Pan Gongsheng: Further optimize the management system of digital renminbi

ChainCatcher News: At the 2025 Financial Street Forum Annual Conference, Pan Gongsheng, the Governor of the People's Bank of China, stated that the digital renminbi is a legal digital currency issued and regulated by the central bank, compatible with emerging technologies such as distributed ledger.

After steady progress in recent years, the digital renminbi ecosystem has been initially established. In the next step, the People's Bank will further optimize the management system of the digital renminbi, study and refine its positioning within the monetary hierarchy, and support more commercial banks to become operational institutions for digital renminbi business.