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A former governor of the China-based central bank has addressed the sovereign digital currency issue, the digital CNY being designed to grow retail payments at home and prevent USD dominance.
China, digital yuan, digital CNY, retail payments, stable coins, digital currency, Bank of China, DCEP, electronic payment
Chinese Central Bank Digital Currency (CBDC) will soon be tested in ‘Guangdong-Hong Kong-Macao Greater Bay Area, Beijing-Tianjin-Hebei region, and Yangtze River Delta region’ according to China’s Ministry of Commerce.
central bank digital currency, CBDC, China, digital yuan, Bank of China, China Construction Bank, Industrial and Commercial Bank of China, Agricultural Bank of China, digital wallet app, accounts, money, payments , money transfer
Hong Kong, online banks, banking licences, Ant Financial, Standard Chartered, Tencent, HSBC, Bank of China, virtual banking
Bank of China’s New York branch will enable Chinese companies to receive payments in yuan for their sales on the US ecommerce platforms.
Bank of China, payments , US, ecommerce platform, ecommerce, e-MPay, cross-border payments
The China Banking Association has announced launching a new blockchain-based platform for trade finance.
The China Banking Association, blockchain-based platform, trade finance, HSBC (China), Bank of China, China Merchants Bank, Ping An Bank, China Postal Savings Bank