People’s Bank of China

China unveils first digital yuan physical card in Shanghai
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12 January, 2021

China unveils first digital yuan physical card in Shanghai

Unlike in Shenzhen, Beijing and Suzhou, the People’s Bank of China is expanding beyond the use of smartphones to make...
Digital yuan not a replacement for the US dollar: ex-PBoC governor
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17 December, 2020

Digital yuan not a replacement for the US dollar: ex-PBoC governor

China had learned a lesson from the hostile reception Libra, now Diem, has received globally, according to the former governor...
Suzhou residents make 20,000 digital yuan transactions on Double 12
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16 December, 2020

Suzhou residents make 20,000 digital yuan transactions on Double 12

Chinese residents in the city of Suzhou made close to 20,000 transactions in a digital yuan trial on e-commerce giant...
China and Hong Kong working on digital yuan cross-border payments
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9 December, 2020

China and Hong Kong working on digital yuan cross-border payments

Hong Kong’s central bank has been working with China’s digital currency institute to trial the use of the digital yuan...
China to develop new CBDC test zone in Beijing
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14 November, 2020

China to develop new CBDC test zone in Beijing

The PBoC’s Digital Currency Research Institute announced that it was planning to build a ‘legal digital currency test zone’ in...
PBoC Governor gives DC/EP update
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2 November, 2020

PBoC Governor gives DC/EP update

During Hong Kong Fintech Week, People’s Bank of China (PBoC) governor Yi Gang gave several updates on the digital yuan