Deng Jianpeng: Based on China's special advantages, China is entirely likely to launch a system similar to Libra.

On August 10th, Securities Daily published the article “Libra's Potential Risk and China's Countermeasures” by Deng Jianpeng, a professor at the Central University of Finance and Economics Law School. The article stated that China should respond promptly to Libra's possible risks and shocks in the future. If China can make full use of its existing advantages, it is possible to turn China into the world's leading payment and digital currency system in the future, and on this basis, form new financial infrastructure and ecological scenarios. Based on China's special advantages, China is entirely likely to launch a system similar to Libra.