Topics
Digital Currency
China is taking the lead in the race to become the first major economy to officially launch a sovereign digital currency, as its ongoing pilot programs have made headlines and its central bank officials have been offering explanations about the issue and what’s behind Beijing’s digital yuan ambitions.
In Depth: China’s Digital Currency Ambitions Lead the World
The future of money is electronic and Beijing wants to own it
Central Bank Warns of Telecom Scams Involving Digital Yuan
Mu Changchun, head of Digital Currency Research Institute, discusses risks and prevention measures in Modern Bankers journal article.
CX Daily: The Shadowy Businessman Behind a Multibillion-Dollar Bank Swindle
The Chinese CDC discloses details of the mainland’s first monkeypox case. A former senior executive of China Construction Bank is probed
Hong Kong to Start Trial of E-HKD in Fourth Quarter
Pilot is part of a three-track strategy to give the city its own digital currency for everyday use by the general population
Caixin China Biz Roundup: Digital Yuan Trial Ramps Up
Virtual currency pilot expanded to four provinces; officials investigated following deadly Covid quarantine bus crash; and Europe’s demand for Chinese solar panels surges amid looming energy crisis
PBOC to Expand Digital Yuan Trial to Four Whole Provinces
The program has so far mostly covered cities, including Shenzhen, Suzhou and Chengdu
Weekend Long Read: How China Can Chart a Path Forward in International Trade
Despite the trade war with the U.S., China has stood firm because of its partnership with ASEAN. The country must ensure openness with other countries
CX Daily: The Challenges Ahead for China’s Digital Yuan
Flash floods in Sichuan province kill seven people. China’s youth unemployment rate rises to another record
Cover Story: The Challenges Ahead for China’s Digital Yuan
In its push to accelerate the e-CNY, the central bank faces big outlays for technology and processing capacity and the need for a robust regulatory infrastructure
CX Daily: Four Chinese Laws That Can Help People Protect Their Personal Information
China plans to tighten legislation around the digital yuan to protect user privacy and combat illegal activities
Central Bank to Beef Up Digital Yuan Rules to Address Privacy Issues
Users’ personal information will only be used when investigating illegal transactions
Tech Insider: Alibaba Probe Report Spooks Investors, Chinese Sorting Robots Headed to U.S.
Xpeng’s robotics offshoot closes $100 million funding round, crypto lender Celsius files for bankruptcy
Industrial Bank Joints Digital Yuan Pilot Program
Central bank expands trials to a 10th bank and 15 provinces, reporting $12.3 billion of transactions involving 4.6 million merchants
In Depth: To Keep Stimulus Flowing, China’s Local Governments Need a Budget Fix
Special treasury bonds have emerged as one possible solution to the fiscal gap that has widened as economy-boosting tax and fee cuts reduce localities’ revenues
Bitcoin Falls Below $20,000 for the First Time Since 2020
The largest token by market value tumbled more than 9% to $18,740.52 by early morning in London on Saturday, marking a record-breaking 12th straight day in the red
Israel and Hong Kong Team Up to Test Digital Currency Cyber Risk
Trial in third quarter will involve a two-tier central bank digital currency issued by the Bank of Israel
Sign in with Google
Sign in with Facebook
Sign in with 财新