E-yuan uptake disappointing, former PBoC researcher says

Xie Ping argues consumer cash needs already met by other services

Digital revolution: perks of a global Chinese CBDC

Uptake of China’s digital yuan has been disappointing, a former head of research at the People’s Bank of China said. 

Xie Ping, now a finance professor, was speaking at a digital finance conference organised by Tsinghua University. 

Central bank digital currency (CBDC) use has been “low, highly inactive”, Xie said, according to a report by Chinese financial news outlet Caixin. “The results are not ideal.”

Cumulative digital yuan transactions only crossed $14 billion (100 billion yuan) in

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account