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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
04 13, 2021 16:09 PM

In Depth: Can China Overtake U.S. to Become World’s Top Consumer?

China’s 1.4 billion people are already top buyers of cars and smartphones, but they will have to start spending a lot more on services for the country to be No. 1

04 02, 2021 09:16 AM

CX Daily: China’s Carbon-Reduction Plans Turn Up the Heat on Steel Capital

Arm says its latest chip architecture could be licensed to Huawei. China and U.S. exchange orbit data on each other’s Mars probes

04 01, 2021 20:07 PM

China’s Central Bank Tests Virtual Yuan Across Borders

Under a one-day PBOC-sponsored pilot program, Hong Kong residents were allowed to use the digital currency to make payments in neighboring Shenzhen

03 25, 2021 09:33 AM

CX Daily: China Telecom Comes Home With Mainland Listing

China issues its annual U.S. human rights report. Shanghai will provide Covid-19 vaccinations to foreign residents

03 24, 2021 20:12 PM

PBOC Says SWIFT Venture Aims to Iron Out Cross-Border Payment Issues

Finance Gateway aims to improve the stability of domestic connections with the global financial messaging system

03 22, 2021 20:30 PM

China’s Central Bank Digital Currency Will Offer Greatest Privacy Protection, Official Says

Lower information requirements for signing up to digital yuan can keep more data private, says PBOC’s digital currency chief

03 18, 2021 19:41 PM

Cops Bust Fraudsters Using Cryptocurrencies to Launder Ill-Gotten Gains

The case highlights how digital money is becoming a growing problem for law enforcement and financial regulators

03 16, 2021 09:11 AM

CX Daily: North China Bathed in Orange as Vast Sandstorm Descends

China eases visa rules for foreigners who get Chinese vaccines. Huawei and four other companies are designated as threats to U.S. national security

03 06, 2021 19:31 PM

How China’s Digital Yuan Plans Could Bring Bitcoin’s Rally Unstuck

Central banks’ power to issue virtual money and proscribe rivals is a major risk for the crypto sector

03 02, 2021 16:27 PM

He Yafei: Global Unity Needed to Face Unprecedented Challenges

Humanity won’t be able to overcome the difficulties posed by the confluence of traditional and nontraditional security threats like the pandemic and climate change

02 25, 2021 09:42 AM

CX Daily: The Brutal Human Cost of Pinduoduo’s Breakneck Expansion

Hong Kong hikes the stamp duty on stock trades for the first time since 1993. China dominates the global 5G market

02 24, 2021 17:56 PM

PBOC Joins Hong Kong and Thailand in Cross Border Digital Currency Project

The m-CBDC Bridge aims to facilitate real-time cross-border transactions

02 23, 2021 09:30 AM

CX Daily: HNA Group’s Final Crisis

China mulls easing capital controls on citizens' offshore investments. Who will be the successor to a powerful businesswoman?

02 22, 2021 19:34 PM

Caixin China Biz Roundup: Diving into China’s Digital Currency Ambitions

In today’s episode: what former central bank chief has to say on the nation’s plans to build its own digital currency payments system; Beijing increases rare earths output quotas to a record high, possibly easing fears of export ban; and the country's efforts to tackle chemicals and compounds in the water cycle that could potentially harm human health

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