On 17 April 2024, the Institute of Economics and Finance invited Mr. Bian Wenjun — Head of Digital Finance at Bank of Beijing Suzhou Branch and Deputy General Manager of its Operations and Technology Department — to deliver a lecture on "New Quality Productive Forces in Digital Finance and Innovative Applications of the Digital RMB" for more than 100 students. The lecture guided students in understanding the practical applications of the digital RMB, aiming to strengthen university students' understanding of financial knowledge, broaden their horizons, and enhance their financial literacy.
At the lecture, Mr. Bian Wenjun mainly introduced the development background of digital finance, emphasised the importance of building a financial powerhouse, and specifically explained the definition and characteristics of digital finance; the advantages of the digital RMB over cash and third-party payment wallets; the reasons for and importance of China's pilot rollout of the digital RMB; the institutions along the digital RMB ecosystem value chain; and the types and tiered limits of digital RMB wallets. In addition, Mr. Bian Wenjun introduced the progress of the digital RMB pilot programme as well as application scenarios and case sharing of the digital RMB on the corporate side, and highlighted the development prospects of digital RMB smart contracts.
Before the lecture began, Dean Sun Yang of the Institute of Economics and Finance presented Mr. Bian Wenjun with an "Off-campus Supervisor" letter of appointment.