Industry Voice: e-CNY — slow burn to rapid acceleration?

Janus Henderson Investors
clock • 1 min read
Industry Voice: e-CNY — slow burn to rapid acceleration?

Jennifer James, Emerging Market Credit Portfolio Manager, explores how the People’s Bank of China’s digital currency has been several years in the making but has the potential to rapidly reshape the payments industry.

The People's Bank of China cannot be accused of hurrying the Digital Currency, Electronic Payment (DCEP) project, the acronym for its central bank digital currency, which is likely be known by the market as e-CNY when it officially launches. 

The project has been seven years in the making, with a research group first formed back in 2014. Expectations are that an official launch could coincide with the February 2022 Winter Olympics in Beijing - which would offer a useful marketing ploy to showcase China's technological prowess. The PBOC is targeting broad coverage of China's population, which could reshape the payments industry over the coming years. 

 

More on Law and Regulation

Judicial review begins into decision to replace RPI

Judicial review begins into decision to replace RPI

The hearing could have significant ramifications for schemes if successful

Jonathan Stapleton
clock 21 June 2022 • 2 min read
GMB takes Bolt to tribunal in employment and pension fight

GMB takes Bolt to tribunal in employment and pension fight

Legal action launched over denial of employment and pension benefits

Martin Richmond
clock 16 June 2022 • 1 min read
Steve Webb: Progress made but more yet to be done

Steve Webb: How far have we come on pensions policy?

Former minister says Guy Opperman’s five years in office have seen progress in a number of key areas

Steve Webb
clock 10 June 2022 • 5 min read
Trustpilot