Yi Gang, governor of the people's Bank of China, said in a video speech at the 30th anniversary of the establishment of the Institute for emerging economies of the Bank of Finland on November 9 that as of October 8, there had been more than 3.5 million digital RMB pilot scenarios, 123 million personal wallets had been opened, and the transaction amount was about 56 billion yuan. He said that the use and promotion of the central bank's digital currency should follow the principle of marketization. "In other words, we will issue as much as people need to exchange," he said. Yi Gang said that in the next step, the design and use of digital RMB will be improved according to the pilot situation. First, establish a management model suitable for digital RMB with reference to the ideas of cash and bank account management; Second, continue to improve settlement efficiency, privacy protection, anti-counterfeiting and other functions; Third, promote the interaction between digital RMB and existing electronic payment tools to achieve the unity of security and convenience; Fourth, improve the construction of digital RMB ecosystem and improve the universality and availability of digital RMB. Yi Gang said that the impact of CBDC (central bank digital currency) on monetary policy and financial stability mainly depends on the design of CBDC. In view of this, the people's Bank of China has properly researched and developed the design scheme to effectively reduce the negative impact. First, adhere to the M0 positioning of digital RMB, do not calculate and pay interest, and reduce the competition with bank deposits. Secondly, adopt a two-tier operation system, that is, the central bank implements centralized management to ensure the ability to regulate money issuance and monetary policy; Commercial banks and Payment institutions act as intermediaries to exchange digital RMB for the public and provide payment services. Thirdly, the system friction such as the upper limit of wallet balance and the upper limit of transaction amount is set to reduce the risk of run as much as possible. At the same time, in the pilot process, the impact on monetary policy, financial market and financial stability is also an important test content. He also stressed that he attached great importance to the protection of personal information of digital RMB and adopted corresponding institutional arrangements and technical design. (outlook new era)