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The test population is expanded again, and investors "nugget" the digital currency sector



On April 12, digital currency-related stocks were trending well, Yuyin shares rose by the limit, Gao Weida and Zhidu shares rose by 7.46% and 5.25% respectively. Since March 12, the cumulative gains of these three stocks have all exceeded 15%. Industry insiders said that with the gradual launch of the digital renminbi test, investment opportunities in the theme of digital currency will further emerge.

Pilot Accelerated Rollout

On April 12, Li Bin, Director of the Macro-Prudential Management Bureau of the People's Bank of China, stated at the first-quarter financial statistics press conference that at the end of 2019, the digital renminbi will be piloted and tested in Shenzhen, Suzhou, Xiongan, Chengdu and the Beijing Winter Olympics. The venue starts. By October 2020, six pilot test areas in Shanghai, Hainan, Changsha, Xi'an, Qingdao, and Dalian will be added. At present, the scope of the digital renminbi pilot program is expanding in an orderly manner, the application scenarios are gradually enriched, and the pilot population is also accelerating expansion.

Orbiter Finance launched the Maker test network: On November 30th, according to the official announcement, Orbiter Finance launched the Maker test network across the Layer 2 Rollup bridge. Users can create market maker nodes through this model and choose a specific network to provide liquidity for the protocol.

As previously reported, on November 29, Orbiter announced that it has completed its first round of financing this year. Tiger Global, Matrixport, A&T Capital, Starkware, Cobo Ventures, imToken, Mask Network, Zonff Partners, etc. participated in the investment. The financing amount has not yet been disclosed. [2022/11/30 21:12:46]

On April 10, Shenzhen launched an "upgraded version" of the digital renminbi pilot, and the test population was expanded by another 500,000 people. This pilot project aims to further expand the digital renminbi pilot population and cultivate citizens' habit of using digital renminbi to consume by "using digital renminbi to enjoy consumption discounts".

Voice | Governor of the Bank of France: The Bank of France will soon start testing digital currencies: Golden Finance reported that at a Wednesday meeting hosted by the French Prudential Supervision and Resolution Authority (ACPR), François Villeroy de Galhau, Governor of the Bank of France, said that the central bank will soon Start testing the digital currency soon and “will launch a call for the project by the end of the first quarter of 2020.” According to Villeroy de Galhau, France is keen to participate in digital currency innovation. However, he also warned that the country needed to trial the new technology "seriously and methodically". According to previous news, the Bank of France will reorganize the regulatory system to include digital currencies in regulation. [2019/12/5]

The reporter learned from the People's Bank of China that the pilot areas are still in the pilot testing stage, and there is no timetable for the official launch of the digital renminbi.

NTOK, a new education system based on blockchain technology, has entered the testing phase: According to Cointelegraph, a blockchain start-up company called NTOK said that the company has developed a whole new education system based on blockchain technology. The system will improve the existing educational environment, enable educational resources to be seamlessly and efficiently connected with people who need education, and break through the boundaries of time and countries, so that educational resources around the world can be freely and effectively disseminated and shared on one platform . It is reported that the system has officially entered the testing phase. [2018/3/20]

On April 12, the digital currency sector bucked the trend and rose by 0.43%. Among them, 3 constituent stocks rose by more than 5%, namely Yuyin (9.96%), Gaoweida (7.46%), and Zhidu (5.25%).

This is the eighth time this year that Yuyin shares experienced a transaction change on the same day. Since March 12, Yuyin shares have harvested 5 daily limit, with a cumulative increase of 49.49%. According to the data, the main product of Yuyin Co., Ltd. is ATM self-service equipment, which is used by banking financial institutions to provide customers with self-service financial services.

The new stock Chutianlong is a provider of high-end smart cards and supporting software. Since its listing on March 22, it has risen by the limit for 15 consecutive trading days, with a cumulative increase of 447.62%.

Bank IT Welcome Opportunity

Looking forward to the future, with the gradual promotion of digital renminbi, relevant listed companies in all links of the industrial chain are expected to usher in investment opportunities.

Shenang Securities stated that with the maturity of the People's Bank of China's digital currency technology and the improvement of the payment and circulation environment, the bank's IT system will become a pioneer field for the implementation of various technologies. In terms of payment scenarios, supporting windows such as ATM machines and POS machine upgrades will gradually open; in terms of supply chain finance, the introduction of distributed ledgers based on blockchain technology into bank IT systems is expected to promote the expansion of blockchain technology to all fields.

Huaxi Securities pointed out that in terms of the industrial chain, it is recommended to focus on the main lines of investment such as the People's Bank side and the bank side. On the side of the People's Bank of China, leading encryption companies are expected to cooperate and participate in the research and development of digital RMB; on the bank side, there is huge room for bank IT transformation, and related manufacturers are also expected to benefit.

However, the institution also reminds investors to be wary of the hype risks of the digital currency theme. Chu Tianlong publicly stated a few days ago that there are still great uncertainties in its digital RMB business in terms of technology research and development, product production, and marketing, reminding investors to make prudent decisions.


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The article is contributed by Biquan Beiming, the columnist of Jinse Finance and Economics, and his remarks only represent his personal views.

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