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[Lu Lei: Digital RMB Possesses Commercial Bank Liability Attributes and Multiple Functions] On December 29, Lu Lei, Deputy Governor of the People's Bank of China, published an article stating that the future digital RMB will be supported by central bank technology and subject to its supervision. It will have the attributes of commercial bank liabilities, be account-based while compatible with distributed ledger technology, and be issued and circulated within the financial system. It will serve functions such as a measure of monetary value, a store of value, and cross-border payments. The technical model of the digital RMB will focus on meeting the needs of the real economy, balancing the development directions of account-based and value-based digital currencies, and catering to the requirements of different scenarios and business entities.