The People's Bank of China: unswervingly promote the research and development of legal digital currency

Source: People's Bank of China official website

Editor's Note: The original title was "People's Bank of China Holds 2020 National Conference on Currency, Gold, Silver and Security Work Video Conference"

On April 3, the official website of the People's Bank of China published the article "The People's Bank of China Holds a 2020 National Video, Gold, Silver, and Security Work Video and Telephone Conference." The contents are as follows:

On April 3, 2020, the People's Bank of China held a 2020 national telecom conference on currency, gold, silver and security work in Beijing. The meeting comprehensively summarized the achievements of currency, gold, silver and security work since 2019, analyzed the current situation and challenges in depth, and made plans for key tasks in 2020. Fan Yifei, member of the Party Committee of the People's Bank of China and deputy governor, attended and addressed the meeting.

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The meeting fully affirmed the achievements made in currency, gold, silver and security work since 2019. Under the leadership of the Party Committee of the People's Bank of China, the People's Bank of China's goods and security system actively take actions to continuously improve the quality and level of cash services. Successfully issued the 2019 version of RMB, and deepened the construction of a cash service demonstration area to further improve the cleanliness of RMB in circulation. Steady progress was made in reform and innovation in key areas, and statutory digital currency research and development work was carried out steadily. Effectively strengthen the issuance of the issuance bank and the issue fund guard escort management, and deepen the reform of the security system and the transformation of the banknote processing business. Study and carry out large-scale cash management pilots and continue to rectify rejected cash. Vigorously improve the management of cash machines and tools, and increase the intensity of counterfeit currency crimes. Since the outbreak of the New Coronary Pneumonia epidemic, the cash and security system has strengthened cash supply and circulation management to ensure the safety of cash supply and use.

The meeting pointed out that to do a good job in cash and security work, we must firmly grasp the people's livelihood, and effectively improve the ability to serve the real economy and service high-quality development, especially the ability to accurately determine the total amount of cash supply and meet the structural differences in cash demand at multiple levels Ability and adaptability of cash services in the digital economy. Continue to promote business transformation, implement the State Council's "delegation of service" work plan, strengthen the governance system and governance capacity building. To further prevent internal and external management risks, strengthen system implementation, supervision, inspection and accountability for problems.

The meeting demanded that the People ’s Bank ’s cash and security system should be guided by Xi Jinping ’s new era socialism with Chinese characteristics, fully implement the decision-making and deployment of the Party Central Committee and the State Council, and continue to deepen the transformation of cash and security business in accordance with the work requirements of the Party Committee of the Head Office and continuously improve cash. Service and management level. One is to strengthen the top-level design, unswervingly advance the research and development of legal digital currency, systematically promote the reform of cash issuance and return systems, and accelerate the promotion of banknote processing business, issuance of bank guards and issuance funds. The second is to organize the implementation of market-oriented issuance of ordinary commemorative coins, to create a clean, safe and harmonious cash circulation environment, to improve the working mechanism of anti-counterfeit currency, to promote the study of currency history and non-standard gold and silver inventory, and to strengthen the guidance of the coin market And management. The third is to focus on system governance, steadily advance the pilot of large amount cash management, and comprehensively improve the internal management level.

The meeting emphasized that the cargo funds and the security system should insist on placing political construction in a more prominent position. We must unify our thinking and understanding, adhere to the bottom line of thinking, effectively strengthen the building of the party's work style and clean government, strictly implement the spirit of the eight central regulations, and establish a clean and honest, courageous, and sophisticated business security team.

Relevant bureaus and units of the People's Bank, branches at all levels, the Discipline Inspection and Supervision Group of the Central Commission for Discipline Inspection, the People's Bank of China, and relevant responsible comrades of large state-owned commercial banks participated in the meeting.

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