2022 may be e-CNY s breakout By CHEN JIA | China Daily | Updated: 2021-06-23 07:58 Share CLOSE
Digital currency to help maintain monetary sovereignty, says former BOC head
The upcoming 2022 Winter Olympic Games in Beijing will be likely prove to be a breakout phase for China s digital renminbi, or e-CNY, one of the most important tools of the country s central bank to maintain monetary sovereignty in the digital era, an expert said in an exclusive interview with China Daily.
The Winter Olympic Games will be held from Feb 4 to Feb 20 next year, and some entry-exit points, such as the cities of Shanghai, Beijing and Guangzhou in Guangdong province, are expected to be ready for extensive use of digital RMB payments during the Games, said Li Lihui, former president of Bank of China and head of the blockchain research working group at the National Internet Finance Association of China.
2022 may be e-CNY s breakout--China Economic Net
en.ce.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from en.ce.cn Daily Mail and Mail on Sunday newspapers.
2022 may be e-CNY s breakout-Eastday
eastday.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from eastday.com Daily Mail and Mail on Sunday newspapers.
China: WeiyangX Fintech Review
National Internet Finance Association of China: Standardized Cosmetic Surgery-Related Financial Products and Services
The past few years have seen the rapid development of cosmetic surgery in China. In order to better serve their customers, some financial institutions have cooperated with third-party cosmetic surgery agencies to provide related financial services and products (e.g., cosmetic surgery installment plans). Yet, problems like excessive borrowing, lack of transparency, and high pricing have also brought damages to the interests of the consumers.
On June 9
th, the National Internet Finance Association of China (NIFA) released an initiative on cosmetic surgery-related financial products and services. NIFA suggested the financial institutions should not collaborate with illegal cosmetic surgery agencies or provide financial products and services to these agencies.