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Chinese cashless economy
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Chinese cashless economy
Banking
Chinese Central Bank Calls for Digital Currency R&D, Will Combat Refusal to Accept Cash
CBNEditor
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February 28, 2019
0
The People's Bank of China (PBOC) says it is driving further research and development of digital currencies, while also calling for measures...
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Economy
Chinese Central Bank Bans Mandatory Cashless Payments
CBNEditor
-
July 17, 2018
0
The People's Bank of China (PBOC) is cracking down on businesses that refuse cash payments, and warned that the concept of cashless transactions should...
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Most Read
Chinese Central Bank Appoints 48 Year-old Deputy Mayor of Chongqing as New Deputy Governor
Banking
CBNEditor
-
April 14, 2021
0
The People's Bank of China (PBOC) has just expanded its senior leadership cohort with the addition of a new deputy governor drawn...
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Beijing Cracks Down on Local Finance Platforms, Demands “Peeling Away” of Government Funding Role, Bankruptcies for Insolvent Firms
Finance
CBNEditor
-
April 14, 2021
0
The State Council of China has issued new regulations concerning the handling of local finance platforms in a bid to stymie their...
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Chinese CPI Bounces Back into Positive Territory in March
Economy
CBNEditor
-
April 14, 2021
0
China's consumer price index (CPI) resumed positive YoY growth in March, as the domestic economy continues to recover from the impacts of...
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Renminbi Lending Increases USD$1.17 Trillion in First Quarter of 2021
Banking
CBNEditor
-
April 14, 2021
0
Chinese banks extended over USD$1.1 trillion in new loans in the first quarter of 2021 according to the latest data from the...
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