Essence Securities: The issuance of central bank digital currency can seek investment opportunities around three main lines

According to the First Financial News, on September 24, the People’s Bank of China Governor Yi Gang responded at the press conference that the People’s Bank of China has been studying digital currency since 2014 and has made positive progress. Essence Securities believes that the issuance of central bank digital currency will inevitably bring subversive changes to the existing financial market and create new business opportunities. It is recommended to look for investment opportunities around the three main lines: (1) the issuance process – the bank IT supplier. (2) Circulation links—wallet service providers and payment service providers. (3) Management link – security encryption, KYC certification.