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Digital Currency
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
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
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
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
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.
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
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
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
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
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
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
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
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
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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