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
3 billion 55 crores damage to agriculture and livestock sector across the country due to rain
Kathmandu. The Ministry of Agriculture and Livestock Development has said that due to the heavy rains that occurred last October, there was a loss of 3.55 billion in the fields of agriculture and animal husbandry acros...
A decline of 27.64 points in NEPSE, limited to 5.15 billion
Kathmandu. On the third trading day of the week, the stock market NEPSE index fell by 27.64 points to 2595.24. In NEPSE, 134 lakh 3 thousand 898 shares of 322 companies were bought and sold on this day, and over 5.15 b...
Fall in gold prices, how much per tola on Friday?
Kathmandu. The price of gold has decreased in Nepali market today. Gold tola has fallen by two thousand rupees. According to the Nepal Gold and Silver Business Federation, gold is being traded at 258,400 rupees per tola today.
On the other h...
Improvement in both import and export in the three months of the current year, trade deficit increased by 12.2 percent
Kathmandu. Imports and exports have increased in the first three months of the current financial year. According to the data published by Nepal Rastra Bank, compared to the same period of the last financial year, expor...
With the beginning of Tihar, the buying and selling of flowers increased, Nepal is becoming self-sufficient in flower business
Kathmandu. With the beginning of Tihar, the second biggest festival of Nepalese, the buying and selling of flowers has increased rapidly. In Tihar, which is a festival of flowers and colors, there is a lot of use of flowers from worship to various...
Real estate transactions in Bagmati state are falling, revenue collection is down by 23.6 percent
Kathmandu. A study report has shown that revenue has been affected due to continuous decline in real estate transactions in Bagmati province. According to the economic activity study report published by Nepal Rastra Bank, it has been seen th...