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Search Results for: digital yuan

China rolls out digital yuan for subway payments in Beijing, Suzhou
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3 July, 2021

China rolls out digital yuan for subway payments in Beijing, Suzhou

The municipal government of Beijing announced that users of the Industrial and Commercial Bank of China digital app would be...
Hong Kong to study retail CBDC as it links China’s digital yuan to domestic payments
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11 June, 2021

Hong Kong to study retail CBDC as it links China’s digital yuan to domestic payments

While announcing a roadmap that seeks to strengthen the region’s fintech sector, the HKMA revealed it has been collaborating with...
China giving away $6 million in Beijing digital yuan test
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7 June, 2021

China giving away $6 million in Beijing digital yuan test

The Beijing Local Financial Supervision and Administration Bureau plans to give away 200 red envelopes to local residents, with each...
Alipay to enable test of digital yuan
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14 May, 2021

Alipay to enable test of digital yuan

The move was made possible by the involvement of MYbank, one of the leading internet-only banks in China, which is...
China’s retail giant JD.com pays employees with digital yuan
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30 April, 2021

China’s retail giant JD.com pays employees with digital yuan

JD.com confirmed recently that aside from the employees, it has also been paying off some of its business partners with...
Digital yuan ‘no threat to US dollar, Bank of Japan official says
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23 April, 2021

Digital yuan ‘no threat to US dollar, Bank of Japan official says

A senior executive at the Bank of Japan has said China’s forthcoming digital currency does not pose a threat to...
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