Suzhou's target of digital RMB transaction amount in 2023 is 2 trillion yuan

Shanghai Securities News China Securities Network (Reporter Sun Zhong) On February 1, Suzhou released the Three-Year Action Plan for the Development of Suzhou's Digital Financial Industry (2023-2025), unveiled a number of new digital RMB laboratories and signed a number of key digital RMB projects. According to the plan, Suzhou proposed a target of 2 trillion yuan of digital RMB transactions in 2023, and more than 200 billion yuan of loans for small and medium-sized enterprises in digital RMB.
Suzhou also proposed that by 2025, there will be more than 2000 financial institutions and enterprises in the digital financial ecosystem in Suzhou. The annual tax revenue of the financial industry will exceed 40 billion yuan. The number of digital financial laboratories, digital financial innovation centers, financial technology subsidiaries or software development and testing centers will exceed 80, The innovation capacity of the digital finance industry, the innovation capacity of the digital finance industry ranks at the forefront of the country, the industrial scale continues to grow, and the construction of the digital finance innovation benchmarking city has achieved phased results.
The Suzhou digital RMB pilot project made significant progress last year. By the end of 2022, Suzhou had a total transaction amount of more than 340 billion yuan, more than 30.54 million personal wallets, more than 930000 pilot scenarios, and more than 480000 digital RMB merchants. At the same time, Suzhou carried out a series of digital RMB consumption promotion activities, with nearly 120 million yuan of consumption promotion funds invested by banks and sectors throughout the year, driving consumption of more than 3.3 billion yuan. Enterprises in Suzhou have widely used digital yuan in corporate settlement scenarios. The opening rate of corporate wallets of 12000 enterprises on the scale has reached 100%, and enterprises have opened more than 1.85 million corporate wallets. State-owned enterprises in all cities have increased the use of digital yuan in public transport, and the proportion of digital yuan to public transport volume throughout the year has generally exceeded 12%.