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People’s Bank of China

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

Shenzhen pilot program highlights potential for digital yuan
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31 October, 2020

Shenzhen pilot program highlights potential for digital yuan

The digital yuan is not a digital currency like Bitcoin, but a virtual fiat currency issued and controlled by the...
China’s new draft law seeks to legalize digital yuan but ban competitors
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29 October, 2020

China’s new draft law seeks to legalize digital yuan but ban competitors

In a new draft law, the bank proposed banning any yuan-pegged digital tokens, effectively killing off any competitor to its...
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