Caixin
Caixin Global – Latest China News & Headlines

Home >

ABOUT US

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.

TRENDING
Chinese Robot Startup Unitree Gears Up for Market Debut
LATEST
Chinese Robot Startup Unitree Gears Up for Market Debut
China Enforces AI Content Labeling Rules to Curb Misuse
Tech Brief (Sept. 2): China Rolls Out Mandatory AI Labeling
Meituan Enters Open-Source AI Race With LongCat Model
Tech Brief (Aug. 29): SenseTime Reports Strong AI Growth
All Hail the Driverless Taxis as China Eyes a $183 Billion Market
Tech Brief (Aug. 27): Cambricon Reports $128 Million Profit, Stock More Than Doubles Since July
Tech Brief (Aug. 26): Musk’s xAI Sues Apple and OpenAI Over Alleged AI Market Monopoly
Exclusive: NetEase’s Youdao CEO Explains How AI Agents Could Build a Future of Virtual Teachers
Ant Group Teams up With Top Beijing Hospital to Launch AI Healthcare Lab
Didi and Meituan Clash in Brazil as Food Delivery Battle Goes to Court
Google Denies Rumors It Is Resuming Full Services on Chinese Mainland
China Proves a Winner in the Gaming Market as Growth Hits a Five-Year High
China’s Booster Robotics Lands New Funding as it Hits a Winning Streak
Amazon to Shut Down Shanghai AI Lab Amid Strategic Shift
Cover Story: A New Gold Rush Begins in China’s Hard Tech Sector
Humanoid Robotics Startup Robot Era Secures $69 Million Series A Funding
China’s Zhipu AI Secures $140 Million Investment From Shanghai State Funds Amid IPO Push
In Depth: AI Agents Trigger the Next Tech Battlefield in China
Cover Story: Alibaba Fights Tencent for Dominance Over AI in China
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