Huang Zhen, Central University of Finance and Economics: I hope to reflect on our supervision and policies through the plan issued by Libra.

According to the Beijing News, on July 31, Huang Zhen, director of the Institute of Financial Law of the Central University of Finance and Economics, said in an interview that the idea of ​​the central bank to issue digital currency was already deployed when Zhou Xiaochuan was the governor of the People’s Bank of China. And the establishment of the Digital Money Institute, but also has the basic conditions. But what technical support is used for digital currency, and what is the positioning, has not yet been fixed. The transformation and upgrading of financial infrastructure takes time and is very difficult. The central bank must support the institutions that can be controlled to participate, and private enterprises may have difficulty participating. He suggested that supervision should not eliminate innovation because of fear of risk. It should support innovation and encouragement under the premise of preventing and controlling risks or monitoring, as well as effective early warning and prevention and control risks. This is the correct path for our country to build an innovative country. practice. In recent years, in the past few years, we have introduced some policies that may have hurt innovation. I hope that through Libra's plan, our supervision, our policies will be reflected, adjusted, and optimized.