Monday, October 26, 2020
Tags Chinese digital currency electronic payments

Tag: Chinese digital currency electronic payments

Fintech

Xiong’an New Area to Trial Use of Digital Renminbi for Cross-border Payments

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The Xiong’an New Area in Hebei Province has unveiled plans to explore the use of the digital renminbi (central bank digital currency...
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Economy

Still No Release Schedule for China’s Central Bank Digital Currency: PBOC

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A senior official from the Chinese central bank says there is still no date for the official rollout of its digital currency/...
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Fintech

Baidu’s Launch of China’s First Virtual Bank Card Unrelated to CBDC Trials

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Baidu's recent release of a virtual "digital bank card" has triggered much speculation over its ties to the central bank digital currency...
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Fintech

Chinese Supreme Court Calls for Stronger Property Rights over Digital Currencies and Virtual Assets

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The Chinese Supreme Court has flagged heightened protections for property rights in relation to digital currency in the lead up to the...
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Opinion

Cross-Chain Compatibility Will Unlock the Full Potential of CBDC’s: Sky Guo

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As central banking moves towards the inevitability of digitization, global institutions and their governing countries must move in lockstep to ensure the...
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Fintech

Meituan Dianping to Take Part in Trials of China’s Central Bank Digital Currency

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Beijing-based food delivery and consumer sales giant Meituan-Dianping has joined the exclusive cohort of companies participating in trials of China's central bank...
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Banking

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

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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

China’s Central Bank Digital Currency Likely to Co-exist with Third Party Payments over the Long Haul

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A leading blockchain expert says that there is room for China's new central bank digital currency (CBDC) to co-exist alongside established third...
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Banking

No Schedule Yet for Launch of Central Bank Digital Currency: PBOC Governor Yi Gang

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The governor of the Chinese central bank says that it has not assembled a concrete timeline for the launch of its much-anticipated...
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Economy

Central Bank Digital Currency Poses a Threat to US Dollar Hegemony: JPMorgan

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A report from JPMorgan Chase & Co points to the potential for China's proposed central bank digital currency (CBDC) to undermine the...
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Industrial IoT Financing the Next “Blue Ocean” for Chinese Fintech: Huang Qifan

Fintech CBNEditor - 0
The former mayor of Chongqing municipality Huang Qifan (黄奇帆) expects Industrial Internet of Things (IIoT) financing to be the next major area...
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Legal Changes Expand Power of Chinese Central Bank, Confer Official Recognition to Digital Renminbi

Economy CBNEditor - 0
Proposed amendments to the law governing the Chinese central bank are expected to confer it with greater sway and authority within China's...
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Jack Ma Calls for Replacing “Pawnshop Mentality” of Traditional Banks with Big Data-based Credit System

Fintech CBNEditor - 0
Alibaba-founder Jack Ma has decried the collateral focus of traditional banks in the Chinese financial system, calling instead for the use of...
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Digital Lender XWBank Sees Q3 Profits Rise 32%

Banking CBNEditor - 0
Sichuan-based direct lender XWBank has seen a sharp on-quarter rise in its profits in the third quarter of 2020, as China makes...
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