Hu Jie of Shanghai Jiaotong University: Suggests that China consider issuing new sovereign digital currency at an appropriate time

On January 17, Hu Jie, a professor of practice at the School of Advanced Finance of Shanghai Jiao Tong University, published an article entitled "The Impact of New Digital Currency on the International Currency Competition Pattern". Among them, the new sovereign digital currency has little impact on the international currency competition pattern, and only has the significance of technical reserves; the super-sovereign digital currency has a significant impact on the international currency competition pattern, which needs to be taken seriously; it is recommended that China consider issuing super-sovereign when appropriate New digital currency to accelerate the internationalization of RMB.