Li Lihui: China's launch of legal digital currency may have a certain transitional nature

Today, Li Lihui, the former president of the Bank of China, said at the "Digital Currency Future" seminar held by the National Development Research Institute of Peking University that at this stage, if China launches legal digital currency, it may have a certain transitional nature, focusing on inheritance and substitution, that is, maintaining The current monetary market operation mechanism and monetary policy transmission mechanism have gradually replaced traditional currency instruments and payment instruments.