Digital yuan

Twelve new banks to be added to e-CNY programme

The hub will support digital finance trade, investment, innovation, and strengthen the country’s overseas financial links

The two firms propose China allow the launch of stablecoins in Hong Kong pegged to its offshore renminbi to help promote global use of the Chinese currency

Pan Gongsheng expects several key global currencies to coexist in mutual competition and checks and balances

CHINA’S central bank governor Yi Gang said on Wednesday (Jul 19) the country’s digital currency in circulation reached 16.5 billion yuan (S$3 billion) as of end-June.

CHINESE digital currency-related stocks jumped on Monday (Apr 24) in a weak broader market, amid the latest measures that China is taking to promote the use of its own central bank digital currency (C...

CHINA’S central-bank digital currency is little used, a former official of the People’s Bank of China (PBOC) said on Wednesday (Dec 28), financial news outlet Caixin reported.

The e-CNY will be more than just a paperless version of cash for China’s local economy. Its use in trade settlement poses a challenge to the dollar.

FINANCIAL messaging system Swift has laid out its blueprint for a global central bank digital currency (CBDC) network following an 8-month experiment on different technologies and currencies.