Wednesday, March 3, 2021
Tags Chinese digital currency

Tag: Chinese digital currency

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.

SWIFT Launches Joint-venture in Beijing with Chinese Central Bank’s Digital Currency Research Institute

International payments organisation the Society for Worldwide Interbank Financial Telecommunication (SWIFT) has teamed up with the Digital Currency Research Institute of the...

Beijing Trials Use of Digital Renminbi in Wearable Devices on Metro System

Beijing has launched trials for the use of the digital renminbi with wearable devices to make payments for metro fares.

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...

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Shenzhen Launches China’s First Personal Bankruptcy System

The southern Chinese tech hub of Shenzhen has just launched China's first system for the application and processing of personal bankruptcies.

Alibaba and Baidu Win Tender for China’s Online Payments Processing Cloud Platform

Tech giants Alibaba Cloudand Baidu have won the tender for a project involving the cloud platform used to drive China's centralised...

Tech Investments of Chinese Banks Rose 20% in 2020

Chinese banks and insurers gave a major boost to their tech investments in 2020 despite the economic impacts of the COVID-19 pandemic....

Sichuan Province to Issue 11.4B Yuan in Special Bonds to Bolster Capital of 21 Regional Banks

The central Chinese province of Sichuan plans a copious bond issue to provide support to the capital standing of its local banking...