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Multi-central bank DC project mBridge enters new stage, foretelling highly efficient cross-border settlement foreseeable in future
When cross-border settlement facilitation arouses increasing attention among countries around the world, developing central bank digital currency (CBDC) is of rising importance in addressing related issues as a viable solution.
June12,2024
China's digital currency burgeons with more using scenarios
China has seen more test activities of digital currency recently, which cover larger population and more using scenarios.
April23,2021
Economic Watch: China eyes retail system upgrading with digital currency development
China is aiming to upgrade its domestic retail system by further developing its digital currency. Gradual steps will expand its use via trials, according to the country's monetary authorities and experts.
April20,2021
Xinhua Commentary: Digital yuan trial heralds inclusive tech future
As China is testing the water before launching central bank digital currency, the country's southern tech hub Shenzhen has taken a further step by conducting another trial run and enlarging its test population by 500,000.
April13,2021
China joins Thailand, UAE in digital currency research project
Central banks of China, Thailand and the United Arab Emirates as well as Hong Kong Monetary Authority have launched the Multiple Central Bank Digital Currency Bridge project to study the application of CBDC in the field of cross-border payment, the People's Bank of China said Wednesday.
February25,2021
China Focus: Digital currency issued to boost Spring Festival consumption
Several Chinese cities are using digital renminbi (RMB) to boost consumption during the upcoming Spring Festival and promote the use of the new form of currency.
February08,2021
S. China's Shenzhen issues another 20 mln digital yuan in pilot program
South China's city of Shenzhen in Guangdong Province, one of the first batch of cities to pilot digital yuan in China, has recently issued another 20 million yuan (about 3.09 million U.S. dollars) in 100,000 red packets, part of a larger scale pilot program in 2021.
January18,2021
Beijing municipality pilots digital currency in payment scenario
Beijing, capital of China, launched the pilot program of digital currency on Tuesday in its Fengtai District, allowing authorized consumers to pay through digital currency wallet, reported Beijing Daily.
December30,2020
China's Shenzhen to issue 10 mln digital yuan in pilot program
China's southern boomtown of Shenzhen will issue 10 million yuan (about 1.47 million U.S. dollars) worth of digital currency in a pilot program to promote the application of the new form of currency.
October10,2020
China's ride-hailing giant Didi, central bank partner on use of digital currency in smart travel scenarios
China's ride-hailing giant DiDi Chuxing (Didi), announced on Wednesday that it had inked a strategic cooperation agreement with the digital currency research institute of the People's Bank of China (PBOC), the country's central bank, to explore application of digital yuan in smart travel scenarios.
July09,2020
PBOC expected to adopt double-layer operating system for digital currency, expert
Chinese central bank, the People’s Bank of China (PBOC) is expected to adopt a double-layer operating system for the digital currency/electronic payment (DC/EP), reported Economic Information Daily citing experts on the China Finance 40 Yichun Forum.
August12,2019
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