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Chinese digital renminbi
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Chinese digital renminbi
Banking
Digital Renminbi Could Make Commercial Banks Redundant, Will Be a Rival to Third Party Payments Platforms: Ex-Bank of China Chief
CBNEditor
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February 23, 2021
0
The former head of one of China’s big four-state owned banks says that the Chinese central bank digital currency (CBDC) could make...
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Fintech
Beijing Plans to Launch Digital Renminbi Trials, Digital Wallet System in Free Trade Pilot Zone
CBNEditor
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September 23, 2020
0
The Chinese government has just released new plans for the Beijing free trade pilot zone that outline trials of the Chinese central...
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Economy
Renminbi Could Be World’s Third Biggest Reserve Currency by 2030: Morgan Stanley Report
CBNEditor
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September 9, 2020
0
A new report from Morgan Stanley sees the renminbi's status as a reserve currency rising over the upcoming decade.
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Most Read
Actually Used Foreign Investment in China Rises Nearly 40% in First Quarter, New Foreign Invested Enterprises up 47.8%
Economy
CBNEditor
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April 16, 2021
0
China has seen a surge in foreign investment in the first quarter of 2021 compared to the same period in 2020, with...
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China’s Q1 GDP Surges 18.3% YoY, Two Year Average Growth Rate at 5.0%
Economy
CBNEditor
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April 16, 2021
0
Chinese GDP in the first quarter of 2021 has seen a surge compared to the same period last year, given the low...
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MLF Rates Remain Unchanged for 13th Consecutive Month as Chinese Monetary Policy Stresses Stability
Banking
CBNEditor
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April 16, 2021
0
The Chinese central bank's open market operations (OMO) have kept the rate for medium-term instruments unchanged for over a year, with analysts...
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PBOC Reiterates Commitment to Anti-trust Enforcement in Chinese Payments Sector, Development of Cross-border Payments
Fintech
CBNEditor
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April 16, 2021
0
The Chinese central bank has stressed its commitment to enforcing anti-trust measures in China's payment sector, as well as efforts to improve...
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