Blockbuster news
1) On October 28, at the first "2019 Bund Financial Summit", remarks by Huang Qifan, Vice Chairman of the China International Economic Exchange Center.
The People's Bank of China has been studying DCEP (central bank digital currency) for five or six years and it is maturing.
The People's Bank of China has been studying DCEP (central bank digital currency) for five or six years and it is maturing.
2) The PBOC is likely to be the first central bank in the world to introduce digital currency.
He criticized some enterprises of trying to “challenge sovereign currencies” by issuing Bitcoin and Libra. Currencies based on blockchain are separated from sovereign credit and so...
He criticized some enterprises of trying to “challenge sovereign currencies” by issuing Bitcoin and Libra. Currencies based on blockchain are separated from sovereign credit and so...
3) may affect “value stability” and wealth formation in a society. He said, "I don't believe Libra will succeed. For sovereign countries, the best way to implement currency distribution rights is to issue sovereign digital currencies by the government and the central bank."
4) He said the significance of DCEP is that it is not a digitization of the existing currency, but an alternative to M0 (cash in circulation). He believes that “the SWIFT and CHIPS systems relying on slow technology updates and difficult security guarantees have no future.”
5) Under the drive of big data platform and blockchain technology, a new clearing settlement will be constructed.
Huang Qifan concluded, “Looking ahead, new financial formats such as quantitative investment, smart investment, artificial intelligence pricing and...
Huang Qifan concluded, “Looking ahead, new financial formats such as quantitative investment, smart investment, artificial intelligence pricing and...
6) claims accounting, financial cloud services, blockchain deposits, etc. are evolving and will lead the financial industry into a new era.”
