Saturday, October 24, 2020
Tags Chinese digital currency

Tag: Chinese digital currency

ATM Numbers Plunge by 40,000 in China as COVID-19 Spurs Digital Payments and Online Banking Adoption

The presence of Automatic Teller Machines (ATM's) in China has drastically fallen in the wake of the widespread use of digital banking...

Shenzhen Set for More Digital Renminbi, Renminbi Internationalisation Trials as Part of Municipal Reform Program

China's State Council has just unveiled an ambitious new reform program for the southern tech hub of Shenzhen that outlines major fintech...

Beijing Plans to Launch Digital Renminbi Trials, Digital Wallet System in Free Trade Pilot Zone

The Chinese government has just released new plans for the Beijing free trade pilot zone that outline trials of the Chinese central...

Digital Renminbi Will Not Accrue Interest or Incur Services Fees, Commercial Banks Responsible for Exchange: PBOC

A senior official from the Chinese central bank has provided further details on the statutory digital currency that is currently being trialed...

Beijing Cements Status of Tongzhou Sub-centre as International Financial Hub, Site of Digital RMB Trials

The Chinese capital of Beijing has unveiled a new plan to shore up its municipal sub-centre of Tongzhou as an international hub...

Chinese Monetary Policy Will Remain Unchanged, Needs Greater Certainty to Deal with COVID-19 Uncertainties: PBOC

A senior official from the Chinese central bank has flagged the maintenance of steady monetary policy in the near-future, as the COVID-19...

Starbucks Lambasted in China for Refusal to Accept Payment in Hard Cash

While digital payments have transformed the Chinese economy over the past decade, US coffee giant Starbucks is being taken to task in...

China’s Digital Currency Trials Set to Expand to Yangtze River Delta, Greater Bay, Jing-Jin-Ji Regions

The Chinese central government has flagged the expansion of the trials of its statutory digital currency to several of China's biggest urban...

China Agrees to Greater Digital Currency, Fintech Cooperation with European Union

One of China's senior-most economic policymakers has flagged increased cooperation with the European Union in the areas of fintech and digital currencies....

China’s Statutory Digital Currency Won’t Undermine Mobile Payments: Central Bank’s CBDC Chief

The head of digital currency research for the Chinese central bank says that its upcoming statutory digital currency (also referred to as...

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Fintech Giant Lufax Pursues USD$2.36 Billion Stateside IPO

Chinese fintech giant Lufax has revealed more details on its plans to pursue an initial public offering (IPO) in the US despite...

China to Increase Qualified Domestic Institutional Investor Quota by around USD$10 Billion

China's forex administration has announced a further increase to the foreign investment quota for qualified domestic institutional investors (QDII).

Zhou Xiaochuan Weighs in on Internationalisation of the Renminbi at 2020 Financial Street Forum

Zhou Xiaochuan, the former head of the Chinese central bank, has voiced his opinions on the near-term prospects for the internationalisation of...

PBOC Launches Fintech Research Centre, Calls for “Comprehensive Increase” in China’s Fintech Competitiveness and Influence

A senior official from the People's Bank of China (PBOC) has called for the country to further drive efforts for the development...