Shanghai University of Finance and Economics, Jun Junyang: Some of Libra's goals and assumptions, China can gradually learn from the digitization of the renminbi

Recently, the deputy director of the Modern Finance Research Center of Shanghai University of Finance and Economics, Jun Junyang, accepted an interview with “Management 100”. Libra’s revelation to us is that the future form of money is not necessarily the current electronic currency based on the physical currency. Currency or sovereign currency can also be in digital form or digital currency. It is on this point that the People's Bank of China is studying that in the near future, it is possible that China's legal renminbi digital currency will also emerge. But this currency is still the renminbi, but it is a digital currency. Libra's goals and assumptions, China can gradually learn from the digitization of the renminbi, drawing on some of its applicable elements, making the renminbi as a digital currency, to some extent, what Libra wants to achieve.