China to further refine management system for digital yuan: central bank

中央银行：中国将进一步完善数字人民币管理体系

BEIJING, Oct. 27 (Xinhua) -- China's central bank will further refine the management system of the digital yuan and explore its role within the country's broader monetary framework, Pan Gongsheng, governor of the People's Bank of China (PBOC), said at the Annual Conference of Financial Street Forum 2025 on Monday.

北京新华社10月27日电中国人民银行行长潘功胜周一在2025年金融街论坛年会上表示，中国中央银行将进一步完善数字人民币的管理体系，并探索其在国内更广泛的货币框架内的作用。

The central bank will support more commercial banks to become authorized operators of digital yuan services, Pan said.

潘功胜表示，中央银行将支持更多商业银行成为数字人民币服务的授权运营商。

He noted that the PBOC has established a digital yuan international operations center in Shanghai to oversee cross-border cooperation and usage, as well as a digital yuan operations and management center in Beijing, which is responsible for system development, operations and maintenance to promote the currency's broader application.

他指出，中国人民银行已经在上海建立了数字人民币国际运营中心用作监管跨境合作和使用，也在北京建立了数字人民币运营管理中心，负责系统发展、运营和维护，以促进人民币流通更广泛的应用。

On domestic virtual currency trading and speculation, Pan said that the PBOC, together with relevant authorities, has since 2017 issued a series of policy documents to prevent and address related risks. "These policies remain in effect," he said.

就国内虚拟货币交易和投机这一事，潘功胜表示，自2017年以来，中国人民银行同有关部门发布了一系列政策文件，以防范和应对相关风险。“这些政策至今仍然保持着效力，”他说。

The PBOC will continue working with law enforcement authorities to crack down on domestic virtual currency trading and speculation activities, thereby maintaining economic and financial order, he said.

他说，中国人民银行将继续与执法机构合作，打击国内虚拟货币交易和投机活动，从而维护经济和金融秩序。

"The central bank will closely monitor and dynamically assess the development of overseas stablecoins," he added.

“中央银行将密切监测和动态评估海外稳定货币的发展，”他补充道。