China to launch new action plan to strengthen digital currency management and operations
-
Media Baaji
- Mon, 29 December 2025
Kathmandu. China has announced that it will launch a new 'action plan' to strengthen the management and operation of its digital currency from January 1. Lu Lei, the deputy governor of People's Bank of China PBOC, the country's central bank, gave this information on Monday. Writing in Financial News, a media outlet under the central bank, Deputy Governor Lu said that the digital yuan of the future will be developed as a means of modern digital payment and circulation. According to him, the digital yuan will be issued and circulated within the financial system and it is expected to make the existing payment structure more efficient.
He informed that the 'new generation' system will be implemented from January 1 as the next important step in the development of digital yuan. The system will cover measurement framework, management structure, operational mechanism and overall ecosystem. It aims to make the use of digital yuan more systematic and widespread. Under the announced action plan, banks will provide interest on the balance kept by the customers in the digital yuan account. This is seen as an important incentive to increase the use and acceptance of digital yuan.
The plan also includes a proposal to establish an international digital yuan operations center in the eastern financial center of Shanghai. It is expected to help promote the digital yuan internationally and increase its use in cross-border payments.
Related News
Nirmal Dhakal has been appointed as the head of the Asset Clearance Department
Kathmandu. Joint Secretary Nirmal Dhakal has been appointed as Director General of Asset Laundering Investigation Department. He was made the director general who was working as the deputy director general of the department.
The previous Dir...
Prepare to differentiate household and commercial cylinders to eliminate gas shortage, offer up to 50 kg
Prepare to differentiate household and commercial cylinders to eliminate gas shortage, offer up to 50 kg
Kathmandu. In order to solve the long-term shortage of LP gas for frequent cooking, the Ministry of Industry, Commerce and Supply...
Tourist activity is increasing in Kanchenjunga, local tourism business is excited
Kathmandu. With the arrival of tourists in the Kanchenjunga region, the third highest mountain in the world, enthusiasm has been added to the local tourism business. As the weather becomes favorable, the movement of domestic and foreign tourists h...
Asset confiscation, bank account freezing and foreign travel ban if the co-operative fund is not returned
Kathmandu. To make the cooperative sector more orderly, transparent and accountable, the government has brought forward a new process through the bill. The government passed the Cooperatives First Amendment Bill, 2083 in the House of Representativ...
Nepal's emphasis on strengthening the United Nations development system
Kathmandu. Nepal has emphasized on the need to strengthen the United Nations development system. Nepal is of the opinion that it is necessary to do so to ensure multilateralism. Lok Bahadur Thapa, Permanent Representative of Nepal to the United Na...
Cabinet decision to increase police ration scale
Kathmandu. The decisions of the cabinet meeting held on Thursday have been made public. Home Minister and Government Spokesperson Omprakash Aryal announced the decisions of the meeting and informed that various important decisions were made.