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China Digital Currency News - Caixin Global

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

MOST RECENT
10 23, 2025 04:19 AM

Hong Kong Races Ahead of U.S. With First Spot Solana ETF

ChinaAMC’s new fund follows earlier approvals of spot Bitcoin and Ethereum ETFs, spotlighting Hong Kong’s digital asset ambitions

10 21, 2025 09:47 AM

Interview: HKMA’s Fintech Chief on Forging Hong Kong’s Digital Asset Future

George Chou details the de facto central bank’s efforts to test out asset tokenization, improve cross-border payments, and build a regulatory regime for stablecoin issuers

10 20, 2025 14:30 PM

U.S. Trade Tensions to Overshadow APEC Summit in South Korea

Leaders are gathering amid renewed tariff threats and uncertainty over U.S. President Trump’s participation in the main event

10 06, 2025 12:52 PM

Commentary: Can Japan’s New Premier Fix the Country’s Old Problems

The economy has stagnated for years, hampered by an aging population and a rigid corporate culture. Sanae Takaichi’s new ‘rising sun’ vision will remain a fantasy unless she makes deep reforms

09 30, 2025 16:31 PM

Hong Kong on Track to Issue First Stablecoin Licenses in Early 2026

Financial secretary says the process is proceeding as planned, as the city focuses on building a regulated digital asset ecosystem that balances innovation with risk management

09 29, 2025 18:45 PM

China Launches Digital Yuan International Hub to Spur Cross-Border Use

Shanghai center unveils three platforms for payments, blockchain services and digital assets

09 26, 2025 19:36 PM

Hong Kong Unveils Roadmap to Bolster Bond Market, Offshore Yuan Hub

Regulators lay out 10 key measures focused on issuance, liquidity, yuan internationalization and digital infrastructure to attract global capital

09 23, 2025 11:13 AM

Analysis: China Fortifies Its Financial Defenses

Beijing is accelerating its push for yuan internationalization, digital currencies and alternative payment systems to shield its economy from geopolitical risks and the dollar’s dominance

09 10, 2025 17:28 PM

Commentary: London Trial of Bitcoin ‘Mastermind’ Is a Landmark Test for Global Justice

The trial of Qian Zhimin, scheduled to begin Sept. 29, will stand as a measure of how courts confront cross-border financial crime in the era of digital currency

09 09, 2025 16:21 PM

Business Brief (Sept. 9): China and ASEAN Conclude Free Trade Agreement 3.0 Negotiations

Xiaomi manager dismissed for leaking confidential information, QCraft to partner with Qualcomm

09 08, 2025 04:47 AM

Cover Story: How the Yuan is Taking Over the Dollar’s Role in Global Trade

Economists argue an offshore yuan stablecoin could offer a viable alternative to the dollar

09 05, 2025 12:40 PM

Commentary: The Enduring Logic Behind Gold’s Record Highs

Geopolitical shifts, a weakening dollar and eroding faith in central banks are fueling a long-term rally that has yet to peak

08 26, 2025 15:14 PM

Commentary: Trump’s New Playbook to Target Global Trade and Financial Systems

U.S. President Donald Trump’s new tariff regime and embrace of stablecoins are designed to subvert the World Trade Organization and extend the U.S. dollar hegemony, forcing China to devise urgent countermeasures

08 15, 2025 21:08 PM

Ant Group’s Bid to Acquire Hong Kong Brokerage Faces Hurdles as Internet Platforms Remain Under Heightened Regulation

Ant Group’s attempt to acquire 50.55% of Hong Kong-listed Bright Smart Securities for HK$2.814 billion (US$360 million) has stalled, pending approvals from Chinese regulators including the NDRC and multiple financial authorities. Regulatory scrutiny focuses on compliance and illegal cross-border brokerage issues; prior attempts by Ant and other internet firms to secure brokerage licenses have also failed. Ongoing uncertainty over Ant’s acquisition and regulatory stance has led to volatile Bright Smart stock prices and limited strategic clarity for both companies.

08 15, 2025 20:08 PM

In Depth: Digital Scammers Find Analog Opportunity Exploiting Delivery Rules

Fraudsters have substituted increasingly traceable electronic payments with physical delivery of cash and other valuables using lightly regulated van-for-hire apps

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