People’s Bank of China Reaffirms Progress in Digital Yuan Development

The People’s Bank of China outlined its focus on advancing digital finance, particularly the digital yuan, as part of broader financial reforms in five key areas.

Summary

The People’s Bank of China held a meeting on October 24, 2025, reaffirming its commitment to the digital yuan and digital finance as part of ongoing financial reforms. The bank will focus on five key areas, including technology finance, green finance, inclusive finance, pension finance, and digital finance, with a strong emphasis on the research and application of the digital yuan.

Terms & Concepts
  • Digital Yuan: China’s central bank digital currency (CBDC), developed by the People’s Bank of China to facilitate digital payments and enhance monetary control.
  • Central Bank Digital Currency (CBDC): A digital form of a country’s sovereign currency issued and regulated by its central bank, designed for secure and efficient transactions.
  • Financial Supply Reform: An initiative aimed at improving the structure, efficiency, and inclusivity of the financial system to support sustainable economic growth.