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Home / South China Morning Post / China’s e-yuan like ‘a double-edged sword’, and mishandling it carries considerable financial risks

China’s e-yuan like ‘a double-edged sword’, and mishandling it carries considerable financial risks

Summary:
[unable to retrieve full-text content]To mitigate “financial risks”, China needs to weigh the pros and cons of loosening its strict capital controls using a central bank digital currency, according to the director of digital finance at China’s prestigious Peking University.The so-called e-yuan is mainly intended to be used in the domestic retail sector, but a big question that is often discussed is whether it could be useful in internationalising the yuan, in addition to helping with China’s market liberalisation efforts and…

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[unable to retrieve full-text content]
To mitigate “financial risks”, China needs to weigh the pros and cons of loosening its strict capital controls using a central bank digital currency, according to the director of digital finance at China’s prestigious Peking University.The so-called e-yuan is mainly intended to be used in the domestic retail sector, but a big question that is often discussed is whether it could be useful in internationalising the yuan, in addition to helping with China’s market liberalisation efforts and…

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