Saturday, January 23, 2021
Tags Facebook China

Tag: Facebook China

Libra Won’t Succeed, Chinese Central Bank Will Be First to Launch Statutory Digital Currency: Top Chinese Politician

A leading Chinese politician has stated publicly that he does not expect Facebook's proposed Libra digital currency to prove a success.

Libra Could Signal Emergence of Globalised Hard Currency: Zhou Xiaochuan

The former head of the Chinese central bank says that Facebook's plans to launch its own cryptocurrency in the form of Libra...

People’s Daily Asks if Facebook’s Libra Will Open a Pandora’s Box

The official newspaper of the Chinese Communist Party has expressed strident concern over Facebook's plans to launch its own cryptocurrency in the...

Libra Will Be a Shock for Existing Financial and Monetary System: China’s National Institute of Financial Research

The head of one of China's leading financial and economic think tanks has expressed concern about the potential impacts of Facebook's plans...

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Users of Everbright’s Cloud-Driven Utilities Payment Platform Exceeded Half a Billion in 2020

China Everbright Bank has seen users of its cloud-based utilities payments service surge in 2020, as the COVID-19 pandemic drove sharp gains...

China Unlikely to See Real Estate Loan Rates Decline in 2021 as LPR Holds Steady for Ninth Month Straight

Domestic analysts say that Chinese banks are unlikely to significantly reduce rates for real estate loans in 2021, as regulators continue to...

Chinese Central Bank Unveils Anti-Trust Measures Permitting Break up of Third-Party Payments Platforms

The People's Bank of China (PBOC) will have the power to recommend the dismantling of third party payments platforms under new measures...

Pinduoduo Owner Applies for Payments Trademark

A major shareholder in NASDAQ-listed agricommerce platform Pinduoduo has applied with Chinese authorities to register a Pinduoduo-related payments trademark.