Prelims

Half Title Page

The Digital Renminbi's Disruption

Title Page

The Digital Renminbi's Disruption

Shaping the Global Economic, Financial and Policy Landscapes

By

Chi Lo

Global Bank Senior Economist and Independent Scholar, Hong Kong

United Kingdom – North America – Japan – India – Malaysia – China

Copyright Page

Emerald Publishing Limited

Howard House, Wagon Lane, Bingley BD16 1WA, UK

First edition 2022

Copyright © 2022 Chi Lo. Published under exclusive licence by Emerald Publishing Limited.

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British Library Cataloguing in Publication Data

A catalogue record for this book is available from the British Library

ISBN: 978-1-80455-331-2 (Print)

ISBN: 978-1-80455-330-5 (Online)

ISBN: 978-1-80455-332-9 (Epub)

Dedication

To Margaret, Edwyn and Arthur

Books Also by Chi Lo

When Asia Meets China in the New Millennium – China's Role in Shaping Asia's Post-Crisis Economic Transformation, Pearson Prentice Hall, 2003

The Misunderstood China – Uncovering the Truth Behind the Bamboo Curtain, Pearson Prentice Hall, 2004

Phantom of the China Economic Threat – Shadow of the Next Asian Crisis, Palgrave Macmillan, 2006

Understanding China's Growth – Forces That Drive China's Economic Future, Palgrave Macmillan, 2007

Asia and the Subprime Crisis – Lifting the Veil on the Financial Tsunami, Palgrave Macmillan, 2009

China After the Subprime Crisis – Opportunities in the New Economic Landscape, Palgrave Macmillan, November 2010

Thinking the Inevitable: China's Superpower Aspiration in the New Paradigm, Enrich Professional Publishing, March 2012

The Renminbi Rises: Myths, Hypes and Realities of RMB Internationalisation and Reforms in the Post-Crisis World, Palgrave Macmillan, July 2013

China's Impossible Trinity: The Structural Challenges to the ‘Chinese Dream’, Palgrave Macmillan, July 2015

Demystifying China's Mega Trends – The Driving Forces That Will Shake Up China and the World, Emerald Publishing, April 2017

China's Global Disruption – Myths and Reality, Emerald Publishing, January 2021

List of Abbreviations

AI

Artificial intelligence

ASEAN

Association of Southeast Asian Nations

BIS

Bank for International Settlements

BRI

Belt and Road Initiative

CBDC

Central Bank Digital Currency

CBIRC

China Banking and Insurance Regulatory Commission

CIPS

Cross-Border Interbank Payment System

DCEP

Digital Currency Electronic Payment

DLT

Distributed Ledger Technology

DSR

Digital Silk Road

DXCD

Digital Eastern Caribbean Dollar

EEU

Eurasia Economic Union

GFC

Global Financial Crisis 2007–2008

HSR

Health Silk Road

ICO

Initial Coin Offering

IPO

Initial Public Offering

IT

Information Technology

PBoC

People's Bank of China

QE

Quantitative Easing (monetary policy)

SIIs

Systemically Important Institutions

SMEs

Small and Medium-Sized Enterprises

SWIFT

Society for Worldwide Interbank Financial Telecommunication

TPS

Transactions per Second