Cheng Hua, Renmin University: There are three main voices in the country, such as the introduction of the central bank’s digital currency, to meet the challenges of Libra.

According to, the “Financial Technology Innovation, Supervision and Rule of Law Seminar” hosted by the Internet Finance Legal Practice Research Center of the Shanghai Law Society Financial Law Research Institute was held in Shanghai. Cheng Hua, an associate professor at the School of Economics of Renmin University of China, said that there are three main voices in the country to deal with the challenges brought by Libra: the first is whether more large domestic companies such as Ali and Tencent can join Libra's 100 member systems; The second voice is to speed up the launch of the central bank's digital currency; the third voice is that China's domestic large Internet companies must jointly establish a coalition chain.