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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
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

02 20, 2021 09:30 AM

Zhou Xiaochuan: China’s Choices in Developing Its Digital Currency System

Former central bank chief explains the reasoning behind the country’s digital currency payments system

02 09, 2021 20:23 PM

Central Bank’s New Venture May Signal Ambitions to Boost Digital Yuan’s International Role

PBOC’s linkup with global payments network SWIFT involves cross-border data security, facilitating international transactions, sources say

01 22, 2021 20:41 PM

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

01 20, 2021 20:50 PM

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

01 07, 2021 20:04 PM

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

01 04, 2021 16:12 PM

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

12 25, 2020 09:14 AM

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

12 24, 2020 06:11 AM

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

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