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China's virtual Yuan DCEP System to be released in Hong Kong

News | Online & Mobile Banking | 14 Aug 2020

China’s virtual yuan (CBDC), also referred to as digital currency electronic payment (DCEP) has been announced for testing in Hong Kong’s Greater Bay Area in August 2020.

China, Hong Kong, virtual yuan, DCEP System, CBDC, Greater Bay Area, digital currency, digital currency electronic payment, Guangzhou, Shenzhen, Macau, financial centre, financial infrastructure, Guangdong, South China, international adoption, virtual banking system

China-based financing platform OneConnect grants first DLT-based loan

News | Payments General | 07 Jan 2020

China-based fintech OneConnect has announced that it has granted the first loan on its blockchain based financing platform for SMEs.

OneConnect, financing platform, B2B payments, lending, B2B lending, SME financing platform, ICBC, China Construction Bank, China, Asia, APAC, digital government, Guangdong