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Digital currency/electronic payments
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Digital currency/electronic payments
Fintech
Digital Renminbi on Track for Trade Finance Trials in Shanghai, Experts Forecast Boost to International Usage
CBNEditor
-
October 15, 2020
0
The Chinese central bank digital currency (CBDC) is set for new trade-related application trials in the financial centre of Shanghai following the...
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Fintech
Shenzhen Uses Blockchain-driven Lottery to Distribute Digital Renminbi, Spur Local Consumption
CBNEditor
-
October 10, 2020
0
The southern Chinese tech hub of Shenzhen is using a lottery system to distribute the digital renminbi to local citizens.
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Fintech
Chinese Central Bank Announces that Digital Renminbi Is Ready for Deployment
CBNEditor
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September 21, 2020
0
The People's Bank of China (PBOC) has announced via its official news outlet that all preparations have been completed for the launch...
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Banking
Digital Renminbi Will Not Accrue Interest or Incur Services Fees, Commercial Banks Responsible for Exchange: PBOC
CBNEditor
-
September 15, 2020
0
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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Economy
Beijing Will “Strive” to Achieve Digital Renminbi Breakthroughs, New Free Trade Zone to Have Digital Focus
CBNEditor
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September 8, 2020
0
The Beijing municipal authorities say that the digital economy will be a key focal point for the city's upcoming free trade zone....
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Fintech
China’s Digital Currency Trials Set to Expand to Yangtze River Delta, Greater Bay, Jing-Jin-Ji Regions
CBNEditor
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August 16, 2020
0
The Chinese central government has flagged the expansion of the trials of its statutory digital currency to several of China's biggest urban...
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Banking
Four of China’s Big State-owned Banks Conduct Internal Testing of Digital Renminbi Wallets
CBNEditor
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August 6, 2020
0
Four of China's big state-owned banks have commenced testing of an app for use with the country's new central bank digital currency...
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Banking
Internationalisation of the Renminbi Will Require Digitisation: BOCOM Head Liu Jun
CBNEditor
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July 27, 2020
0
The head of one of China's big state-owned banks said that digitisation of the renminbi will be a necessary part of efforts...
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Fintech
China’s Central Bank Digital Currency Could Drive Disintermediation of Bank Accounts: JD.com Fintech Researcher
CBNEditor
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June 29, 2020
0
A senior researcher from the fintech vehicle of e-commerce giant JD.com says China's upcoming Central Bank Digital Currency (CBDC) could remove the...
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Opinion
China’s New Digital Currency Will Foster Hi-tech Internationalisation of the Renminbi: Rich Turrin
CBNEditor
-
May 18, 2020
1
Shanghai-based fintech veteran Rich Turrin says that the launch of China’s new central bank digital currency (CBDC) will serve to greatly expedite...
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Ant Group Has Established Rectification Team for Business Overhaul: Chinese Central Bank
Fintech
CBNEditor
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January 18, 2021
0
The People's Bank of China (PBOC) says that Jack Ma's Ant Group has taken further measures in response to pressure from regulators...
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China’s Biggest Bank Opens up to Applications for Digital Renminbi Wallets in Shenzhen
Banking
CBNEditor
-
January 15, 2021
0
The Industrial and Commercial Bank of China (ICBC) is making digital renminbi wallets available to consumers in the southern tech hub of...
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Chinese Central Bank Outlines Efforts to Improve Execution of Monetary Policy
Banking
CBNEditor
-
January 15, 2021
0
A senior official from the People's Bank of China (PBOC) has published a paper on its official website outlining current plans to...
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Foreign Investors Raise Holdings on China’s Interbank Bond Market by over 1 Trillion Yuan in 2020
Banking
CBNEditor
-
January 15, 2021
0
The latest data from the Chinese central bank points to a sharp rise in investment by foreign institutional investors on China's interbank...
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