The Winter Olympics will be held soon and the digital yuan will be part of the new experience. What products will benefit?

At present, the digital yuan is developing rapidly in our daily life, China Galaxy Securities pointed out that on the one hand, China has focused on improving the digital economy, and on the other hand, she focused on changing the foil. with the digital yuan. It can reduce cost effectively and recognize cost reduction and effectiveness of digital marketing.

As the year 2022 approaches, the Spring Festival will soon take place and it is known that the Beijing Olympic Winter Games Athletes' Village will open on January 27, 2022. The hot Olympic city of the Olympic Games winter has a total construction area of ​​330,000 square. meters and 20 buildings, including three work areas: residential area, office area and plaza area. During the Games, the grounds of the Beijing Olympic Winter Village provide accommodation, food and medical care for athletes and teams around the world.

There are reports that the digital renminbi will be operated at the Beijing Winter Olympics venue. Starting at the beginning of this year, the Company will be able to use all buses, subways and other major transportation services. sectors according to the establishment and development of the payment environment for the summer commercial services of the People's Bank of China to promote the approval of bank cards and digital renminbi, complete the exchange of payment environments in 50 main areas of business and more than 98,% of the city ATMs can accept. Withdrawal of cash by bank card in foreign currency. Announced 3 large-scale digital yuan pilot activities, completed 400,000 scenarios and achieved a total of 7 major events, including transportation, catering and accommodation, shopping and dining, tourism, health and welfare -being, communication services, tickets and entertainment.

Now the digital yuan has grown rapidly in everyday life, China Galaxy Securities pointed out that, on the one hand, China has focused on improving the digital economy. The market capitalization was 7.888 trillion yuan, or 55.34% of gross domestic product (GDP). On the other hand, replacing the digital renminbi with banknotes can reduce costs and lead to lower prices and improved digital transactions. At the same time, the appreciation of the renminbi can lead to further payment restrictions and at the same time lead to the cycle of exchange between outlets and ATMs.

As for the main beneficiaries, China Galaxy Securities said that with the slight differences in the digital yuan's business model and the support of events such as digital commerce and the season, these Olympics, a lucrative investment in the digital yuan industry keychain. We believe that the field of IT vendor software and hardware will be the first to benefit from digital RMB. At the same time, a variety of events, B-end / C-end and various other services will be profitable investments.