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Bank of China

30 December, 2023

Chinese state-owned entities settle $14M cross-border gold trade with digital yuan

Other participants include the Shanghai Financial Exchange International Board and the Bank of China (Hong Kong), with participants pledging increased...

UBS joins Hong Kong’s second digital green bonds issuance

Business

Wahid Pessarlay

28 December, 2023

UBS joins Hong Kong’s second digital green bonds issuance

UBS is joining other major banks in Hong Kong's second digital green bond issuance, launching in February 2024 with a...

Chinese banks partner with foreign counterparts to boost CBDC adoption

Business

Wahid Pessarlay

26 October, 2023

Chinese banks partner with foreign counterparts to boost CBDC adoption

Chinese banks form global digital currency partnerships to boost CBDC adoption amid regulatory challenges and international economic concerns.

Digital yuan mobile app now accepts Visa, Mastercard top-ups for tourists

Business

Wahid Pessarlay

29 September, 2023

Digital yuan mobile app now accepts Visa, Mastercard top-ups for tourists

The new update will allow users of the digital yuan app to top-up via Mastercard and Visa payment options as...

Business

Wahid Pessarlay

15 July, 2023

Bank of China tests digital yuan SIM card payments using NFC technology

Aside from the CBDC functionality, the Bank of China stated that the SIM cards may support several applications, including access...

Second iteration of cross-border CBDC pilot between China, Hong Kong falters

Business

Wahid Pessarlay

24 June, 2023

Second iteration of cross-border CBDC pilot between China, Hong Kong falters

The CBDC pilot initiative hit a road bump following several user complaints, including the limited number of merchants accepting the...

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Wahid Pessarlay

26 Dec 2024

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