Sunday, January 17, 2021
Tags Chinese central bank digital currency

Tag: Chinese central bank digital currency

China’s Biggest Bank Opens up to Applications for Digital Renminbi Wallets in Shenzhen

The Industrial and Commercial Bank of China (ICBC) is making digital renminbi wallets available to consumers in the southern tech hub of...

Shanghai Tongren Hospital Trials Use of China’s First Digital Renminbi “Smart Card”

A leading hospital in Shanghai has seen the launch of a new "smart card" that serves as a physical vessel for the...

Chinese Central Bank Flags Further Steady, Controlled Testing of the Digital Renminbi in 2021

The head of the People's Bank of China (PBOC) has indicated that it will continue to conduct stable and gradual testing of...

Suzhou Issues 20 Million Yuan in Digital Renminbi During Double 12 Shopping Festival

The Jiangsu-province city of Suzhou has just held a 20 million yuan lottery to issue winners with digital renminbi for consumer purchases.

PBOC Enters Strategic Partnership with UnionPay Merchant Services for Onine and Offline Digital Renminbi Trials

The People's Bank of China's (PBOC) Digital Currency Research Institute has entered a strategic partnership with a key subsidiary of Chinese payments...

JD.com Becomes First E-commerce Platform to Accept Digital Renminbi

Chinese e-commerce platform JD.com will play a key role in a lottery held in Suzhou to trial the retail usage of China's...

Suzhou to Hold Digital Renminbi Lottery During Double 12 Shopping Festival, Test “Dual Offline” Functionality

The Jiangsu province city of Suzhou plans to conduct digital renminbi lottery trials during this year's Double 12 Shopping Festival, following the...

Digital Renminbi Will Break Big Data Monopolies, Replace All Forms of Traditional Money: Bank of China Senior Exec

A former senior executive with one of China's big six state-owned banks has highlighted the major impacts that the digital renminbi will...

Digital Yuan Will Account for 15% of All Consumer Payments within a Decade, Give Banks Fighting Chance against Fintech Rivals: Goldman Sachs

A report from Goldman Sachs says that increasing use of China's central bank digital currency (CBDC) could help banks to withstand the...

Digital Renminbi in Use at over 6,700 Pilot Sites around China for 1.1 Billion Yuan in Transactions

China's trials of its central bank digital currency (CBDC) have spread to an increasing number of pilot sites around the country.

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China’s Biggest Bank Opens up to Applications for Digital Renminbi Wallets in Shenzhen

The Industrial and Commercial Bank of China (ICBC) is making digital renminbi wallets available to consumers in the southern tech hub of...

Chinese Central Bank Outlines Efforts to Improve Execution of Monetary Policy

A senior official from the People's Bank of China (PBOC) has published a paper on its official website outlining current plans to...

Foreign Investors Raise Holdings on China’s Interbank Bond Market by over 1 Trillion Yuan in 2020

The latest data from the Chinese central bank points to a sharp rise in investment by foreign institutional investors on China's interbank...

Shenzhen Finance Sector Sees Total Deposits Exceed 10 Trillion Yuan

Financial institutions based in Shenzhen have just seen their deposit levels rise to record-breaking levels.