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digital yuan

Digital yuan trials included in 5-year modernization plan for Shanghai district
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2 February, 2024

Digital yuan trials included in 5-year modernization plan for Shanghai district

Chinese authorities have confirmed a modernization plan for Shanghai's Pudong New Area, focusing on establishing a new commercial hub and...
Chinese state-owned entities settle $14M cross-border gold trade with digital yuan
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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...
China, Singapore launch digital yuan cross-border payments pilot for tourists
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14 December, 2023

China, Singapore launch digital yuan cross-border payments pilot for tourists

The Monetary Authority of Singapore and People's Bank of China have signed the MOU to allow Chinese and Singaporean tourists...
China’s digital yuan pilot gathers steam
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9 December, 2023

China’s digital yuan pilot gathers steam

The future of CBDC transactions is on the horizon as more banks onboard China's digital yuan pilot, exploring various use...
Digital yuan’s merchant fee removal worries point-of-sale manufacturers
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26 November, 2023

Digital yuan’s merchant fee removal worries point-of-sale manufacturers

China's digital yuan rollout prompts concerns among point-of-sale manufacturers about potential earnings decline, leading the PBoC to explore incentives for...
Shenzhen ramps up CBDC adoption with first-ever e-CNY industrial park
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11 November, 2023

Shenzhen ramps up CBDC adoption with first-ever e-CNY industrial park

Shenzhen, aiming for a widespread digital yuan adoption, Shas unveiled an industrial park housing various financial institutions that will serve...
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