Caixin Global – Latest China News & Headlines

Home >


CX Tech is Caixin Global's real-time tech news portal, featuring 24-hour news, short-form analysis, and roundups from business and tech media in China.

China Chip Exec Says Crunch Could End by Mid-2022
China Chip Exec Says Crunch Could End by Mid-2022
Air Taxi Developer’s Listing Shows Tencent Can’t Shake Its Flying Car Dreams
Apple Hopes Cheaper IPhones Will Woo Chinese Customers
Two Chinese Tech Stocks Sizzle on Latest Hot Concept in Virtual Reality
China Tech Stocks Stumble in Rush Back Toward Bull Market
WeRide Joins With Carmaker, Courier to Commercialize Self-Driving Delivery Vans Dada’s Autonomous Delivery Investment Undercuts Revenue Jump
Non-Innovative Medtech Companies Are Winning Too Much Venture Capital, Official Says
Chipmaker SMIC Inks Deal With Shanghai for $8.8 Billion Factory
Tech Insider: EV Sales a Mixed Bag, MediaTek Stays on Top, Xiaomi’s New Direction
BGI’s Gene Sequencer Spin-Off Approved for Shanghai IPO
Smartphone Giant Xiaomi Officially Revs Up Smart Car Business
China’s GPS Alternative Gets Regulatory Roadmap in Push to Boost Adoption
Meituan Faces Fresh Regulatory Trouble Over Mobike Acquisition
China Hammers Mobile Gaming Industry With Tough New Limits
ByteDance Acquires China’s Largest Virtual Reality Headset Maker
Microchip Design Specialist Arm China Takes a Turn Into Autonomous Driving
Tech Insider: Self-Flying Hopeful EHang Runs Into Turbulence, Chipmaker Arm China Joins Auto Drive, iQiyi Gives Up on Its Idols
Self-Flying Vehicle Specialist EHang Hits Earnings Turbulence
Volvo to Buy Chinese Truck Manufacturer to Capitalize on Delivery Boom
China’s Central Bank to Release New Banknotes and Coins in August

By Zhao Runhua and Peng Qinqin / Apr 30, 2019 05:46 AM / Finance

Photo: PBOC

Photo: PBOC

After more than a decade, China is finally releasing newly patterned banknotes and coins, the central bank said Monday in a statement.

Starting Aug. 30, new banknotes of 50 yuan ($7.43), 20 yuan, 10 yuan, and 1 yuan, as well as coins of 1 yuan, 0.5 yuan, and 0.1 yuan, will be released and in circulation, the central bank said.

The new patterns, though not very different from existing ones, are designed to be harder for counterfeiters to copy.

Though a dynamic digital payment ecosystem in China offers cashless convenience, legal currency renminbi banknotes and coins are still important, said Zhang Meng, a central bank official.

Related: Charts of the Day: China’s Digital Payment Duo Heads Abroad

Share this article
Open WeChat and scan the QR code