2020年5月中國數位人民幣(Digital Currency/Electronic Payment「DC/EP」)透過國內四大銀行上線測試。對於行動支付普及的中國，此一舉動是否將告別發行72年歷史的人民幣紙鈔?對中國的金融市場又將產生甚麼樣的衝擊?
本研究針對數位人民幣的發行對下列中國金融市場的衝擊進行探討:
1. 數位人民幣對數位金融應用的影響
2. 數位人民幣對貨幣及運行模式的影響
3. 數位人民幣對第三方支付機構的影響
4. 數位人民幣對商業銀行的影響
2020年遭逢Covid-19病毒的侵襲，各國以接近鎖國的方式來杜絕病毒的擴散，本研究在不可抗的因素下無法前往實地採訪和蒐集數位人民幣的初始資料而改採用公開次級資料做為本研究的資料來源並加以歸納、分析。有鑑於初始資料的取得不易，本研究最後採個案探討方式針對以上所列四點產生的衝擊提出見解做為一般讀者在了解數位人民幣於中國金融科技市場的基本參考。

In May 2020，China’s e-RMB (Digital Currency/Electronic Payment-DC/EP) was officially launched through four major domestic banks to the market where the mobile payments have had high coverage throughout the nation. Will this move bid farewell to the issuance of RMB banknotes back in 72 years ago? And what kind of impact will be on China fintech market?
This study focuses on the impact to the following applications right after issuing e-RMB :
1. The imptact to fintech applications.
2. The impact to monetary policy and operating mode.
3. The impact to third-party payment institutions.
4. The impact to commercial banks.
As Covid-19 virus spreading around the world , it is tough to visit and collect initial data from China instead of gathering secondary data from public. As a results, the research can only be treated as a case study which is good for a general readers who want to learn the impact of DC/EP on China fintech markets at the first place.

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