In a significant development towards the advancement of China’s central bank digital currency (CBDC), the e-CNY Research Institute has been recently inaugurated. The institute was unveiled at the “2024 Second e-CNY Industry Sustainable Development Seminar” in Suzhou, marking a crucial milestone in the digital currency industry.
The e-CNY Research Institute is set to function as a prominent think tank comprising experts dedicated to rational pragmatism and conservative innovation. With a unique “joint expert construction” model, the institute’s primary objective is to leverage market dynamics in order to promote the sustainable growth of the digital yuan industry.
The Unveiling Ceremony
During the official unveiling ceremony at the Seminar, key representatives from the initiating organization, as well as industry experts like Mu Chu, the editor-in-chief of MPayPass, and Wu Wenjun, the Secretary-General of the e-CNY Research Institute, played pivotal roles. Wu Wenjun was presented with his appointment letter as Secretary-General, followed by the distribution of certificates to the inaugural group of experts.
The inaugural group of experts comes from a diverse range of institutions including the Industrial and Commercial Bank of China (ICBC), MYbank, Suzhou Bank, Tencent, Huawei, JD Technology, Zhejiang University, and Nanjing Audit University. This blend of representatives from banks, payment companies, tech giants, academic institutions, and media organizations will focus on various aspects such as industrial research, project development, standard setting, and talent enhancement to drive industry collaboration.
Looking ahead, the e-CNY Research Institute plans to expand its professional network, enhance project implementation, and standardize its operations. Through initiatives like facilitating case sharing, recognizing excellence, evaluating projects, and hosting offline events, the institute aims to propel the development of the digital yuan.
On April 19, the Institute will convene a kickoff meeting to establish tangible goals and map out future initiatives. This gathering will play a crucial role in defining the strategic direction and methodological approach of the institute, setting the tone for its future endeavors in the digital currency landscape.
