Recently, the news of "one place using digital RMB to pay wages" has sparked widespread discussion. According to Shanghai Securities News, the Local Financial Supervision and Administration Bureau of Changshu City and the Finance Bureau of Changshu City in Jiangsu Province have recently issued a notice on implementing the full payment of wages in digital RMB. The notice states that starting from May, full payment of wages in digital RMB will be implemented for Changshu's civil servants (including participating employees), public institutions, and personnel of state-owned enterprises at all levels. What is the experience of receiving salary in the form of digital RMB? "Many netizens are curious. Many places use digital RMB to pay salaries, which refers to employers distributing employees' salaries in digital RMB to their personal digital currency wallets. In fact, since last year, multiple cities have already made such attempts. For example, last year, Taicang City, Jiangsu Province implemented the issuance of RMB wages on behalf of others. According to the official account of "Taicang Finance", in July 2022, the staff of 59 municipal departments, 8 administrative institutions subordinate to districts and towns, as well as the staff of state-owned enterprises in Taicang City will use digital RMB to pay wages in full. Several districts within Suzhou city are also actively promoting the issuance of wages in digital RMB. According to media reports, in March 2022, 64 new applicants for compensation subsidies for high-level talents in key industries in Xiangcheng District, Suzhou received talent subsidies distributed through digital RMB, totaling 235000 yuan. In June of the same year, the in-service staff of Wujiang East the Taihu Lake Lake Resort (the Taihu Lake New Town) received the first 200 yuan digital salary from the unit. The General Office of the People's Government of Jiangsu Province released the "Jiangsu Province Digital RMB Pilot Work Plan" this year, which mentions gradually exploring the use of digital RMB by financial budget units and state-owned enterprises and institutions for daily fund collection and payment, focusing on public sector applications such as financial payments, government procurement, public resource transactions, tax payment, social security, education and healthcare. Not only Jiangsu, but also multiple provinces across the country are trying to distribute wages in digital yuan. According to media reports, in February 2023, Bank of Communications Shandong Branch successfully launched Jinan Publishing Co., Ltd.'s first municipal state-owned enterprise digital RMB salary agency business in Jinan. In August 2022, Ningbo was one of the first administrative institutions to receive salaries in digital RMB. Five administrative institutions, including the Cixi Municipal Finance Bureau and the Financial Development Service Center, received partial salaries in July for 557 employees in digital RMB. In response, Dong Ximiao, the chief researcher of Zhaolian, stated in an interview with China New Finance that paying salaries to public officials in the form of digital RMB, from point to face, continuously expanding the application scenarios of digital RMB, helps to change public attitudes, cultivate usage habits, and further promote the application and promotion of digital RMB. Next, there may be more places promoting the use of digital RMB for salary distribution. What is the difference in receiving digital RMB wages? The digital renminbi is accelerating its integration into daily life, and the phenomenon of "wages becoming digital currency" has made many people curious. What is special about using digital renminbi to receive wages? What kind of experience is it? We have been using digital RMB to pay salaries for a year, "Yi Fei (pseudonym) from Hunan told China New Finance. Yifei's location
Edit：Hou Wenzhe Responsible editor：WeiZe
Source：chinanews.com
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