A project by Galaxy Securities and ICBC to use CBDC for investments is included in Beijing's capital market fintech innovation trials.
May 30, 2023Xuzhou will use the e-CNY for payment of Belt and Road trade costs; Changshu City will use it to pay civil servants.
April 28, 2023HKMA deputy chief Darryl Chan said there is scope to expand the Wealth Management Connect scheme and use CDI data for cross-border finance.
April 26, 2023The integration of third party payments platforms is expected to boost e-CNY adoption while preventing the displacement of existing players in China's payments sector.
December 17, 2022PBOC deputy governor Fan Yifei has been placed under investigation over allegations of “severe violations of discipline and law”.
November 7, 2022The central bank will expand its digital yuan testing to include Guangdong, Jiangsu, Hebei and Sichuan in their entirety.
September 22, 2022The PBOC's Zou Lan said the digital currency has played a positive role in promoting consumption, boosting domestic demands, and stabilising economic growth.
July 20, 2022The highest ranking retail CBDC projects were from Nigeria, the Bahamas, and China. The highest ranking wholesale CBDC projects were from Thailand, Hong Kong and Singapore.
April 14, 2022The e-CNY has been tested in ten cities. The PBOC will extend the pilot to additional cities including Hangzhou, which will host the Asian Games in September.
April 5, 2022Observers say China's “zero Covid policy” has limited its ability to showcase the e-CNY to a wider population.
February 9, 2022