A subsidiary of the People’s Bank of China (PBOC) is currently recruiting blockchain experts, in a move interpreted by domestic observers as an acceleration of efforts to develop a central bank digital currency.
PBOC’s Yangtze River Delta Fintech Co., Ltd. (长三角金融科技有限公司) is currently advertising a number of blockchain and fintech-related positions, including a blockchain technical supervisor, blockchain framework technicians and blockchain research and development engineers.
According to public recruitment information these positions will be located in Beijing and Suzhou, require that candidates hold master’s degrees, and offer salaries of between 50,000 – 80,000 yuan (approx. USD$7,120 – $11,390.)
PBOC recently indicated that the launch of a statutory digital currency by China would be “imminent,” although it has not yet released a specific schedule or technical details for the project.
Yangtze River Delta Fintech was established in March 2019 with registered capital of 50 million yuan, and its legal representative is Di Gang (狄刚), vice-head of the Central Bank Digital Currency Research Institute.
Official information indicates that Yangtze River Delta Fintech was established by the Central Bank Digital Currency Research Institute in cooperation with the Suzhou municipal government, for the purpose of undertaking the development and stable operation of statutory digital currency infrastructure.
The company is also entrusted with providing support for the development of key technologies and trial sites for China’s statutory digital currency, as well as research and development in key fintech areas including the blockchain and cryptography.