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China

DBS Bank floats digital yuan offering for corporate clients in China
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11 July, 2023

DBS Bank floats digital yuan offering for corporate clients in China

DBS Bank backs the mass adoption of China's CBDC, laying plans to launch a new offering that would allow mainland...
China’s Jinan city accepts digital yuan as payment for bus rides
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9 July, 2023

China’s Jinan city accepts digital yuan as payment for bus rides

The pilot will run from July 1 until September 30 and is designed to enable administrators to test-run a full-scale...
China tightens rules in exporting metals used for AI chip-making
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8 July, 2023

China tightens rules in exporting metals used for AI chip-making

Export of certain gallium and germanium products requires a Chinese government-issued license with the addition of limits on the amounts...
China Mobile establishes metaverse alliance amid several big tech operations
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5 July, 2023

China Mobile establishes metaverse alliance amid several big tech operations

One of the alliance's objectives is to improve metaverse development in China; it also plans to create an investment fund...
Shanghai eyes nearly $7B from metaverse investment in culture, tourism sectors
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2 July, 2023

Shanghai eyes nearly $7B from metaverse investment in culture, tourism sectors

Following initiatives from neighboring cities, Shanghai is building its metaverse ambitions under a recently published roadmap focusing on revitalizing its...
Shanghai Clearing House floats digital yuan services for commodity trading
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30 June, 2023

Shanghai Clearing House floats digital yuan services for commodity trading

One of the changes of the new regime is abolishing the 2022 “Guidelines for the Spot Clearing Business of Bulk...
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