Central Bank Governor Pan Gongsheng will further optimize the management system of the digital yuan.

According to Mars Finance, Pan Gongsheng, the governor of the People's Bank of China, stated at the 2025 Financial Street Forum Annual Meeting that the digital renminbi is a legal digital currency issued and regulated by the People's Bank, compatible with emerging technologies such as Distributed Ledger. After steady progress in recent years, the initial establishment of the digital renminbi ecosystem has been achieved. In the next step, the People's Bank will further optimize the management system of the digital renminbi, study the positioning of the digital renminbi within the monetary hierarchy, and support more commercial banks to become operational institutions for digital renminbi business.

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