Mu Changchun: Digital RMB needs to be reformed and upgraded in theory and practice

Odaily Planet Daily News Mu Changchun, director of the Digital Currency Research Institute of the People's Bank of China, said that it is necessary to reform and upgrade the digital RMB at the theoretical and practical levels. At the macro level, it is necessary to improve the ability of currency derivation, and at the micro level, it is necessary to achieve the consistency of responsibilities and rights of all parties. He pointed out that if residents and enterprises hold assets that do not generate interest for a long time, it will lead to the loss of time value of the currency. In the future, we will provide more complete monetary services for the real economy through technical means such as currency strings and global unified account books. (China Finance Forum for Forty People)