ICBC President Liu Jun Discusses Digital Currency Technology and Trust

At the 2026 Financial Street Forum Annual Meeting, Liu Jun, President of the Industrial and Commercial Bank of China (ICBC), stated that technology can only reinforce trust, not replace it. Whether digital currency can become a currency hinges on the support and fulfillment of credit, as well as the implementation of responsibility. He pointed out that if the algorithms or underlying assets lack transparent regulation, and trust is built on an impenetrable technological "black box," its credit system will be difficult to establish, and its value foundation will be weak. Liu Jun mentioned that digital currency offers new possibilities for cross-border settlement, but technology cannot create the international status of currency; the discourse power of digital anchor currencies depends on comprehensive national strength. He emphasized that the internationalization of the Renminbi requires the introduction of diverse market participants and the establishment of a global regulatory coordination mechanism and regulatory technology. Regarding the exploration of asset tokenization in the real world, he noted that finance should serve the real economy and prevent a shift from the real to the virtual.

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