The Industrial and Commerce Bank of China (ICBC) has enabled a feature allowing users to convert their digital yuan to cash at over 3,000 automated teller machine (ATM) locations in Beijing, Xinhua …
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Supported by WWF China, China Banking Association Establishes Expert Climate Working Group
On June 11, the China Banking Association, under the guidance of the China Banking and Insurance Regulatory Commission, launched a new expert working group to support the country’s plans to peak …
Explained: As G7 plans Build Back Better, here’s how much China has spent on Belt And Road Initiative
The B3W blueprint envisages actions in four key areas: climate, health, digital technology, and equality. However, additional details as to what the plan entails and what is the funding that developin …
Fintech, green finance alliance to address investment woes
China’s efforts to combine financial technologies with green finance will effectively fix the pain points of green finance and investment, although the country still faces several challenges in using …
Over 3,000 ATMs in Beijing can now convert digital yuan into cash
The Chinese digital yuan is now available for deposit and withdrawals at over 3,000 ATMs across Beijing, with the support of major local banks.
Digital Renminbi and Cash Exchange Service ATMs Launch in Beijing
Two banks in China have begun offering cash exchange services for the digital renminbi, according to reports from local media.
Chinese Commercial Bank Enables Digital Yuan-Cash Conversion at Over 3,000 ATMs
The Industrial and Commerce Bank of China has become the first bank in the country to launch a feature, converting cash to the digital yuan.
Beijing, Shanghai ATMs Start to Offer Digital Cash
Residents in Shanghai and Beijing can now get their hands on the country’s sovereign digital currency in exchange for cash at a number of automatic teller machines as China’s central bank promotes …
World Bank-backed Pacific undersea cable project ditched after US warned Chinese firms posed security threat
The East Micronesia Cable system was designed to improve communications in the island nations of Nauru, Kiribati and Federated States of Micronesia.
China’s Position on the Digital Service Tax
Given China’s unique digital economy, the country remains more inclined to tax its booming domestic tech-conglomerates than target global technology MNCs.
China Bank of Communications signed 4Paradigm to build a bank-level unified AI capability platform
Recently, Bank of Communications, as one of China’s five largest state-owned banks, officially signed a contract with 4Paradigm. In this cooperation, the two parties will build a bank-level end-to-end …
China Huarong set to be removed from MSCI indexes as Hong Kong trading halt persists
Embattled bad-debt manager China Huarong Asset Management will be dropped by global index compiler MSCI from all its gauges next week.
How is China building the digital Silk Road of the 21st century?
This 100-episode podcast explains how China works. Exploring Xi Jinping Thought and how the Chinese president’s approach has shaped the governance of China, the podcast recounts the country’s growth …
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