[Mu Changchun, Director of the PBOC Digital Currency Research Institute: The Measurement Framework for the Digital Yuan Should Be Upgraded]
On September 13, Mu Changchun, Director of the Digital Currency Research Institute of the People's Bank of China, stated at the 'New Applications of Fintech and Innovative Development of Central Bank Digital Currency' insights forum during the 2025 Inclusion·Bund Conference that in order to ensure the alignment of money supply with economic growth and price expectations, while also enhancing the enthusiasm of commercial banks and users, the measurement framework for the digital yuan should be upgraded. Additionally, through business and technical features such as token strings and a globally unified ledger, better monetary services can be provided to support the development of the real economy. (The Paper)
