After a slow start, China is now doing what virtually no other country in the world can: harnessing the power and all-encompassing reach of its …
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Beijing to dispatch digital RMB to individuals
Beijing will dispatch 200,000 red envelopes worth 200 yuan ($31.33) each to lucky applicants, the Beijing Local Financial Supervision and Administration on Tuesday.
US-China economic talks put spotlight on yuan exchange rate as currency continues to surge
The strength of the yuan is likely to renew attention on how China manages its exchange rate amid negotiations with the United States, analysts say.
China-US relations: economic chiefs Liu He, Janet Yellen in virtual talks
Candid’ exchange includes discussion of macro economic situation and importance of bilateral relationship, according to Xinhua.
China Focus: Beijing accelerates development of service trade, FTZ
Beijing municipal authorities are accelerating the development of the city’s “two zones,” introducing a slew of business-friendly policies and continuing the city’s opening up to the outside world.
Why Beijing’s Hong Kong Crackdown Will Invite No Consequences
As it clamps down ever tighter on press freedoms and civil liberties, China claims to have made things better for people in Hong Kong. Ordinary residents might beg to differ.
Fitch Affirms Beijing State-Owned Assets Management at ‘A’; Outlook Stable
Fitch Ratings has affirmed China-based Beijing State-Owned Assets Management Co., Ltd.’s (BSAM) Long-Term Foreign- an …
China Handing Out $6.2 Million of Digital Yuan in Beijing
Continuing on with its central bank digital currency trials, China is handing out $6.2 million worth of its digital yuan to Beijing residents.
Beijing to give away 40 million yuan digital RMB ‘red packets’ to local residents
Beijing’s financial regulator announced on Tuesday that 40 million yuan ($6.27 million) digital yuan (or RMB) will be given away to local residents as the city moves to conduct a trial of the …
Chinese central bank’s digital yuan given trial by lottery
China’s capital Beijing will launch a lottery in June giving out free online wallets containing 200 digital yuan ($31.34) to winners, in another trial for the central bank’s eCNY, according to a …
China central bank issues revised draft law on money laundering
China’s central bank on Tuesday issued a revised draft law on money laundering, vowing to ramp up punishment on money laundering activities.
China Steps Up Pressure on Financial Institutions to Limit Property Lending
China’s banking regulator is stepping up pressure on financial institutions to control the growth of real estate loans after it imposed a cap on property lending by big banks in December, according to …
China digital currency: Hong Kong, Shenzhen proposed as ‘expressway’ for cross-border financial innovation
A senior central bank official has proposed setting up a controlled environment to test China’s digital yuan for capital account flows between Shenzhen and Hong Kong.
