The e-CNY Research Institute has recently been inaugurated to support the advancement of China’s central bank digital currency (CBDC). The institute was unveiled at the “2024 Second e-CNY Industry Sustainable Development Seminar” in Suzhou, where industry experts gathered to mark the occasion. Co-hosted by the Suzhou City Digital Finance Industry Federation and MPayPass, the e-CNY Research Institute is dedicated to rational pragmatism and conservative innovation, aiming to foster the sustainable progression of the digital yuan industry through a joint expert construction model. During the event, the Secretary-General of the e-CNY Research Institute, Wu Wenjun, was officially appointed and led the ceremony to award certificates to the inaugural group of experts.
The first group of experts includes representatives from major institutions such as Industrial and Commercial Bank of China (ICBC), MYbank, Suzhou Bank, Tencent, Huawei, JD Technology, Zhejiang University, Nanjing Audit University, among others. This diverse group of experts, ranging from banks and payment companies to tech firms, academics, and media professionals, will focus on industrial research, project development, standard setting, and talent development to enhance industry collaboration. The Institute plans to convene a kickoff meeting on April 19 to outline its strategic direction and methodological approach, setting tangible goals and mapping out future initiatives for the advancement of the digital yuan.
The e-CNY Research Institute aims to expand its professional network and enhance project implementation and standardization in the digital yuan industry. By facilitating case sharing, awarding excellence, evaluating projects, and hosting offline events, the institute is committed to driving the development of China’s central bank digital currency. The institute’s focus on industry collaboration and expertise from a variety of sectors, including banking, tech, academia, and media, highlights a holistic approach to advancing the digital yuan and ensuring its sustainable progression.
With the support of key industry players and experts from various backgrounds, the e-CNY Research Institute is poised to play a crucial role in shaping the future of China’s central bank digital currency. By fostering collaboration, driving innovation, and setting industry standards, the institute aims to accelerate the development of the digital yuan and enhance its global competitiveness. As the digital currency landscape continues to evolve, the e-CNY Research Institute’s focus on sustainable development and pragmatic innovation will be instrumental in navigating the challenges and opportunities in the digital yuan industry.
The inauguration of the e-CNY Research Institute marks a significant milestone in the development of China’s central bank digital currency. With a focus on rational pragmatism, conservative innovation, and industry collaboration, the institute is well-positioned to support the sustainable progression of the digital yuan industry. By harnessing the expertise of a diverse group of experts from various sectors, the institute aims to drive the development of the digital yuan through research, project development, standard setting, and talent development. With a strategic direction outlined and future initiatives planned, the institute is poised to play a key role in shaping the future of China’s central bank digital currency.
