Secure your digital wallet, stay away from counterfeit scams—CITIC Bank Beijing Balizhuang Branch collaborates with Shilipu South Community to carry out a special campaign to prevent counterfeit digital RMB.

Recently, CITIC Bank Beijing Bali Zhuang Branch, in collaboration with Shili Bao Nanli Community, held a themed publicity event on “Preventing and Combating Fake Digital Renminbi,” targeting vulnerable groups such as middle-aged and elderly residents in the community and college students nearby. The event aimed to promote proper knowledge of digital Renminbi, expose fake apps and pyramid schemes, and help the public strengthen their financial security defenses.

Digital Renminbi is the official digital currency issued by the People’s Bank of China. It has the same legal status and economic value as physical Renminbi. Digital Renminbi adopts a two-tier operation system, where the People’s Bank issues it to designated operating institutions, which are responsible for exchange and circulation transactions. The digital Renminbi wallet supports functions such as scanning QR codes for payments, online payments, tap-and-pay transactions, and mobile number transfers.

The advantages of digital Renminbi include: first, safety. As legal tender supported by national credit, digital Renminbi offers the highest security level. Second, inclusiveness. It features universal accessibility, allowing use without binding a bank account, breaking down digital divides and payment barriers. Third, instantaneous. Transactions and transfers are realized through peer-to-peer value transfer between digital Renminbi wallets, supporting offline network payments. It features “payment as settlement,” reducing the time funds are in transit. Fourth, low cost. Consistent with the management of physical Renminbi, the People’s Bank does not charge designated operating institutions for exchange and circulation services, and these institutions do not charge individual customers for exchanging or returning digital Renminbi.

Currently, criminals are using the name of digital Renminbi to carry out pyramid schemes and scams, setting multiple traps targeting middle-aged and elderly people and college students. The core tactics are highly confusing:

• Receiving a text message claiming your digital Renminbi wallet is abnormal and requiring you to click a link for verification—never click! Delete immediately! Official channels will not handle account issues via SMS links; all unfamiliar links are phishing traps.

• Strangers recommending “digital currency trading for high returns”—do not believe! Reject outright! Digital Renminbi is the digital form of legal currency, with no room for speculative trading.

• Recruiting “digital Renminbi grassroots promoters” to distribute benefits—do not participate! Digital Renminbi operates under a “central bank - digital Renminbi business operating institution” dual-layer structure, promoted by authorized institutions, commercial banks involved in operations, and their partner financial institutions. No private promotion centers or promoter exams and certification exist.

• Receiving a call claiming to be a bank customer service representative offering to upgrade your wallet and asking for your mobile verification code—do not give! Hang up immediately! Official channels will never ask for your verification code for any reason. The code is critical for fund security; leaking it can lead to wallet theft.

• Someone in a group claiming that digital Renminbi can be “exchanged privately” at better rates than official channels—do not participate! Beware of traps! Digital Renminbi is the digital form of Renminbi, supported at pilot region outlets or ATMs for deposits and withdrawals. Private exchanges are unguaranteed and likely scams designed to induce transfers.

At the event site, staff from CITIC Bank Beijing Bali Zhuang Branch explained cases and engaged in interactive Q&A, guiding the public to distinguish real from fake. When downloading the digital Renminbi app, verify official channels and avoid clicking unknown links or scanning unrecognized QR codes. Remember the “Three Noes and One More” principle: do not trust unfamiliar calls, do not click unknown links, do not disclose personal information, and verify before transferring funds. For elderly groups, focus on basic operations such as downloading, linking cards, and payments to eliminate the “digital divide.” For college students, remind them to be cautious of online兼职、校园推广骗局，保护生活费和助学金。

To help residents firmly guard their “money bags,” the event summarized the “Five No” principles for scam prevention:

• No panic—stay calm when facing calls claiming to be from authoritative agencies;

• No clicking—avoid clicking unfamiliar links;

• No revealing—do not disclose passwords or verification codes, refuse to share screens;

• No installing—only download the digital Renminbi app from official app stores or websites;

• No believing—be wary of promises of “investment cashback” or “trading profits.”

This bank-community joint publicity effectively enhanced the scam prevention ability of vulnerable groups. CITIC Bank Beijing Bali Zhuang Branch will continue to uphold the concept of serving the people with finance, regularly carry out anti-fraud publicity, engage with communities, campuses, and merchants, promote knowledge of digital Renminbi and anti-fraud measures, and safeguard the financial safety of the public, maintaining a clean financial environment.

(Editors: Wang Lei)

【Disclaimer】【Advertisement】This article only reflects the author’s personal views and has no relation to Hexun. Hexun website remains neutral regarding the statements and opinions in the article and does not guarantee the accuracy, reliability, or completeness of the content. Readers should use it as a reference and bear all responsibilities themselves. Email: news_center@staff.hexun.com