Soundbites

Yi Gang, governor of the People's Bank of China: The PBOC is building a management model for the digital RMB with reference to the management of cash and bank accounts. It will increase interoperability with existing electronic payment tools, and improve the e-CNY ecosystem.

Cheng Shi, chief economist at ICBC International: The digital yuan will help remove obstacles for the internationalization of the renminbi. Given China's competitive edge in digital economy, the renminbi will seize the best opportunity to become a global payment currency by combining payments and multiple frontier digital services.

Bao Ta, vice-president of Meituan: Faced with the matters of our time such as peaking carbon emissions by 2030 and realizing carbon neutrality by 2060, we think e-CNY is one of the best solutions to address such issues.