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
Tortoise speed of budget implementation in Karnali Province: Development expenditure under 20% in 8 months
Surkhet. Even though the Karnali state government has passed the two quarter period of the current financial year, it has not been able to show encouraging results in the implementation of the budget. After the end of 8 months of February of the f...
What is the exchange rate of foreign currency on Wednesday?
Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for today. According to Rashtra Bank, today the buying rate of one US dollar has remained at 141 rupees 42 paisa and the selling rate ha...
11 km Nagadhunga-Malekhu section under Prithvi Highway is blacked out
Chitwan. Under Prithvi Highway, 11 km Nagdhunga Malekhu section has been blacked out. Last year eight kilometers were blacked, this year three more kilometers were blacked. According to Vijay Darai, Engineer of Nagadhunga Muglin Road Project, unde...
The amount of contribution to the social security fund reached one billion
Kathmandu. The amount of contribution to the social security fund, which the government has started to bring the citizens under the scope of social security, has reached nearly one billion. According to the fund, so fa...
Electricity and water lines were cut in 63 industries on the same day
- Kathmandu. Industrial Area Management Limited cut the water and electricity lines of 63 industries in one day. After not paying the rent and fees even using the government land, buildings and infrastructure of the industrial area for a long t...
Adding date of commercial production of hydropower projects
Kathmandu. The Nepal Electricity Authority has prepared to add RCOD to the final date for starting commercial production of hydropower projects that have not been able to start commercial production due to various reasons despite the PPA.
Th...