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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
Cash May Not Be King in China Anymore, but Reject It at Your Peril
Central bank punished 16 entities in the fourth quarter for refusing to accept paper money from customers
South China City’s Digital Currency Test Aims to Keep Migrants From Heading Home for the Holidays
Shenzhen will hand out $3.1 million that can only be spent in the city in the days leading up to the Lunar New Year
Wang Tao: Six Trends to Follow in China’s Economy in 2021
UBS’s chief China economist predicts a global recovery will help push Chinese export growth to 10% next year
Bitcoin Breaches $34,000 as Rally Extends Into New Year
The world’s largest cryptocurrency gained as much as 9.8%, continuing to rally since a March crash saw it lose 25% amid the coronavirus pandemic
CX Daily: China Launches Antitrust Probe Into Alibaba
China’s top regulators plan to hold talks with Ant Group. Sina is one step closer to delisting from the Nasdaq exchange
Opinion: What China Should Do Next to Globalize the Yuan
China needs to improve the depth, breadth and liquidity of domestic financial markets if the yuan is to challenge the dollar, writes Gao Zhanjun
Bank DBS to Launch Digital Currency Exchange
The crypto exchange is expected to start as early as next week, while the securities platform will be set up in the next few months
Shanghai Jumps Into Global Top 10 of Attractive Cities
No. 5 Singapore expects higher place next year; No. 3 Tokyo struggles with talent
CX Daily: How Chinese Apartment Rental Giant’s Business Fell Apart
Hong Kong prepares to test the digital yuan while JD.com becomes China’s first online mall to accept it
JD.com Becomes China’s First Online Mall to Test Digital Yuan
The e-commerce giant’s fintech affiliate will launch a pilot program this month in which customers can pay for certain items with digital yuan
Hong Kong Prepares to Test Digital Yuan
People’s Bank of China will team up with Hong Kong Monetary Authority for trial, which will allow the digital currency to be used for cross-border payments
Editor’s Picks: Sino-U.S. Tensions Heighten; Privacy Law Debates March On
Regulators mull how to supervise ‘too big to fail’ banks, and state firms confront increasing financing difficulties amid new wave of defaults
CX Daily: China’s Digital Currency Ambitions Lead the World
China's manufacturing activity growth hits decade high, Caixin data shows. The U.S. intends to add four Chinese companies to its blacklist
In Depth: China’s Digital Currency Ambitions Lead the World
The future of money is electronic and Beijing wants to own it
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