Monday, January 18, 2021
Tags Digital currency/electronic payments

Tag: Digital currency/electronic payments

Digital Renminbi on Track for Trade Finance Trials in Shanghai, Experts Forecast Boost to International Usage

The Chinese central bank digital currency (CBDC) is set for new trade-related application trials in the financial centre of Shanghai following the...

Shenzhen Uses Blockchain-driven Lottery to Distribute Digital Renminbi, Spur Local Consumption

The southern Chinese tech hub of Shenzhen is using a lottery system to distribute the digital renminbi to local citizens.

Chinese Central Bank Announces that Digital Renminbi Is Ready for Deployment

The People's Bank of China (PBOC) has announced via its official news outlet that all preparations have been completed for the launch...

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 Will “Strive” to Achieve Digital Renminbi Breakthroughs, New Free Trade Zone to Have Digital Focus

The Beijing municipal authorities say that the digital economy will be a key focal point for the city's upcoming free trade zone....

China’s Digital Currency Trials Set to Expand to Yangtze River Delta, Greater Bay, Jing-Jin-Ji Regions

The Chinese central government has flagged the expansion of the trials of its statutory digital currency to several of China's biggest urban...

Four of China’s Big State-owned Banks Conduct Internal Testing of Digital Renminbi Wallets

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...

Internationalisation of the Renminbi Will Require Digitisation: BOCOM Head Liu Jun

The head of one of China's big state-owned banks said that digitisation of the renminbi will be a necessary part of efforts...

China’s Central Bank Digital Currency Could Drive Disintermediation of Bank Accounts: JD.com Fintech Researcher

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...

China’s New Digital Currency Will Foster Hi-tech Internationalisation of the Renminbi: Rich Turrin

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

The People's Bank of China (PBOC) says that Jack Ma's Ant Group has taken further measures in response to pressure from regulators...

China’s Biggest Bank Opens up to Applications for Digital Renminbi Wallets in Shenzhen

The Industrial and Commercial Bank of China (ICBC) is making digital renminbi wallets available to consumers in the southern tech hub of...

Chinese Central Bank Outlines Efforts to Improve Execution of Monetary Policy

A senior official from the People's Bank of China (PBOC) has published a paper on its official website outlining current plans to...

Foreign Investors Raise Holdings on China’s Interbank Bond Market by over 1 Trillion Yuan in 2020

The latest data from the Chinese central bank points to a sharp rise in investment by foreign institutional investors on China's interbank...