Huitianfu Fund Leads the Way in Digital RMB Payment, Driving Digital Transformation in the Public Mutual Fund Industry

Huitianfu Fund Leads the Way in Digital RMB Payment, Driving Digital Transformation in the Public Mutual Fund IndustryHuitianfu Fund recently announced the official launch of its digital RMB payment service, becoming the first public mutual fund company in China to support wealth management services using digital RMB. This achievement, accomplished with strong support from the China Securities Regulatory Commission and the People's Bank of China Digital Currency Institute, is a significant outcome of joint innovation in financial technology by Huitianfu Fund and Bank of Communications

Huitianfu Fund Leads the Way in Digital RMB Payment, Driving Digital Transformation in the Public Mutual Fund Industry

Huitianfu Fund recently announced the official launch of its digital RMB payment service, becoming the first public mutual fund company in China to support wealth management services using digital RMB. This achievement, accomplished with strong support from the China Securities Regulatory Commission and the People's Bank of China Digital Currency Institute, is a significant outcome of joint innovation in financial technology by Huitianfu Fund and Bank of Communications. It marks another breakthrough in the application scenarios of digital RMB in wealth management and provides valuable experience for the public mutual fund industry in writing a successful "digital finance" chapter.

The successful implementation of this cooperation not only provides users with digital RMB wallets a more convenient way to subscribe to and redeem funds, but also significantly improves payment settlement efficiency and safeguards investor funds. Users can simply use their digital RMB wallets to complete fund transaction payments through the Huitianfu Fund "Cash Treasure" APP, experiencing a smoother and more efficient investment process.

The advantages of this innovative application scenario are primarily reflected in the following three aspects:

1. Diverse and Convenient Payment Tools to Meet Diversified Investment Needs. A Huitianfu Fund business executive stated that the launch of this new digital RMB application scenario aims to enhance the experience of existing users, address the pain point of cumbersome procedures for binding multiple bank cards, and attract more investors interested in digital RMB to participate in the new revolution in financial technology. As a new payment tool, digital RMB offers investors more choices, more comprehensively meeting their diverse investment needs and improving the convenience of the investment experience. Traditional payment methods often require binding multiple bank cards, which is cumbersome, while digital RMB payments simplify this process and improve efficiency.

2. Significantly Improved Payment Settlement Efficiency. The "payment is settlement" characteristic of digital RMB significantly shortens the capital turnover time and improves capital utilization efficiency. Traditional payment methods often require multiple stages of clearing and settlement, resulting in lengthy processes, while digital RMB can directly complete payment and settlement, greatly improving capital turnover efficiency. This is particularly important for time-sensitive businesses like fund transactions. With continuous service optimization, clients will be able to allocate funds more flexibly and better adapt to market changes.

3. Effective Protection of Investor Funds Security. Digital RMB has features such as "smart contract loading," "traceability," and "inability to be illegally copied or forged," providing more reliable protection for investor funds. Huitianfu Fund has always placed a high priority on customer fund security and actively implements anti-money laundering measures. The launch of the digital RMB service in cooperation with Bank of Communications further enhances user account security, effectively combating illegal transactions, and creating a safer and more reliable investment environment for investors. These characteristics of digital RMB effectively compensate for the shortcomings of traditional payment methods in terms of security and supervision, providing investors with stronger security guarantees.

Expansion of Digital RMB Application Scenarios and Writing the "Digital Finance" Chapter

The launch of the digital RMB payment service by Huitianfu Fund and Bank of Communications is of significant importance to the expansion of digital RMB application scenarios and is another concrete practice by the public mutual fund industry in striving to write a successful "digital finance" chapter. The digital RMB-based payment system developed for this project provides users with a new payment method, expands the application range of digital RMB in the financial field, and has broader extension prospects. Furthermore, the project has pioneered a fund transaction scenario based on digital RMB payments within the fund industry, further enhancing user transaction experience and meeting the growing diversified investment needs of investors.

More importantly, the business processes and interface specifications developed for this project are replicable and can be quickly connected to multiple banks. This facilitates cooperation between banks and fund companies and ultimately optimizes the user experience. In the future, if multiple banks and fund companies adopt this business model, customers can use digital RMB from any bank for fund payments, further improving the popularity and convenience of digital RMB.

Huitianfu Fund's Continuous Exploration in Financial Technology

Huitianfu Fund has long considered information technology a strategic core, continuously increasing its investment in financial technology, actively applying advanced concepts, technologies, and tools, and continuously improving its digitalization level. For over a decade, Huitianfu Fund has diligently built the phenomenal digital financial productHuitianfu Cash Treasurebecoming one of the largest independent e-commerce platforms in the industry. This reflects Huitianfu Fund's emphasis on technological innovation and its deep accumulation and strength in the field of financial technology.

It is noteworthy that Huitianfu Fund recently also pioneered the deployment of the DeepSeek large model and successfully launched the "DeepSeek in Cash Treasure" service, achieving the implementation of the AIAgent intelligent agent. Its Fintech department's rapidly formed "deepfund" AI team is using AI large models to comprehensively improve the operational efficiency and user experience of the fund e-commerce platform. In the future, how Huitianfu Cash Treasure will utilize cutting-edge AI technology to provide investors with warmer and more intelligent financial services is worth anticipating.

Future Outlook: Deepening the Application of Digital RMB in Wealth Management

Huitianfu Fund stated that it will continue to strive to promote the deep integration of financial technology and traditional fund businesses and cooperate with more financial institutions to jointly optimize the digital RMB ecosystem and provide investors with better services. This indicates that Huitianfu Fund will continue to cultivate the digital RMB field, explore more innovative application scenarios, further enhance user experience, and promote the popularization and development of digital RMB in wealth management. In the future, we can expect the application of digital RMB in more wealth management scenarios, bringing investors a more convenient, secure, and efficient investment experience. This is not only the direction of Huitianfu Fund's efforts but also an inevitable trend in the digital transformation of the entire financial industry. Through continuous innovation and cooperation, digital RMB is expected to play an increasingly important role in the Chinese financial market. The successful practice of Huitianfu Fund provides valuable experience and reference for other financial institutions and lays a solid foundation for promoting the widespread application of digital RMB and building a more perfect digital financial ecosystem.