Standard Chartered Bank Begins Offering Digital Yuan Exchange Services in China
Standard Chartered Bank (China) has turn out to be one of many first international banks to take part in China’s central financial institution digital forex...
People’s Bank of China Tests Digital Yuan Payment Integration in Hong Kong
The People’s Bank of China (PBOC) and the Hong Kong Monetary Authority (HKMA) are within the second part of the combination checks of the digital...
Evergrande’s Economic Tremors Trigger Bank Run in Northern China
Several experiences say that the most important Chinese actual property developer Evergrande’s downfall triggered a financial institution run in northern China final week. The financial...
China’s Central Bank: Digital Yuan Transactions Reach $250 Billion
China’s central financial institution governor has revealed that transactions utilizing the nation’s central financial institution digital foreign money (CBDC) reached 1.8 trillion yuan ($250 billion)...
Inflation in China Down to Lowest Number in More Than Two Years; Analyst Proposes Giving Cash Handouts to Avoid Deflation
Inflation in China registered a rise of 0.1% year-over-year in April, in line with numbers from the National Bureau of Statistics of the nation, falling...
China Keeps Stockpiling Gold, Adds 18 Tons in March to Reach 2,068 Tons in National Reserve
The People’s Bank of China (PBOC) reported a rise within the nation’s gold reserves of 18 tons in March, persevering with its shopping for spree....
Regulators Should Heed Crypto Risks When Innovating Regulation, Says Chinese Central Bank Official
A senior People’s Bank of China (PBOC) official has urged regulators to think about cryptocurrency dangers and fraud that might result in financial institution failures...
China’s Wechat Adds Support for Digital Yuan Payments
Chinese social media platform Wechat has launched assist for the state-backed digital yuan in its well-liked cost app. Over a billion customers will now ostensibly...
Chinese Economist Urges Government to Reconsider Crypto Ban — Warns of Missed Tech Opportunities
An economics professor and former adviser to the People’s Bank of China has urged the Chinese authorities to rethink its ban on cryptocurrencies. He warned...
China’s Digital Yuan Little Used, Former Central Bank Official Says
Trials of the digital yuan have produced disappointing outcomes, in keeping with a report quoting the previous head of analysis on the Chinese central financial...