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People’s Bank of China Teams up with Other Central Banks on Research into Digital Currencies

The People's Bank of China (PBOC) is teaming up with its counterparts in a slew of other jurisdictions to work together on...

Chengdu Launches 40 Million Yuan Digital Renminbi Lottery with JD.com’s Assistance

JD.com will play a key role in a trial project for the issuance of the digital renminbi to consumers in the Sichuan...

Shanghai Metro Vending Machines Accept Digital Renminbi for Payments

Vending machines in the Shanghai metro system are accepting payments using the Chinese central bank digital currency (CBDC).

Digital Renminbi Could Make Commercial Banks Redundant, Will Be a Rival to Third Party Payments Platforms: Ex-Bank of China Chief

The former head of one of China’s big four-state owned banks says that the Chinese central bank digital currency (CBDC) could make...

Ex-Bank of China Chief Says Digital Renminbi Will Transform Global Monetary System, Warns of Strategic Threat of Digital Greenback

The former head of one of China's big four-state owned banks forecasts that the Chinese central bank digital currency (CBDC) is destined...

China Unveils Second Cohort of Artificial Intelligence Innovation Zones

The Chinese central government has announced the dramatic expansion of its pilot zones for the development of artificial intelligence (AI) innovations.

ByteDance Affiliate in Beijing Applies for Patent on Electronic Money Account Methods

A Beijing-based affiliate of TikTok-owner ByteDance has filed an application for technology related to the use of electronic money accounts.

China Tightens Regulation of Online Lending by Commercial Banks with Slew of New Restrictions

The Chinese government has further stepped up its regulation of online lending by domestic commercial banks with a new directive that places...

Anhui Province Debuts China’s First Quantum Computer Operating System

China has just seen the release of its first domestically developed operating system designed specifically for use with quantum computers.

Huawei’s Acquisition of Chinese Payments License Could Break Dual Dominance of Alipay and Tencent

Telecommunications giant Huawei is making preparations to enter China's payments sector, in a move which could shake up the existing dominance of...

China’s New Anti-Trust Measures for Internet Platforms Focus on Exclusive Agreements and Big Data Price Discrimination

China has officially launched new anti-trust regulations that target the conduct of online platforms and big e-commerce companies.

Alibaba Cloud Teams up with Bank of Pingdingshan on Mobile Platform Development

Alibaba's cloud unit is working with a municipal lender in the central Chinese province of Henan on the development of a mobile...

Latest stories

China UnionPay Enters Agreement with Malaysian Local Government on Mobile Payments Tool

Chinese payments giant UnionPay is further expanding its overseas reach with a new mobiles payments cooperative deal in Malaysia, amidst broader efforts...

Data Emerges as Key Topic at China’s 2021 Two Sessions Meeting, Delegates Call for National Data Platform, Data Sharing by Tech Giants

Data protections and data sharing have emerged as pivotal topics at China's Two Sessions congressional event for 2021, with delegates calling for...

China’s Market for Government Blockchain Projects Booms

Efforts by Chinese local governments to improve public service offerings are playing an increasingly important role in driving the growth of the...

China Reiterates Commitment to Curbing Speculative Investment in Property

A senior official from China's Ministry of Housing and Urban-Rural Development (MOHURD) has reaffirmed its long-standing commitment to keeping a tight lid...