The e-CNY Research Institute has recently been established to provide support and progress in the development of China’s central bank digital currency (CBDC), according to a report by MPayPass. The institute was officially introduced during the “2024 Second e-CNY Industry Sustainable Development Seminar” in Suzhou, where key industry experts gathered to celebrate this milestone.
The e-CNY Research Institute is designed to operate as a think tank consisting of experts dedicated to rational pragmatism and conservative innovation. Through a “joint expert construction” model, the institute aims to leverage market dynamics to encourage the sustainable growth of the digital yuan industry. The inaugural group of experts includes individuals from a variety of backgrounds, such as representatives from leading banks, payment and tech companies, academic institutions, and media organizations.
During the ceremony at the Seminar, Mu Chu, the editor-in-chief of MPayPass, and Wu Wenjun, the Secretary-General of the e-CNY Research Institute, led the official unveiling of the institute. Wu Wenjun was presented with his appointment letter as Secretary-General, and he, in turn, awarded certificates to the first group of experts. This signifies the commitment of the institute to fostering collaboration and excellence in the digital yuan industry.
The e-CNY Research Institute has planned a kickoff meeting on April 19 to establish its strategic direction and methodological approach. The focus will be on setting tangible goals and outlining future initiatives for the institute. Moving forward, the institute aims to expand its professional network, improve project implementation, and enhance standardization efforts. By promoting knowledge sharing, recognizing excellence, evaluating projects, and organizing relevant events, the institute is dedicated to propelling the development of the digital yuan.
The inauguration of the e-CNY Research Institute marks a significant step towards advancing China’s CBDC. With a diverse group of experts and a clear mission, the institute is poised to play a pivotal role in shaping the future of the digital yuan industry. By fostering collaboration and innovation, the institute aims to drive progress and ensure the sustainable growth of China’s central bank digital currency.