The People’s Bank of China Plans to Accelerate the Development of Digital Currency to Attract Talent

Since the second half of last year, the People’s Bank of China has strengthened its deployment in the Chinese version of the central bank’s digital currency (DC/EP). Recently, its digital currency research institute launched the “Digital Research Rising Star Program,” hoping to recruit master and doctoral research students from domestic higher education institutions as soon as possible. The recruitment scope includes computer technologies, economics and finance, mathematics and statistics, and other majors, and has indicated that it will participate in the development of DC/EP.

Earlier, the PBC Digital Currency Research Institute announced a partnership with Didi to jointly promote the application and development of DC/EP. The People’s Bank of China hopes to attract more professionals to help China develop the central bank’s digital currency. Therefore, the internship plan launched today has the purpose of eventually recruiting people to allow outstanding interns to directly recruit students on campus after graduation next year, including 2021 And masters and doctors who graduated in 2022.

At the same time, in April this year, the Shenzhen Institute of Financial Technology began to openly recruit engineers, product managers, and researchers. In addition to showing that it will apply artificial intelligence, blockchain, big data, and other technologies, it is said that related positions will directly participate in the development of DC/EP in China.

According to the announcement of the People’s Bank of China as early as 2014, it has begun to study the digital goods of the central bank. At the end of 2017, it was approved by the State Council to organize some large commercial banks and related institutions to jointly study DC/EP. Earlier, PBOC stated that it had completed the top-level design and launched internal test plans in four cities, Shenzhen, Suzhou, Chengdu, and Xiong’an, to examine its potential application scenarios, security, and system stability.