People's Bank of China Governor Calls for Expanding Global Modern Cryptocurrency System
The Governor of the People's Bank of China (PBOC), Mr. Pan Gongsheng, clearly announced the promotion of expanding the application of the national digital currency (e-CNY). He emphasized the intention to establish an international operating center for this digital currency in Shanghai, thereby affirming the direction to confirm the position of the CBDC system in the global monetary ecosystem.
China's Digital Currency and Global Monetary Multi-Polar Strategy
At the Lujiazui Forum, Mr. Pan Gongsheng emphasized that a multi-polar monetary system will help minimize risks from a system dependent on USD or euro. Instead, the new system will enhance defensive capabilities against economic shocks and strengthen governments' ability to maintain international financial stability.
This vision contrasts with the current situation, where major currencies like USD and euro dominate most international transactions. This policy not only helps China become more financially autonomous but also creates a more balanced playing field in the global monetary system.
Promoting an Independent Financial System with Innovative Digital Currency Funds
European countries are eagerly pursuing the digital euro project, while countries like UAE plan to launch digital dirham before the end of 2025. Israel has also built a preliminary model for digital shekel. These advances all contribute to building an expanded financial network and diversifying central bank options.
Meanwhile, the United States has had mixed reactions to CBDC projects, focusing on legislation, notably the Genius Act aimed at regulating stablecoin. This raises questions about the role of stablecoin and digital Tokens in replacing or supplementing global solutions.
The Role of Digital Currency in Global Investment Strategy and Market Safety
In this context, international investors are increasingly paying attention to digital assets like Bitcoin, Ethereum, and altcoins instead of traditional fiat currencies. Fluctuations in USD exchange rates, due to tax policies and trade wars, make digital currencies a safer option, easily diversifying risks.
In 2025, the combination of flexible monetary policies and digital currency market growth creates new opportunities and challenges for global investors. Tokens like USDT, USDC become important bridges, facilitating capital flow while limiting external risks.
Growth Policy and International Investment Attraction in China
The Chinese government continues to commit to protecting the exchange rate of the yuan (CNY) from external shocks. Mr. Zhu Hexin, the state foreign exchange manager, affirmed that the Chinese economy has the ability to adapt well to international foreign exchange market fluctuations.
This open policy also opens up many collaboration opportunities for international investors, with major financial institutions like Standard Bank and First Abu Dhabi Bank committing to using CIPS, the yuan-based interbank payment system in the near future. This helps promote capital flow and enhance the status of digital currency in the global financial system.
