Friday, October 30, 2020
Tags Digital renminbi

Tag: Digital renminbi

Fintech

Fake Digital Renminbi Wallets Have Already Emerged on the Chinese Market: Chinese Central Bank

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Chinese regulators are already contending with the appearance of fake wallets for the statutory digital currency which is currently undergoing trial operation...
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Fintech

Yangtze River Delta Digital Financial Data Centre Will Issue Digital Renminbi

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A new fintech institution launched in the eastern Chinese economic hub of the Yangtze River Delta will play a key infrastructure role...
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Fintech

Chinese Central Bank Says No Competitive Relationship Between Digital Renminbi and Alipay or WeChat Pay

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The head of the People's Bank of China's (PBOC) Digital Currency Research Institute has provided more details on the potential impact of...
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Fintech

Development of Dual Offline Digital Renminbi Wallets Is Complete: Chinese Central Bank’s Digital Currency Chief

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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...
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Fintech

Digital Renminbi Will Enable Precision Control of Money Supply: Ex-Bank of China Head

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Li Lihui (李礼辉), former head of the Bank of China and current head of blockchain research at China's National Internet Finance Association,...
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Fintech

Shenzhen Lottery Winners Use Digital Renminbi to Pump Fuel, Pay for Meals

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The winners of a recent digital renminbi lottery held in the southern tech hub of Shenzhen have used some of their proceeds...
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Fintech

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

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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

1.91 Million People Took Part in Shenzhen’s 10 Million Yuan Digital Renminbi Lottery

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A 10 million yuan lottery held in the southern Chinese tech hub of Shenzhen to distribute the digital renminbi has attracted the...
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Fintech

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

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

Digital Renminbi Will Not Accrue Interest or Incur Services Fees, Commercial Banks Responsible for Exchange: PBOC

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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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Anhui Province Undertakes Trial Scheme for SME Emergency Loans to Enteprises Affected by COVID-19 and Flooding

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The inland Chinese province of Anhui has announced the start of a trial scheme for the provision of emergency loans to local...
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ByteDance Establishes Artificial Intelligence Subsidiary in Fujian Province

Fintech CBNEditor - 0
ByteDance, the company behind social media giant TikTok, has just established a tech subsidiary in Fujian province whose business scope includes artificial...
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Alibaba Unveils Plan for Greater Digitisation of Cross-border Trade

Fintech CBNEditor - 0
Chinese e-commerce giant Alibaba has unveiled an ambitious new plans to support the use of e-commerce by small businesses.
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Lending to Private Enterprise Increases 5.4 Trillion Yuan During Jan – Sep Period: CBIRC

Banking CBNEditor - 0
The latest data from the China Banking and Insurance Regulatory Commission (CBIRC) points to a sizeable increase in lending to private enterprises...
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