Lijin Finance

Newsflash

• [Shen Wanhongyuan’s Research And Experience On The Spring Festival] The Sky Has Wings And The Fireworks Have Sounds - The New Industrial Light Of Shihezi During The Spring Festival

  Adapt measures to local conditions to form advantageous and characteristic industries. Shihezi's primary and secondary industries have made some achievements. The Corps adheres to the principle of not competing with the people for profit in its site selection and construction, and mostly chooses to develop in difficult places. Hard work is the background of Shihezi's city. Under difficult background conditions, Shihezi has formed a highly mechanized agricultural and animal husbandry industrial cluster, and has made great achievements in characteristic industries such as photovoltaic, silicon-based, aluminum-based, cotton textile industry, and coal chemical circular economy industry chain.

  

  Figure 2: Aerial photo of Shihezi city; Source: Xinhua News Agency, Shenwan Hongyuan Research

  Shihezi is a famous military reclamation city, the largest city in the Corps, a pearl in the Gobi, and a people's city full of fireworks. I have three main feelings when I return home this time: 1. The consumption level of Shihezi people is increasing day by day, and the group market population is gradually concentrated in the urban area. 2. Residents’ demand for cultural and entertainment consumption is growing day by day, and new business formats are emerging. 3. The large-scale drone industry has broad and gratifying prospects.

  1. Consumption levels increase and the population concentrates in urban areas

  The roads became congested and parking became difficult: car ownership increased significantly. When I was in school, I always felt that the urban planning of Shihezi was very impressive and the roads were extremely wide. However, when I returned home this time, I was often troubled by traffic jams and parking difficulties. This intuitive feeling is consistent with the data disclosed by the Shihezi Municipal Bureau of Statistics: from 2017 to 2022, the cumulative number of civilian cars in Shihezi increased by 41.6%. Among them, the cumulative number of private cars increased by 48.7%. Latest data is lacking, but in the past three years when domestic new energy vehicles have been making rapid progress, Shihezi's car ownership may also be maintaining rapid growth.

  City boundaries have widened and shopping malls have become more prosperous. When I was in school, I always thought that the high school urban area was the southeastern boundary of Shihezi City. However, in recent years, the urban boundary of Shihezi has been significantly broadened. The original farmland and villages south of Tianshan Road have been turned into vast areas of improved residential areas. In 2021, the first Wanda Plaza in Shihezi was also completed and opened south of Tianshan Road. It has now become an important shopping destination for Shihezi citizens.

  Many friends from the group field have successively completed the purchase of houses in Shihezi. "Spring sows and autumn harvests in the Tuanchang, and returns to the city during the winter slack time" has become a fashionable choice for people in Shihezi Tuanchang. Shihezi has accelerated the urbanization process in a dual-urban and rural manner.

  

  Figure 3: A large number of businesses and residences have been built south of Tianshan Road in Shihezi; Source: Baidu Map, Shenwan Hongyuan Research

  2. Consumption upgrades give rise to new entertainment scenarios

  The people of Shihezi desire a higher level of entertainment consumption infrastructure. Mahjong, billiards, bathing, and singing karaoke are the "four pieces" of leisure and entertainment in small cities, and Shihezi is no exception. These places are always overcrowded during the Spring Festival holiday. But from another perspective, cultural performances always attract Shihezi people to stop and watch. People have a yearning for entertainment life beyond the "four-piece suit".

  The newly opened folk barbecue restaurant is bustling with people. On February 6 this year, a new folk barbecue tavern opened in Shihezi. The band's presence attracted a large number of consumers. They listened to folk songs, ate barbecue and drank some wine. Here, people looked back on the past year and looked forward to a better life in the future. This tavern is packed with seats every night, bustling with people and laughing, the sound of clinking wine glasses blending with singing, and the atmosphere of fireworks and art. It has become a popular place for hometown people to gather and check in during the Spring Festival and feel the vitality of the city. This new consumption model integrates music, food, social networking, and leisure, and meets the current needs of young people for relaxed gatherings and quality consumption.

  

  Figure 4: The resident band is singing

  

  Figure 5: The pub is packed with seats

  Social fire activities in Wanda Plaza attract consumers to stop. During the Spring Festival, Shihezi Wanda Plaza carried out a series of celebration activities such as the national intangible cultural heritage parade, lion dance to welcome the new year, social fire to celebrate the new year, and koi falling from the sky to welcome the God of Wealth. I passed by several times, and the audience was always crowded and lively. The performances of the artists on the stage brought laughter to everyone, and further stimulated people's enthusiasm for gathering and consumption.

  

  Figure 6: Shehuo performance at Wanda Plaza

  

  Figure 7: Opera performance at Wanda Plaza

  People's demand for better, newer, and more interesting forms of entertainment never stops. During holidays and slack winters, people need more and better ways of leisure and entertainment besides the "four-piece suit", and the gathering of people is always conducive to consumption growth and further drives economic growth. The people of Shihezi look forward to more high-quality entertainment activities and a higher quality of life.

  3. An unexpected surprise: the accelerated formation of low-altitude economic industrial clusters

  In addition to the traditional advantageous industries, Shihezi's drone manufacturing is the most surprising. When I came back this time, I was delighted to find that the drone and low-altitude economic industry clusters in Shihezi are accelerating. This is another major advantageous industrial cluster created by Shihezi in addition to the traditional advantageous industries such as cotton textile industry, animal husbandry, photovoltaic, silicon-based, aluminum-based, and coal chemical industries.

  Shihezi successfully held the 2024 and 2025 Low Altitude Industry Innovation and Development Conference. The two conferences gathered industry resources, carried out policy interpretation, corporate signing and flight demonstrations, and built Xinjiang's leading low-altitude economic exchange and cooperation platform. The two conferences effectively promoted policy implementation, industrial agglomeration and scene expansion, making Shihezi the source and pioneer area of ​​low-altitude economic development in the Corps and even the northwest region, laying a solid foundation for the construction of the entire UAV industry chain.

  Relying on the General Aviation Equipment Manufacturing Industrial Park, Shihezi has created an important UAV R&D and manufacturing base in the northwest region. China's first large-scale civilian drone, Hongyan (HY100), has achieved large-scale mass production in Shihezi, filling the gap in the mass production of large-scale drones in my country. The park has a modern pulsating production line and stable batch production capabilities, forming a complete manufacturing chain from R&D, manufacturing to delivery and service, driving the gathering of upstream and downstream enterprises and becoming an iconic carrier of new quality productivity in the city.

  Shihezi drones have been deeply integrated into production, life and social governance, and their application scenarios are widely spread. In the agricultural field, UAV plant protection has greatly improved the efficiency of cotton fields and grain crop management and protection; in the logistics field, Hongyan large-scale UAVs have been put into regular freight routes to solve transportation problems in remote areas; in urban management, UAVs are used for high-altitude inspections, emergency rescues, and environmental monitoring; at the same time, low-altitude tourism, smart inspections and other scenarios are constantly expanding, truly realizing the industrial transformation of "from being able to fly to being useful" and injecting aerial kinetic energy into high-quality urban development.

  

  Figure 8: The Second Low Altitude Industry Innovation and Development Conference; Source: Shihezi Science and Technology Bureau, Shenwan Hongyuan Research

  

  Figure 9: Hongyan (HY100), my country’s first large-scale UAV that took off; Source: China News Weekly, Shenwan Hongyuan Research

  The young city is full of fireworks, and the city of military reclamation is bursting with new industrial light. When I returned to my hometown of Shihezi this time, I really felt the vitality of this new military reclamation city. Carrying the original aspirations of generations of military reclamation people, Shihezi’s traditional agriculture and industry have been continuously transformed and upgraded, and the low-altitude economy is becoming another ray of industrial light in Shihezi. From the lively street markets to the popular new consumption places, from the solid industrial foundation to the ever-changing urban landscape, Shihezi is moving towards high-quality development at a solid pace. I sincerely wish my hometown will get better and better.

  Shenwan Hongyuan Research "Spring Festival Insights" series of studies: Since 2018, the Shenwan Hongyuan Research Institute, known for its ideas and systems, has continued to practice grassroots insights into China's national conditions. During the Spring Festival of 2026, Shenwan Hongyuan Research, in order to further understand the national conditions and people's sentiments, improve its research capabilities, and cultivate feelings for the people, calls on analysts to review the past and sum up experience, look forward to the future, and forge ahead. They will use the Spring Festival to return to their hometowns to visit relatives and friends, and go on field trips. Taking advantage of opportunities to visit and travel, the research team uses visits to their hometowns during the Spring Festival every year to describe what they see and hear in more down-to-earth words and on-the-spot visits, so that "research" does not stick to the ivory tower, so as to clearly understand the multi-layered context of China's economy.

  31 minutes ago

• During The Spring Festival Of 2026, Beijing’s Business Districts Will See Booming Sales, Strong New Year Customs, And Many New Highlights In The Consumption Scene

  China News Service, Beijing, February 23 (Reporter Lu Shaowei and Chen Hang) Data released by the Beijing Municipal Bureau of Commerce on the 23rd showed that during the 2026 Spring Festival holiday, the department stores, supermarkets, professional stores, catering and e-commerce businesses that the bureau focused on monitoring achieved sales of 8.45 billion yuan. According to mobile phone signaling and third-party big data, holiday passenger traffic in 60 key business districts in Beijing reached 51.094 million, a year-on-year increase of 5.8%.

  On February 18, tourists took photos under the lanterns at Langfang Toutiao next to Qianmen Street in Beijing. During the Spring Festival, Beijing’s Qianmen Pedestrian Street and surrounding business districts are filled with colorful lanterns, attracting many tourists to come and take photos. Photo by China News Service reporter Zhao Jun

  During this holiday season, Beijing’s business district has seen a surge in its annual consumption vitality. The New Year Market in Longfu Temple Business District brings together Beijing-style snacks, blind box handicrafts, books and cultural creations and other diverse businesses. Wanli·Wangfujing WellTown has created six themed activities of "Come to Wanli to celebrate the Chinese New Year" and created a "cultural tourism business + immersive experience" model. Taikoo Li Sanlitun joins hands with brands to create a trendy lion dance cultural themed exhibition. Shougang Park launches diverse festival activities such as light and shadow shows, art exhibitions, and ice and snow experiences.

  During the Spring Festival holiday, Beijing debuted its first show, empowering technology to refresh the consumption scene. The Blue Harbor series of activities are linked to the launch of new products, using trendy art to create a festive consumption atmosphere for the Spring Festival; Chaoyang Heshenghui launches new products in the trendy toys and clothing series for the first time, creating a fashionable atmosphere that resonates with New Year consumption. The 2026 Haidian New Year Science and Technology Temple Fair promotes the deep integration of technology experience and consumption scenarios. The Beijing Economic and Technological Development Zone launched Beijing’s first self-driving car shopping linkage promotion.

  On February 21, the fifth day of the Lunar New Year, tourists visited the Wanping City Temple Fair in Beijing. Photo by China News Service reporter Tian Yuhao

  During the Spring Festival holiday, Beijing’s inbound tourism contributed to a new increase in consumption. According to third-party big data calculations, this holiday season, the "purchase" consumption of inbound tourists in Beijing increased by 73.2% year-on-year. The 2026 Dadu New Year Temple Fair takes "sense of science and technology, international style, and Chinese flavor" as its core, presenting a colorful festive cultural feast. The "Moscow Winter Festival" event held in Chaoyang Park, the "Global China Year" at Universal Beijing Resort, and the Beijing Olympic Museum International Style Temple Fair have built a bridge of multicultural exchanges for tourists from around the world. (over)

  31 minutes ago

• Heavy Rain In Kunming On 7·20: Fire Emergency Rescue In Liujia Yangjiacun Senior Apartment Area

  7·20 Kunming Heavy Rain Rescue Side Story (2)

  Kunming Information Port News reporter He Yucong At 4:36 a.m. on July 20, the No. 1 Special Service Squadron of the Kunming Public Security Fire Brigade received an order from the command center to go to the elderly apartment area at the back door of the Golden Sunshine Swimming Pool in Liujia Yangjia Village to conduct flood fighting and rescue operations.

  After receiving the dispatch order, deputy squadron leader Tan Jinping led the team to the accident scene immediately. After arriving at the accident scene, it was still dark and the visibility was low. Most of the floodwater had already poured into residents' homes. Residents in the first-floor community were severely affected. Many residents who were sleeping did not realize that the floodwater was about to reach their doorsteps. After learning about this situation, Comrade Tan Jinping immediately led the firefighting officers and soldiers on the scene into the community to knock on the door of the affected residents on the first floor to remind everyone to evacuate as soon as the water level was not too deep.

  Since most of the residents in the community are elderly people with mobility difficulties, Tan Jinping immediately ordered help for the elderly people with mobility difficulties and older people, and asked the firefighting officers and soldiers on site to carry the elderly people to a safe area at the entrance of the community. At around 5:10 in the morning, after all the remaining forces of the squadron arrived at the scene, Tan Jinping led the soldiers to use kayaks to rescue and evacuate areas with deep water levels, and notified all vehicle residents to immediately move the vehicles parked in the community to a safe area. After the entire community was evacuated, Tan Jinping immediately led the firefighting officers and soldiers on site to rescue the trapped people and property in the community.

  At around 9:15 a.m., the water level had risen to waist level, making it impossible for the trapped people to evacuate safely. Tan Jinping led the firefighting officers and soldiers on the scene to carry out the elderly, women, and children in the community one by one. At around 9:25, we received news from an enthusiastic person present that an elderly man in his 80s was trapped in his home. The flood had spread to the elderly man's bedside. The situation was very critical. He hoped that fire officers and soldiers would go to rescue the elderly man immediately.

  After hearing the news, Tan Jinping immediately went to the trapped elderly man's home. On the way, I learned that the old man had no children and his family was very poor. He usually made a living by picking up garbage. Because he was afraid that he would have nothing to eat after leaving home, he stayed at home until his neighbors saw that the flood had entered the old man's home and asked the fire officers and soldiers for help. When we arrived, we found that the old man's home was located far away, and the deepest point of the flood had reached his waist. Due to the heavy rain, the entire residential area had lost power, which affected the vision in the dark corridor, making it difficult to see the obstacles in front of him, making it very dangerous to enter and exit.

  Tan Jinping led the soldiers to grope forward through waist-high floodwaters, and finally found and entered the old man's home to rescue him. After patient persuasion by the fire officers and soldiers, the old man who originally wanted to protect his property finally agreed to leave. Tan Jinping immediately carried the old man to a safe area. At 9:45, after unremitting efforts, the old man was finally safely delivered to a safe area at the gate of the community. Although the old man was out of trouble, Tan Jinping still cared about the old man's life and asked the street and community workers to take good care of the elderly's dietary problems. After placing the old man, Tan Jinping immediately returned to the intense rescue work.

  By around 12:50 noon, the water level had dropped to a safe level and all trapped persons had been evacuated. During the entire rescue process, no matter how sleepy or tired they were, Tan Jinping and the officers and soldiers he led did not complain or complain, and continued to fight on the front line. This operation rescued 60 trapped people and evacuated 300 trapped people. The rescue operation ended successfully without any casualties.

  31 minutes ago

• During The Spring Festival In Guangdong, All Types Of Police Incidents Decreased, And The Public Security Organs Went All Out To Ensure A Safe New Year.

  China News Service, Guangzhou, February 23 (Reporter Fang Weibin) The Guangdong Provincial Public Security Department announced on the evening of the 23rd that during the Spring Festival, the province's criminal security police cases and criminal cases dropped by 3.2% and 34.8% respectively year-on-year, and the number of traffic accidents and deaths dropped by 56.7% and 18.6% respectively year-on-year.

  According to reports, during the Spring Festival in Guangdong, there were “zero” major safety accidents involving fireworks and firecrackers, “zero” public safety incidents in crowded places, “zero” major traffic accidents, and “zero” major social criminal cases, creating a safe and peaceful social environment for the people to celebrate the Spring Festival.

  During the Baietan Fireworks Display in Guangzhou, the Guangzhou Public Security Bureau focused on emergency response, public security prevention and control, and water area warning and control at key locations. Photo courtesy of Guangdong Provincial Public Security Department

  During the Spring Festival this year, people in Guangdong have strong demand for travel, with abundant large-scale events and folk activities, and the return passenger flow is superfluous. The public security organs of the province conducted preliminary research and judgment and made strict arrangements around the goal of "safety and no accidents". In view of the 63 fireworks display activities during the Spring Festival, the public security organs guarded the entire process and implemented the "one vehicle, one plan" entire process supervision for the transportation of fireworks and firecrackers.

  At 586 large-scale mass activities, folk activities and 241 4A-level or above key scenic spots in the province, the public security organs set up on-site headquarters to strictly implement security measures to ensure that "the flow of people does not disperse and the police force does not withdraw". At the same time, they cracked down on illegal solicitation, ticket scalping and other illegal activities to protect the safety promise of "please come to Guangdong to celebrate the New Year".

  In terms of traffic security, the public security and traffic control departments have strengthened key inspections and control based on complex travel structures and traffic flow characteristics. On the Xuguang Expressway, which was prone to congestion in the past, the innovative "tidal lane + tidal service area" initiative was launched. While the traffic volume on the road section increased by 8.9% year-on-year, the number of slowdowns dropped significantly by 94.7% year-on-year, and the results were remarkable.

  In addition, facing the first Spring Festival after Hainan closed the border, the Guangdong and Qiongzhou police worked together to build a three-dimensional prevention and control circle of "far-end diversion, mid-end control, and near-end diversion" around the Qiongzhou Strait, which effectively improved the turnover efficiency of people and vehicles and ensured the safe and smooth passage of passengers.

  During the Spring Festival, Guangdong's accommodation reception, port customs clearance, highway traffic volume and the number of large-scale events all increased significantly year-on-year. The province's public security police stayed at their posts and built a Spring Festival security defense line with high standards. (over)

  31 minutes ago

• The Central Bank’s Digital Currency Pilot Work Has Been Exposed And Will Be Widely Promoted In The Next Two To Three Years

  It is estimated that in the next two to three years, 30% to 50% of currencies will be replaced by central bank digital currencies, basically realizing the nationwide promotion of central bank digital currencies.

  From 2014 to now, the central bank’s digital currency research has been going on for six years. Now, its mystery is finally about to be officially unveiled.

  On April 14, a photo of the central bank’s digital currency being tested internally in an Agricultural Bank of China account was exposed, causing heated discussion on the Internet. Subsequently, some media reported that Xiangcheng District in Suzhou is an important pilot area for the central bank’s digital currency (DC/EP). Since then, digital currency-related concept stocks have risen for three consecutive days.

  On the evening of April 17, the Central Bank Digital Currency Research Institute issued its latest response to the internal testing of the central bank’s digital currency. The Central Bank's Digital Currency Research Institute stated that the current DC/EP information transmitted online is test content in the technology research and development process and does not mean that the digital renminbi has been officially issued. The current closed test of digital RMB will not affect the commercial operations of listed institutions, nor will it have any impact on the RMB issuance and circulation system, financial markets and social economy outside the test environment.

  This also confirms from the side that the above photos are authentic. It is reported that the central bank’s digital currency has entered the internal testing stage, and Chengdu, Shenzhen, Xiongan New Area, and Suzhou will become the first batch of pilots. It is foreseeable that once the test is completed, it will gradually become popular.

  News about central bank digital currency has been around for a long time, but this is the first time such intuitive information has been exposed. After the news of the central bank's digital currency pilot work emerged, it also triggered many discussions. CCTV also recently popularized some basic information about the central bank’s digital currency DC/EP in a program.

  In general, as the digital form of legal tender, the central bank's digital currency can be regarded as the "digital form" of RMB banknotes. Digital currency has the advantages of low circulation costs, easy maintenance, anonymity but traceability, and the ability to conduct transactions offline.

  It is estimated that in the next two to three years, 30% to 50% of currencies will be replaced by central bank digital currencies, basically realizing the nationwide promotion of central bank digital currencies.

  Why issue digital currency?

  When it comes to digital currency, some people may think of the various air coins issued by the "currency circle" that specializes in cutting leeks. However, in fact, the digital currency DC/EP issued by the central bank is essentially different from these air coins.

  The full name of DC/EP is Digital Currency/Electronic Payment, which is digital currency and electronic payment. It has national credit and is equivalent to legal currency (my country's legal currency is RMB).

  To understand the central bank’s first digital currency, we must first clarify three concepts, M0, M1 and M2.

  M0: Generally refers to cash in circulation

  M1: Generally includes M0 + demand deposits of each unit

  M2: includes M1 + residents’ savings deposits + corporate time deposits + other corporate deposits + securities company customer deposits.

  When we use WeChat and Alipay to pay, we need to bind our own bank card account to use it. This means that WeChat and Alipay belong to M1 or M2, while DC/EP has M0 attributes.

  In terms of positioning, the central bank's digital currency (DECP) is a replacement for cash (M0) in circulation. Mu Changchun, director of the Central Bank's Digital Currency Research Institute, said that "its functional attributes are exactly the same as banknotes, but in a digital form" and "is a digital payment tool with valuable characteristics."

  So, you may be wondering, since there are paper currencies, why does the central bank still issue digital currency? Because the latter has many characteristics that the former does not have.

  First of all, digital currency circulates in digital form without the need for money printing and logistics, which saves the cost of RMB circulation. It is no longer limited to the restrictions of third-party payment institutions, and there are no hassles such as exchange rates and change.

  Secondly, digital currency can achieve anonymous transactions similar to banknotes, and every mobile payment we use every day will leave traces on commercial banks and payment institutions.

  In addition, although transactions can be made anonymously, when a large number or suspicious transactions occur, the source and whereabouts of these currencies can be traced and can be retrieved in the future, thus preventing money laundering, robbery, theft, etc. from occurring to a large extent, which is not possible with the use of banknotes.

  At the same time, due to the different technologies used, the central bank’s digital currency can achieve dual offline transactions, and transactions can also be achieved even when offline in subways, airplanes, etc.

  Based on the above reasons, the RMB is expected to circulate more widely in the future, and is very likely to be adopted and recognized by most countries in the world in the future. This is also the strategic significance of the central bank's digital currency. At the same time, the central bank’s digital currency has national credit endorsement and is a stable currency that surpasses all existing stable currencies.

  In terms of usage, DC/EP does not need to be bound to a bank card, but it does require you to exchange your deposit for DC/EP in advance. Just like you withdraw part of the money from your bank card (becoming M0), but this part of the money becomes "invisible cash" DC/EP, this money will enter your digital wallet APP and has not been consumed at this time.

  Judging from the screenshots of the Agricultural Bank of China's digital currency wallet leaked online, the main functions displayed are basically similar to the daily payment and management functions of bank electronic accounts. For example, in the Agricultural Bank of China's digital currency wallet, there are four commonly used functions: "scan QR code to pay", "remittance", "receipt and payment", and "touch".

  The touch function enables offline payment, which will be very helpful in remote mountainous areas without network or underground garages with poor network.

  In other words, for us ordinary people in our daily lives, apart from the advantages of offline payment, DC/EP is not much different from Alipay and WeChat payment. It is nothing more than whether we choose to open WeChat, Alipay, or your digital wallet when paying a bill. In other words, although the payment tools have changed and the functions have been added, the channels and scenarios have not changed. The most important thing is that although the popularity of Alipay or WeChat payment is already very high, there will always be merchants who don't like one of them. If a merchant refuses to accept the central bank's digital currency, it is equivalent to not accepting cash.

  Is it a major benefit to the blockchain? rumor!

  After the news of the central bank's digital currency pilot emerged, the "currency circle" that had been deserted for a long time ushered in a long-awaited hustle and bustle. On April 15, Huijin and Covid hit their daily limit at the opening; on April 16, Golden Crown, Zhongying Internet, and Hengjiu Technology opened at their daily limit.

  As of around 11 o'clock this morning, nearly 16 stocks were trending higher.

  As can be seen from the above table, Felix, Huijin, Zhongying Internet, Julong, Hailian Jinhui, and Guangdian Express all increased by more than 7%. In terms of individual stocks, 2,598 stocks rose, of which 150 stocks such as Modern Pharmaceuticals, Kangyuan Pharmaceuticals, and Yuhetian rose by more than 5%.

  Not only that, Bitcoin, which has been bearish before, has also followed suit and risen in recent days, with the price once exceeding the $7,000 mark.

  For a time, rumors such as "the central bank's digital currency can be interchanged with Bitcoin", "fiat currency can legally enter the currency circle", "DC/EP can be speculated" were rampant. Unfortunately, as mentioned in the article, the digital currency currently being piloted by the central bank is essentially a digital form of circulating legal currency, which is fundamentally different from so-called "digital currencies" such as Bitcoin.

  Speculators who think about "speculating on currencies" may be disappointed, because the central bank's digital currency is the digital renminbi, which will only be exchanged 1:1 at banks and institutions, leaving no room for speculating on currencies.

  Secondly, my country currently prohibits the exchange of legal currency for digital currencies such as Bitcoin. If DC/EP is officially used, not only will there be no exchange between DC/EP and Bitcoin, but the illegal exchange of Bitcoin will be easier to track due to the issuance of the central bank's digital currency.

  Finally, there is currently no evidence that the central bank’s digital currency adopts the form of blockchain. Of course, DC/EP may draw on blockchain technology in aspects such as identity verification, public keys and keys, but it does not mean that DC/EP uses blockchain.

  Therefore, whether it is the "currency circle" or the "chain circle", it currently has little to do with the central bank's digital currency.

  How to treat this digital RMB rationally?

  From a historical perspective, we have reason to believe that just like everything has a cycle of birth, development, and destruction, it is entirely possible that paper currency will disappear in the near future. From paper currency to digital currency, it is a general trend.

  With the continuous development of 5G, Internet of Things, big data and other technologies, our lives will inevitably undergo major changes, and we will eventually accept a more digital life, including the digitization of currency.

  In fact, it’s not just the central bank. On the other side of the world, the U.S. digital currency has also made new progress. Last Friday, the stablecoin project Libra launched by Facebook released version 2.0 of its white paper. This is the largest update since the release of the Libra white paper in June last year. It mainly made four key changes in response to the previous regulatory issues that had the greatest resistance, namely:

  (1) In addition to the multi-currency stablecoin system, single-currency stablecoin support is added;

  (2) Improve the security of the Libra payment system with a robust compliance framework;

  (3) Abandon the future transition to a permissionless system while maintaining its main economic attributes;

  (4) Build stronger protection measures into the design of Libra reserves.

  Finally, as China's RMB internationalization process gradually accelerates, the issuance of DC/EP will help reshape the trade clearing and settlement system and promote the internationalization of RMB. Before the launch of the RMB Cross-border Payment System (CIPS), RMB cross-border clearing and settlement was highly dependent on the U.S. SWIFT system and CHIPS. However, the United States has launched several financial wars based on the SWIFT system and CHIPS system, so relying on foreign currency settlement systems will have fatal flaws. Driven by the digital wave, the formation of a new currency clearing network has become a historical requirement.

  A recent report from the Bank for International Settlements (BIS) also highlighted that the current crisis gripping the world has brought attention to the need for a payment method that can take a wide range of threats into account. This is also an opportunity for the internationalization of the RMB.

  Taken together, the issuance of digital currency by the central bank is an inevitable process that conforms to the needs of the times and history. As far as people's lives are concerned, it will not affect the stability of the existing financial system.

  Maybe you are still full of questions now, but will it feel "really fragrant" the day you use it?

  References:

  1. "The "Digital RMB" is about to come out and counting money in your wallet will become a thing of the past", GeekPark

  2. "The implementation of central bank digital currency is accelerating, what should we know?" 》, TMTpost Media

  3. "There was a central bank digital currency before, but it was later included in the new infrastructure and blockchain stocks soared", Jiemian News

  4. "Central Bank Digital Currency Concept Stocks Hit the Limit, Blockchain Development Speeds Up", Babbitt Information

  5.〈It’s almost ready for internal testing. Is there anyone who still doesn’t understand the central bank’s digital currency? 〉, Black Cat Finance and Economics

  32 minutes ago

• 2026 Spring Festival Box Office Analysis: Daredevil Fell Sharply, And Audiences Are Looking Forward To The Release Of Daredevil 2

  "Thank you for your likes. It makes everyone look forward to the second episode. I think it is a particularly big compliment for us. The audience feels recognized. Then we will continue to work hard and strive for a second episode." - This is what Wu Jing said at the road show of "The Bodyguard".

  The 2026 Spring Festival is coming to an end. For several days in a row, Brother Fei has made a detailed analysis of the Chinese New Year box office. The championship has been confirmed, and the runner-up has gradually become clear, that is, "The Daredevil" has fallen behind for 3 days, and the big counterattack has begun.

  There are more and more people watching the movie, and the audience participating in the discussion are very passionate. Some said that the final box office of "The Bodyguard" can exceed 2.5 billion; some said that Chang Guiren, played by Jet Li, should not die; some said that Xie Miao, Donnie Yen and Zhao Wenzhuo would be invited to guest star in the sequel, etc.

  Judging from the feedback, the audience hopes that "The Bodyguard 2" will be released smoothly. In fact, Yuen Woo-Ping's sequel to "The Bodyguard" has been approved. I think that the first domestic box office exceeded 1.5 billion, and then relying on overseas copyright income to recover the cost and make a small profit is not a big problem.

  In other words, "The Daredevil 2" has a very good chance of being put on the agenda.

  1. Box office analysis during the Spring Festival.

  On February 22, the sixth day of the Lunar New Year, the mainland box office rankings were released. The market closed another 670 million in a single day, a decrease of 560 million from the fifth day of the Lunar New Year. It dropped 45.66% year-on-year on the sixth day of the Lunar New Year last year.

  We all know that "Nezha 2" became more and more popular last year, but there is a lack of such movies this year, so the downward trend is very obvious. As of press time, the total box office for the 2026 Spring Festival has exceeded the 5 billion mark.

  It can be predicted that this Spring Festival period will be the worst in recent years, because only "Flying Life 3" has a box office of 2.6 billion during the period, which can be said to be in the lead.

  The movie theater manager's schedule for this film still remains above 36%. The box office revenue on the sixth day of the new year is 330 million again, and the cumulative total box office in the mainland has reached 2.616 billion. The situation can be seen from the data, that is, the strong is always strong. It is harder to beat its movie schedule than to reach the sky.

  3 days of reverse decline! The counterattack of "Dartman" begins! The second tier mainly revolves around "The Daredevil", "The Silence of Insects" and "There Are Bears Every Year".

  On the first day of the Lunar New Year in "The Bodyguard", I ranked fourth and was beaten by Zhang Yimou, who was bald.

  On the third day of the month, it overtook "Bear Bears", on the fourth day of the month, it overtook "The Silent Insect", and on the sixth day of the month, it continued to reverse its decline, overtaking "The Silence" in both film schedule and box office, firmly holding the runner-up position.

  The film's film schedule has risen to 18.2%, and the attendance rate is 23%, which is almost the same as "Flying Life 3". On the sixth day of the Lunar New Year, it once again grossed 119 million, surpassing the box office of "The Silent Insect" by 30 million, and its total box office was 690 million.

  The film has successfully broken the mainland film history record of 689 million martial arts films held by Tsui Hark and Xiao Zhan's "The Condor". The next step is to see how high it can raise the ceiling of this genre of films.

  In other words, the counterattack of "The Daredevil" is inevitable.

  The predicted box office has increased significantly from 900 million to 1.5 billion. When the Spring Festival is over and people who travel and return to the city return, the stamina of "The Bodyguard" will surely increase. So, we can really look forward to it.

  The film's budget cost is either 500 million or 700 million. If the stamina is strong enough, it will have the opportunity to break through 1.5 billion in the future and challenge higher results. What do you think the final box office of "The Bodyguard" will be?

  The third runner-up was Zhang Yimou's "The Silence of the Insect". On the sixth day of its release, the film's daily box office dropped to 90.9 million, with a total box office of 789 million, 100 million ahead of "The Bodyguard".

  Based on the calculation of exceeding 30 million per day, in 4 days, the total box office of "The Bodyguard" will officially surpass "The Silence of the Insect".

  Zhang Yimou acted free and easy this time, ranking second in pre-sales, and the number of films scheduled for the first day was over 27%, but the reputation was average. Even with the support of big traffic stars such as Yi Yang Qianxi, Zhu Yilong, Liu Shishi, and Yang Mi, it still couldn't stop the box office from falling.

  The investment cost of "The Silence of the Insect" is basically the actors' remuneration. The plot is the same as the modern version of "River Red". After the first wave of fans contributed to the box office, without word-of-mouth effect, the box office will not take off.

  "Bear Bears" grossed another 80 million in a single day, with a total box office of 637 million, and the predicted box office is 1.1 billion; Jackie Chan's "Panda Project 2" has a total box office of 175 million; Wang Hedi's "Starry Dream" has a total box office of 76.27 million.

  On the third day of its release, Huang Zihua's "The Night King" grossed a total box office of 53.77 million. After grand openings in Guangxi and Guangdong, it has gradually expanded to the whole country. However, the film schedule is still maintained at 3.2%, and the probability of a box office explosion is almost gone.

  2. The reputation of "The Bodyguard" has been fully released.

  If you think about it, why "The Bodyguard" was able to counterattack, the reason is actually very simple, that is the word-of-mouth effect. When I first started writing "The Bodyguard", many people thought that I had received money from the film studio and said that the article I wrote was "Guangzi".

  Little did they know how powerful the “tap water effect” is, the latest word-of-mouth results for the Spring Festival stalls are revealed:

  "Flying Life 3" Douban score dropped another 0.2 points, currently at 7.4 points;

  "Starry Dream" also fell 0.1 points to 6.9 points;

  "There Are Bears Every Year" scored 6.8, which is quite satisfactory;

  "Project Panda 2" doesn't need to be rated at all. In fact, there is no need to wait for the rating of this film. I have said it before, people under 14 years old can watch it happily, but the older they get, the more they can't sit still;

  Only "The Bodyguard" maintained its 7.5-point high.

  This trend is a perfect replica of Wu Ershan's "Fengshen Part 1". The film was not well-received before its release. After the first wave of word-of-mouth explosion, the popularity of the film surged. The same was true for "Operation Red Sea" that year, and it finally achieved an unexpected box office result.

  More importantly, the overseas reputation of "The Bodyguard" has been released. The Rotten Tomatoes score is 92%, the popcorn score is close to the perfect score, as high as 98%, and IMDB also gave it a score of 7.4.

  A certain platform conducted an audience survey and scored, and 210,000 people participated in the rating. Five-star and four-star proportions accounted for as high as 73%, and the tap water effect completely exploded.

  Although "Flying Life 3" dominated the box office, the audience was dismissive and complained about the film schedule and box office of "The Bodyguard". In the past few days, there has been little activity on "Jingzhe Silent" in the circle of friends. Everyone is discussing "The Bodyguard".

  This is the "tap water effect". Once a topic is formed, many people who are waiting to watch will enter the cinema. This is how "Nezha 2" exploded at the box office.

  Brothers, go to "Dartman"! When the ticket price drops after the holidays, I will make arrangements for the second time.

  3. The box office exceeded 1.5 billion, and Yu Shi’s sequel is on the way.

  At the end of "The Bodyguard", Daoma, Shu, Ayuya, Chishiro, Yan Ziniang and Xiaoqi went to Chang'an of the Sui Dynasty to do chivalrous things again.

  Going back to the topic at the beginning of this article, Wu Jing said that he is striving for a second film. However, there is a practical problem. This is a comic book adaptation movie. The author Xu Xianzhe has not yet drawn the follow-up plot, and his update speed is quite slow.

  He updated three chapters in 2025 and one chapter in 2026. If he wants to make a sequel, he must adapt the original comic. The copyright belongs to Xu Xianzhe, but he didn't draw it. How can he make it?

  Therefore, if you want to watch the sequel, you have to update the artist Xu Xianzhe.

  However, director Yuan Heping has already planned a sequel, "The Guardian: The Battle of Jiangdu". The plot revolves around "Shu", and the project unit is Xiamen Yuan Heping Pictures.

  The first "The Bodyguard" had its pitfalls, but Ayuya's line was the most perfectly written. The "vertical" role played by Yu Shi left the audience a little confused.

  Yes, what did this character do before? Why did he want to arrest Yan Ziniang? How to fill this "hole"? Brother Fei believes that if the box office of this film reaches more than 1.5 billion, this sequel can be arranged.

  In fact, it cannot be regarded as a sequel. It is more suitable as a spin-off of "The Bodyguard" starring Yu Shi. In this way, the universe of "The Bodyguard" can be formed.

  Everyone says that Xu Xianzhe's comics are updated too slowly. How long will it take to wait for him? Don’t forget, now that there is AI, there is a difference between working on it alone and working on it with a group of people.

  The first part of "Nezha" had a total team of less than 40 people. The final decision was made by the director Jiaozi alone. In "Nezha 2", there were 1,500 people involved. It took only 5 years from 8 years for the first part to 5 years for the second part.

  "The Daredevil" explodes at the box office, and it will make money. The story after going to Chang'an needs to be written by Xu Xianzhe himself. The drawing is very simple and can be drawn with the help of AI.

  At that time, it is completely possible to set up a team of screenwriters for "The Daredevil" to draw and film at the same time. As long as the funds are in place, the team and speed will not be a problem.

  4. What does Brother Fei want to say about "The Escort".

  Martial arts is a unique theme in China, just like the superhero science fiction themes of Marvel and DC. They rely on comics and cooperate with movies to promote this theme to all parts of the world, making us all know Iron Man, Spider-Man, Aquaman, Batman, etc.

  Once "The Bodyguard" succeeds, it will not only drive the box office of the movie, but also the entire Chinese comics, Chinese kung fu and martial arts will become more popular.

  Think about how popular "Shaolin Temple" was back then?

  After watching the movie, thousands of people went to Songshan Mountain to learn martial arts. At that time, Henan’s martial arts schools were number one in the country and were blooming everywhere. A movie sparked an industry and cultivated a generation of talents.

  This is the power of martial arts.

  If we stop shooting and practicing now, in a few decades, this uniquely Chinese subject matter will probably become extinct. When the time came to film it, I couldn't even find actors who knew how to fight, and the film turned out to be just a show, without the soul.

  The year before last, Louis Koo's "The Siege of Kowloon Walled City" was a hit. It was a comic adaptation + modern martial arts, and it made people's blood boil. If "The Bodyguard" hits another wave this year, it can definitely make the martial arts genre bigger and stronger.

  Looking back, we have a mass base, and the seeds planted by "Shaolin Temple" have been buried in the hearts of generations of people. Looking internationally, we have successful experience. Ang Lee broke into the North American market with "Crouching Tiger, Hidden Dragon" and won an Oscar. What is that? That's a martial arts movie.

  In the 1980s and 1990s, Huo Yuanjia, Chen Zhen, Huang Feihong, Hong Xiguan, and Jin Yong’s martial arts world were numerous, one after another. At that time, martial arts was a national topic, a cultural export, and the most prosperous era of Chinese Kung Fu.

  Nowadays, Hong Kong films are in decline, and no one makes martial arts films anymore, but the audience is still waiting. As long as someone makes them, like Yuen Woo-Ping and Wu Jing, and takes them seriously, martial arts can make a comeback.

  If "The Bodyguard" becomes successful, it will not only be a victory for a movie, but also a victory for the unique theme of Chinese martial arts films. Let capital see hope, let creators see direction, and let audiences rekindle their enthusiasm for kung fu movies.

  This is the real meaning.

  2 hours ago