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The central bank Fan Yifei: in the future, it will timely promote the expansion of the scope of digital RMB pilot projects.

2025-03-26 Update From: SLTechnology News&Howtos shulou NAV: SLTechnology News&Howtos > IT Information >

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CTOnews.com, September 20, according to the Shanghai Securities News, on September 19, Fan Yifei, member of the party committee and vice governor of the people's Bank of China, said at the "opening ceremony of the second Yangtze River Delta Digital Financial Industry Innovation week and Suzhou Financial support Industrial Innovation Cluster Development Conference" that in the future, the pilot scope of Shenzhen, Suzhou, Xiongan and Chengdu will be expanded to the whole province step by step.

CTOnews.com learned that when talking about the pilot situation of digital RMB, Fan Yifei said that at present, digital RMB has formed a number of models covering both online and offline, replicable and promotable models in terms of wholesale and retail, catering, cultural travel, and government payment. Users, merchants, and transaction scale are growing steadily, and the market response is enthusiastic. He said that in the next step, for Shenzhen, Suzhou, Xiongan and Chengdu, where the pilot was first carried out, the people's Bank of China will timely promote the gradual expansion of the scope of the pilot to the whole province, promote continuous innovation in the application scene of digital RMB, and constantly improve the ecosystem, so as to blaze a path for the development of legal tender with Chinese characteristics.

Fan Yifei also said that it will strengthen the control of key core technologies in the financial system, give full play to the multiplier effect of financial infrastructure, and promote two-way empowerment of the financial industry and the technology industry.

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