How a digital yuan impacts investor appetite

So long as capital controls remain, a digital currency alone will do little to internationalise the renminbi (RMB), but the pull of this market will be hard for investors to ignore.

While few investors know how virtual currencies will influence future consumption habits, many are aware that China is leading the charge. Running its digital yuan (e-RMB) programme as far back as 2014, China concluded its latest pilot project by handing out digital RMB 200 to Beijing residents over the Lunar New Year, extending earlier trials in Shenzhen and Suzhou.

¬ Haymarket Media Limited. All rights reserved.

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