Tags Digital currency/electronic payments

Tag: 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...

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.

Fintech

Chinese Central Bank Announces that Digital Renminbi Is Ready for Deployment

CBNEditor - 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...

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...

Economy

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

CBNEditor - 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....

Fintech

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

CBNEditor - 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...

Banking

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

CBNEditor - 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...

Banking

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

CBNEditor - 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...

Fintech

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

CBNEditor - 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...

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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Ex-PBOC Deputy Governor Warns of “Biden’s Overheating” and “Sword of Inflation” After Unveiling of USD$1.9T Stimulus Package

Economy CBNEditor - April 12, 2021 0

One of China's leading economists has warned of the major risk implications of the mammoth USD$1.9 trillion stimulus package unveiled by the...

Tag: Digital currency/electronic payments

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