Inclusive Finance

It is reported that Li Lihui, the former president of the Bank of China, said at the “2023 Qingdao Jinjialing Financial Talent Conference” on the 26th that the digital RMB is on the fast track of development, while the progress of legal digital currencies in major overseas economies is relatively slow. In terms of improving the cross-border payment environment, the digital RMB should strive to dominate, which is conducive to promoting the development of inclusive finance. Li Lihui: The digital RMB pilot is entering the fast lane Analysis based on this information:The former President of the Bank of China, Li Lihui, expressed his positive outlook on the fast-tracked development of China’s digital RMB during the “2023 Qingdao Jinjialing Financial Talent Conference” on the 26th. According to him, while major overseas economies have been slow in the progress of legal digital currencies, China’s digital RMB is paving the way for cross-border payments, a crucial aspect of improving the inclusive finance environment….