Former Bank of China Governor Li Lihui: Making Digital RMB the World’s Best Central Bank Digital Currency

The former Governor of the Bank of China, Li Lihui, said at the first “2021 West Coast Fintech Frontier Forum” that “we should make the digital yuan the best central bank digital currency in the world, on the one hand, to ensure the scale and reliable application of the digital yuan in the highly concurrent market, and on the other hand, to speed up the construction of the digital financial system. On the other hand, we should accelerate the construction of the digital financial system, urgently formulate the financial system such as digital financial supervision, digital currency regulation and legal digital currency issuance, and actively participate and actively fight for the right to speak in the construction of the global digital financial system and rules.”