China

Big Chinese banks announce involvement in mBridge CBDC project
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18 June, 2024

Big Chinese banks announce involvement in mBridge CBDC project

The BIS announced that its mBrdige had entered the Minimum Viable Product stage and revealed that Saudi Arabia's central bank...
HSBC extends digital yuan services for corporate clients, eyes new use cases
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16 June, 2024

HSBC extends digital yuan services for corporate clients, eyes new use cases

With talks of the commercial rollout of the digital yuan just around the corner, HSBC has started offering corporate clients...
Alibaba’s updated Tongyi Qianwen AI model to rival offerings from Meta, OpenAI
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16 June, 2024

Alibaba’s updated Tongyi Qianwen AI model to rival offerings from Meta, OpenAI

In terms of capabilities, Qwen2 could challenge existing AI models developed by tech giants OpenAI and Meta, with features such...
Fudan University’s 100 AI courses to boost digital literacy, AI talent
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11 June, 2024

Fudan University’s 100 AI courses to boost digital literacy, AI talent

The Chinese university plans to launch over 100 AI courses for its students across several faculties, with early plans to...
Digital yuan app removes ‘pilot’ from description, fueling speculation for production
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10 June, 2024

Digital yuan app removes ‘pilot’ from description, fueling speculation for production

The People’s Bank of China has yet to formally announce a mainstream rollout of the digital yuan, and local authorities...
mBridge members China, Thailand sign local currency agreement as they look to improve cross-border trade
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30 May, 2024

mBridge members China, Thailand sign local currency agreement as they look to improve cross-border trade

The framework is expected to allow China and Thailand to carry out international trade in the Chinese yuan or the...
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