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China Digital Currency News - Caixin Global

While the Chinese government is concerned about the uncertain impact of Facebook's blockchain-based Libra, the PBOC is preparing to roll out its own digital currency soon.

In Depth: Facebook’s Cryptocurrency Ambition

Proposed Libra currency would start with a huge platform but still face regulatory doubts and management questions

MOST RECENT
11 25, 2020 09:25 AM

CX Daily: China's Baoshang Bank Cleared to Start Bankruptcy Proceedings

Overseas investors are to ramp up investment in Chinese mainland markets, portfolio managers predict

11 24, 2020 18:30 PM

Zhou Xiaochuan Suggests China and Singapore’s Digital Currency Cooperation Should Start With Retail

Ex-PBOC chief says focusing on retail sales would be safer and more efficient way of trialing digital currency

11 07, 2020 05:14 AM

China Talks Stimulus Exit Again as Economy Recovers

Central bank raises prospect of winding down monetary easing policies even as pandemic resurgence may force more stimulus in Europe and America

10 29, 2020 09:11 AM

CX Daily: China May Scrap Key Ingredient in Setting Yuan’s Daily Fixing

China's imports of U.S. crude oil hit a record high. Huawei founder Ren Zhengfei takes aim at China’s scientific research sector.

10 28, 2020 18:21 PM

China Has a Different Approach to Digital Currency Than Other Countries, Zhou Xiaochuan Says

PBOC has focused on domestic retail payments while seven other central banks have looked at cross-border transactions, according to its former governor

10 27, 2020 15:39 PM

Caixin-Sinica Business Brief: Understanding China’s Pledge to Achieve Carbon Neutrality by 2060

Plus, Sweden bans Huawei and ZTE from 5G network; central bank announces its digital currency will be able to be used without an internet connection; and one of the nation’s largest fast-food chains rolls out artificial meat options made from seaweed proteins

10 23, 2020 23:16 PM

China Business Digest: China Sets Up $22.5 Billion State-Owned South-to-North Water Diversion Group; Hong Kong Connect Opens China ETF Market to Global Investors

Goldman Sachs fined $350 million in HK; China must cut emissions 85% by 2050 to reach carbon neutrality; Mongolia delivers first of 30,000 sheep promised as pandemic relief

10 23, 2020 18:29 PM

China to Trial Digital Currency and It Doesn’t Matter if You’re Online

Central bank has worked out the technology so its virtual yuan works without an internet connection, official says

10 17, 2020 02:38 AM

50,000 Shoppers Give China’s Digital Yuan Its Biggest Test Yet

Central bank trial giving $30 of digital spending money to people in Shenzhen goes off without a hitch

10 16, 2020 04:16 AM

Former HKMA Chief Norman Chan Sets Up Digital Payment Firm

Round Dollar Wallet Technologies offers to ease cross-border payments and help trading companies manage foreign exchange risks

10 13, 2020 09:23 AM

CX Daily: Managing China’s $1.6 Trillion Private Investment Market

China’s central bank takes steps to slow yuan’s rapid rally. Qingdao is to test all 9 million residents for Covid-19 in five days

10 09, 2020 19:37 PM

China Gives Away $1.5 Million to Test Digital Currency

Shenzhen rolls out virtual yuan trial, handing out 50,000 digital coupons to spend at local shops

10 03, 2020 03:18 AM

China Business Digest: Caixin New Economy Index Records Third Straight Monthly Drop; Global Stock Markets Shake Off News of Trump’s Positive Covid-19 Test

Citing China’s dominance in rare earth minerals, Trump signs order aimed at expanding domestic production; newly formed Chinese national energy pipeline operators starts operations

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