Shulou(Shulou.com)12/24 Report--

CTOnews.com, November 30, China Development Bank announced that a few days ago, the China Development Bank successfully granted the country's first batch of digital RMB student source credit loans in Suzhou, cooperating with settlement agencies to issue 186000 yuan of national student loans to 13 students from Suzhou University, Suzhou University College of Applied Technology and Changshu Institute of Technology.

This release realizes the application of digital RMB intelligent contracts for banks, students and universities based on loan settlement scenarios, from loan issuance to student tuition payment, the whole process is in the form of digital RMB. This is not only a positive result of the application of digital RMB in the field of education, but also an innovative practice that promotes the deep integration of inclusive finance and digital finance.

According to reports, the digital RMB has the characteristics of high convenience and strong security, and has outstanding advantages in the whole scene payment and the protection of user privacy. Suzhou is one of the first digital RMB pilot cities in the country. In the first half of this year, the Suzhou Branch of the Development Bank, together with the Suzhou Municipal Bureau of Education and the agency settlement agency, conducted a survey and visit to Suzhou universities on the promotion and application of digital RMB. The survey found that colleges and universities in Suzhou have built a mature application ecology of digital RMB, and students also have a high degree of acceptance of digital RMB. Based on this, the Suzhou Branch of the Development Bank has launched a pilot project of digital RMB student source loan for first-time loan students studying in Suzhou universities.

"through the smart contract function of digital RMB, student loans can be given priority to pay tuition fees and accommodation fees." Gu, a teacher from the Department of Learning and Engineering of Suzhou University, said, "to participate in this pilot work, colleges and universities only need to maintain the public digital RMB wallet information in the system, and the work flow is almost the same as the issuance of student loans in the past. it also ensures that the loan funds are dedicated, which can be said to be a convenient 'painless switching' attempt."

As one of the pilot universities, Suzhou University has achieved full coverage of digital RMB functions in all kinds of scenes on campus, and teachers and students can easily complete a series of operations such as digital RMB wallet application, cash withdrawal, consumption, reimbursement, payment and so on. Chen of Suzhou University, who received the student loan, said that the digital RMB is easy to use, can be used across platforms, can save cash withdrawal fees, and can also be used when the mobile phone has no electricity, no network, etc., which is very convenient. "after I finished running the day before yesterday, my phone had no battery, but I still used the 'touch' payment function of digital RMB to buy mineral water in the school supermarket. It felt great."

"the research and development and multi-scenario application of digital RMB have improved the convenience, security and anti-counterfeiting level of retail payment, and effectively promoted the development of China's digital economy." Feng Bo, dean of the School of Business of Suzhou University, believes that the principle of "small anonymity and traceability of large amounts in accordance with the law" of digital RMB protects personal information and privacy through law, so that consumers' identity information, payment preferences and other data can be effectively protected. "the issuance of digital RMB student loans will help to popularize financial security knowledge to school students and help them avoid traps such as bad online loans." Feng Bo said.

China Development Bank is the main undertaking bank of national student loan, and Suzhou Branch of Development Bank is the only financial institution to set up credit student loan in Suzhou area. CTOnews.com learned from the announcement that so far, the Suzhou Branch of the Development Bank has issued a total of 32.855 million yuan in state student loans to students in Suzhou, helping 2360 students from poor families in Suzhou realize their college dreams; the Development Bank has granted 1.76 billion yuan in state student loans to more than 98000 students from 30 colleges and universities in Suzhou.

A relevant person from the Development Bank said that in the next step, under the guidance of relevant departments, the Development Bank will, in conjunction with colleges and universities, continue to do a good job in the application and promotion of digital RMB in the national student loan scenario, and explore to further expand the intensity and scope of support. let more students from families with financial difficulties enjoy more high-quality financial services.

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