Proceedings of the 2024 3rd International Conference on Public Service, Economic Management and Sustainable Development (PESD 2024)

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The Impact of E-CNY on RMB Internationalization

Authors
Jiayuan Zhu1, *
1International Business School Suzhou, Xi’an Jiaotong-Liverpool University, Suzhou, 215000, China
*Corresponding author. Email: Jiayuan.Zhu2202@student.xjtlu.edu.cn
Corresponding Author
Jiayuan Zhu
Available Online 19 December 2024.
DOI
10.2991/978-94-6463-598-0_12How to use a DOI?
Keywords
E-CNY; RMB Internationalization; Digital Currency
Abstract

Based on the fact that RMB is currently in the process of actively internationalizing, this article mainly takes the E-CNY as the research object, and uses the SWOT business model to analyze the strengths and weaknesses of the issuance of the digital RMB, as well as the opportunities and threats it faces. At the same time, based on the continuous development of digital financial technology, this paper analyzes the important impact that effective cooperation between financial institutions, policymakers, regulators and technology providers may have on enhancing the advantages and mitigating negative effects. The study concluded that the digital RMB caters to the general trend of development in the world today and is an excellent innovation that truly benefit the people, but there are many obstacles in the development process that will make its action less effective. Based on the strong internationalization trend of the digital RMB, it is obvious that its promotion is conducive to the internationalization of the RMB, provides guarantees for financial exchanges between countries, and contributes to sustainable development.

Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2024 3rd International Conference on Public Service, Economic Management and Sustainable Development (PESD 2024)
Series
Advances in Economics, Business and Management Research
Publication Date
19 December 2024
ISBN
978-94-6463-598-0
ISSN
2352-5428
DOI
10.2991/978-94-6463-598-0_12How to use a DOI?
Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Jiayuan Zhu
PY  - 2024
DA  - 2024/12/19
TI  - The Impact of E-CNY on RMB Internationalization
BT  - Proceedings of the 2024 3rd International Conference on Public Service, Economic Management and Sustainable Development (PESD 2024)
PB  - Atlantis Press
SP  - 95
EP  - 102
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-598-0_12
DO  - 10.2991/978-94-6463-598-0_12
ID  - Zhu2024
ER  -