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Thursday, November 26, 2020
Tags Chinese digital currency

Tag: Chinese digital currency

Digital Renminbi Will Reshape Banking and Payments Sectors, Enhance Monetary Policy and Economic Adjustments: Chinese Think Tank Experts

Experts from the Chinese Academy of Social Sciences (CASS) and the National Institution for Finance & Development (NIFD) see the digital renminbi...

Digital Renminbi Could Evolve into Global Currency: Ex-Bank of China Chief

Li Lihui (李礼辉), the former head of the Bank of China, believes that the development of the digital renminbi could pave the...

Development of Dual Offline Digital Renminbi Wallets Is Complete: Chinese Central Bank’s Digital Currency Chief

The head of the People's Bank of China (PBOC) Digital Currency Research Institute Mu Changchun (穆长春) has revealed details concerning the development...

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...

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Bank of Chengdu Launches New “Cloud Converted” Data Centre, Provides AI Customer Service in Sichuanese Dialect

Sichuanese province lender Bank of Chengdu has announced the launch of a new "cloud converted" data centre."

Bank of Communications Completes First Offshore Issuance of Perpetual Bond by a Chinese Bank

Big state-owned lender Bank of Communications (BOCOM) has become the first Chinese bank to issue perpetual bonds offshore.

Liu He Sheds Light on China’s Dual Circulation Development Strategy

One of China's senior-most economic policymakers has written an essay for the People's Daily that sheds light on the goals and priorities...

International Forecasters Upbeat on Chinese GDP Growth in 2020, 2021

Leading international forecasters anticipate comparatively robust growth for the Chinese economy in 2020 amidst the impacts of the COVID-19 pandemic.