Guangfa Securities: The digital RMB ecosystem will drive investment opportunities across the entire chain of "operations-technology-hardware-scenarios".

Guangfa Securities research report points out that focusing on the opportunities in the entire industry chain. The ecological development of digital renminbi will drive investment opportunities in the "operation-technology-hardware-scenario" chain: Banks and operators: Core operation institutions such as state-owned large banks will directly benefit from the liabilities brought by digital renminbi deposits. Technology and hardware suppliers: The demand for bank IT system transformation, payment terminals, and security chips will continue to be released. Payment and scenario service providers: Acquiring institutions with rich merchant resources will play a key role in scene landing.