Ba Shusong: The Greater Bay Area is a great place to take full advantage of the digital renminbi.

On November 21, Ba Shusong, Chairman of the Hong Kong Stock Exchange, Chief Financial Officer of China and Chief Financial Officer of the Financial Institutions Corporation of China, expressed his views on the digital yuan at the 9th Lingnan Forum.

He said only the Guangdong-Hong Kong-Macao urban area is currently at a critical stage of transformation and transformation from a service industry into a new industry. As for the distribution center of financial markets, from a single location in Hong Kong, financial markets still include multiple banks in Hong Kong, Shenzhen and Guangzhou, insurance, security and wages have been developed, and bonuses have become more common. . So he thought.The Greater Bay Area is an ideal place to enjoy all the benefits of the digital renminbi and provides an excellent opportunity for the international expansion of the renminbi..

From Ba Shusong's point of view, from the point of view of developing and improving laws and governance,The expansion of the RMB digital wallet can be a leader in promoting digital transactions in the workplace.. "Now that we have completed the cross-border management products, the special renminbi products can be controlled and tracked to help solve the problem that will not be easy to solve if you want to expand your development and buy existing pilot funds. "

analyse de bashusson,In Greater China, there are still about 200 million rural people without bank accounts who can use digital renminbi as microtransactions to conduct financial transactions.

In addition, controlling the anonymity of the renminbi not only helps the central bank to track transactions and prevent crimes such as money laundering, but also allows policymakers to exercise greater financial control and control. on other policies. Ba Shusong said in the Shenzhen driver that the digital renminbi is mainly used in micropayments and retail prices, and has been used by many merchants in Shenzhen, such as retailers, wholesalers, accommodation services, daily groceries, groceries, etc. This shows that the digital renminbi already has many application scenarios in Shenzhen.

the nextWe should promote the international use of the digital renminbi by using Guangdong Province and the country's "One Way, One Way" economic and trade relations.Along with the digital yuan pilot project, from the perspective of international policies, infrastructure development, etc., traders or users in the "Belt and Road" country are concerned, encouraging the use of renminbi directly in transactions with traders and consumers.