• - Authorities should promote Chinese standards for all digital currencies, which will help expand international use of the yuan, experts say
• - Beijing hopes wider use of the e-CNY will temper risks of financial decoupling if Washington moves to exclude China from the dollar system

Beijing has high hopes for the e-CNY, which has been piloted across the country and been used by tens of millions of Chinese. Photo: AP

China should take a lead role in creating international rules on digital currencies to help expand global settlements using the yuan.

That was the message from prominent Chinese academics who spoke at the China International Fair for Trade in Services at the weekend, where the country’s digital currency, known as the e-CNY, and efforts to internationalise the yuan took centre stage.

Beijing has high hopes for the e-CNY, which has been piloted across the country and been used by tens of millions of Chinese.