systems. Financial IT companies are more likely to receive increases in the construction of bank IT and digital currency platforms.

Dongwu Securities released a research report saying that on December 29, 2025, the People's Bank of China issued the “Action Plan on Further Strengthening the Digital RMB Management Service System and Related Financial Infrastructure Construction” on the basis of summarizing the multi-year R&D pilot, clearly launching a next-generation digital yuan measurement framework, management system, operation mechanism and ecosystem from January 1, 2026, to promote the upgrading of the digital yuan from “cash type 1.0” to “deposit currency type 2.0,” and improve supervision and infrastructure arrangements. This upgrade pushes digital yuan from a “pilot product” to “bank core debt and infrastructure,” and the impact on A-shares will be more “order-driven+long-term penetration” rather than simply themed transactions. “Financial IT” In the process of implementing systems such as wallet interest accrual, reserve measurement, deposit insurance connections, anti-money laundering, and operational self-discipline, banks need to transform their core, accounts, channels, and data governance systems. Financial IT companies are more likely to receive increases in the construction of bank IT and digital currency platforms.