Zhou Xiaochuan served as the governor of the People’s Bank of China (PBOC) for over 15 years until 2018. Photo: EPA
Zhou Xiaochuan served as the governor of the People’s Bank of China (PBOC) for over 15 years until 2018. Photo: EPA

China’s response to Facebook’s Libra could be ‘Hong Kong style’ cryptocurrency, says ex-central bank governor

  • Former People’s Bank of China governor Zhou Xiaochuan suggests Beijing could delegate issuance of digital currency to commercial entities
  • Speech in Beijing this week shows that China is rethinking its digital currency strategy

Zhou Xiaochuan served as the governor of the People’s Bank of China (PBOC) for over 15 years until 2018. Photo: EPA
Zhou Xiaochuan served as the governor of the People’s Bank of China (PBOC) for over 15 years until 2018. Photo: EPA
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