Economic Daily: The digital renminbi has fully met the conditions for cross-border transactions

Our newspaper, Beijing, April 1 (Reporter Yao Jin) Liu Guiping, deputy governor of the People's Bank of China, introduced at the press conference of the State Council Information Office on the 1st that promoting coordinated regional development is an important basis for accelerating the formation of a new development pattern, and it is also a harmonious, harmonious society. An important guarantee for political stability and sustainable economic development. In the next step, the People's Bank of China will continue to increase financial support for coordinated regional development, and promote the formation of a regional financial reform pattern with dislocated development, each with its own characteristics, and a variety of highlights.

Continue to increase financial support for major national regional development strategies. The People's Bank of China will continue to promote financial support for the coordinated development of the Beijing-Tianjin-Hebei region, the development of the Yangtze River Economic Belt, the construction of the Guangdong-Hong Kong-Macao Greater Bay Area, the integration of the Yangtze River Delta, the ecological protection and high-quality development of the Yellow River Basin, and the construction of the Chengdu-Chongqing Twin-City Economic Circle. This measure was implemented to improve the quality and efficiency of financial services for the real economy and coordinated regional development.

Expert: Blockchain and other new generation digital technologies are increasingly integrated with the real economy: According to news on April 13, experts said that China's digital economy has developed rapidly in recent years, with the Internet, big data, cloud computing, artificial intelligence, blockchain, and things The new generation of digital technology represented by the Internet and the real economy is increasingly integrated. In the context of fighting the epidemic, China is transforming the impact of the epidemic into a driving force for economic transformation, cultivating and expanding new momentum for the digital economy, accelerating the leverage of the "new infrastructure" engine, and stimulating the potential of the new economy. (People's Daily Overseas Edition)[2020/4/13]

When talking about the progress of the digital renminbi cross-border project, Wang Xin, director of the Research Bureau of the People's Bank of China, introduced that my country's digital renminbi is mainly designed for domestic retail payments, but when the conditions are ripe and the market demands it, digital renminbi can be used for payment. Cross-border transactions are also possible. In the early stage, the Digital Currency Research Institute of the People's Bank of China and the Hong Kong Monetary Authority conducted a technical test on the cross-border use of digital renminbi in the mainland and Hong Kong. This is a routine research and development test for the renminbi pilot. Domestically, the digital renminbi is being trialled in multiple regions. Wang Xin said that generally speaking, the responses from participating organizations and regions are positive and positive. In the next step, the People's Bank of China will further promote the digital renminbi pilot and accumulate more experience.

Voice | Economic Daily: Shenzhen Accelerates the Construction of "Digital Government": On December 31, the Economic Daily published an article "Shenzhen Accelerates the Construction of "Digital Government"". The article pointed out that at present, Shenzhen is facing a major historical opportunity to build the Guangdong-Hong Kong-Macao Greater Bay Area and the leading demonstration zone of socialism with Chinese characteristics. Take the lead in the new era and be a pioneer in the new journey. In addition, in order to promote the transformation of "digital government", the Shenzhen Municipal Taxation Bureau of the State Administration of Taxation conducted in-depth research on the "pain points" that have long troubled the masses and corporate invoices. Through "system + technology" innovation, a full-process electronic blockchain invoice system was created to provide Assist in the transformation of "digital government", build a pioneering demonstration area, and promote the modernization of taxation governance to contribute to the "Shenzhen Plan". [2019/12/31]

When talking about the stability of the currency value, Sun Guofeng, director of the Monetary Policy Department of the People's Bank of China, believes that the stability of the currency value has both internal and external implications. The internal meaning needs to maintain price stability, and the main currency gate must be managed well. In recent years, the People's Bank of China has promoted the reform of the quoted interest rate in the loan market, or LPR, and the efficiency of monetary policy transmission has been significantly improved. The external meaning is to maintain the basic stability of the RMB exchange rate at a reasonable and balanced level. To this end, it is necessary to enhance the flexibility of the RMB exchange rate, strengthen the macro-prudential management of cross-border capital flows, guide social expectations, and grasp the balance between internal equilibrium and external equilibrium.

News | Economic Daily: The digital economy supported by information technology such as blockchain has entered a stage of rapid development: The Economic Daily published an article today "Information infrastructure construction has become a new fulcrum to stimulate the economy". The article mentioned that at present, my country is cultivating and developing new economic Kinetic energy, the digital economy supported by new generation information technologies such as cloud computing, big data, artificial intelligence, Internet of Things, and blockchain has entered a stage of rapid development. important engine. [2019/3/5]

Zou Lan, director of the Financial Market Department of the People's Bank of China, responded to the issue of manufacturing investment. Zou Lan said that in 2020, manufacturing investment will drop by 2.2% year-on-year. There are many reasons. First, it is affected by the external economic environment and the epidemic situation. Second, it is related to the adjustment of industrial structure. Third, the investment needs of manufacturing companies themselves have undergone some changes. . Zou Lan introduced that in recent years, the People's Bank of China has strengthened macro-prudential assessment, strengthened policy coordination and cooperation, and worked with other financial management departments to take multiple measures to promote a substantial increase in medium and long-term loans to the manufacturing industry. At the end of February this year, the balance of medium and long-term loans to the manufacturing industry was 5.62 trillion yuan, a year-on-year increase of 38.8%. is gradually emerging.

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