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Changshu City will pay full wages to civil servants in digital RMB from May, which can be traded, registered and withdrawn.

2025-01-31 Update From: SLTechnology News&Howtos shulou NAV: SLTechnology News&Howtos > IT Information >

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Thanks to CTOnews.com netizens Rimi Ishihara Happiness, Shenzhen pretty boy, rafting, suitcase clues delivery! CTOnews.com April 23 news, Changshu City Local Financial Supervision Bureau and Changshu City Finance Bureau recently issued a "notice on the implementation of full wage figures in RMB." The notice said that starting from May, RMB will be paid in full for civil servants (including staff members), institutions and state-owned enterprises at all levels in Changshu.

This is a further expansion of the digital RMB compensation scene in Changshu City after civil servants in some regions began to pay transport subsidies in digital RMB in October last year. Changshu, a county-level city hosted by Suzhou, is one of the first digital RMB pilot cities. Changshu has already carried out the construction and promotion of digital RMB scenarios in many fields, including bus travel, medical payment, commercial overpayment, water and gas payment, and many other scenarios.

According to the Daily Business News, in a local hospital in Changshu, whether it is a manual window or a self-service terminal, you can choose digital RMB settlement registration, outpatient fees and so on. Hospital staff also revealed that their salaries next month will be paid in digital RMB. In addition, Changshu Agricultural Bank and other pilot banks also support individuals to use digital RMB withdrawals and loans.

CTOnews.com checked the relevant statistics and found that as of September 2022, more than 7000 stores in Changshu accepted digital RMB payments, with a cumulative transaction value of more than 70 million yuan. In terms of public application scenarios, 7042 enterprises in Changshu have opened digital RMB-to-public wallets and realized the digital distribution of a number of government funds and financial subsidies. Jiangsu Province has also issued the "Jiangsu Digital RMB pilot work Plan", which defines the key tasks and steps of carrying out digital RMB pilot projects in the province, and strives to reach the end of 2025 to form a digital RMB operation and management system with convenient and efficient services, wide application coverage and relatively perfect ecology. In addition to Changshu, Suzhou is promoting the use of digital RMB in many places, and some regions have begun to pilot the implementation of full salary digital RMB payment for public officials.

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