The People’s Bank of China (PBOC) and the Hong Kong Monetary Authority (HKMA) are in the second phase of the integration tests of the digital
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China Mulls Digital Yuan Settlements for Commodities
The People’s Bank of China (PBOC) is considering using the digital yuan to settle services and commodities trades with Hong Kong. According to Di Gang,
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A SWIFT Shakeup: Yuan Dethrones Euro as Runner-Up in Trade Finance Markets
The latest report published by the Society for Worldwide Interbank Financial Telecommunications (SWIFT) has revealed that the Chinese yuan overtook the euro as the second
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China Opens Digital Yuan Park in Shenzhen
Shenzhen has become home to an industrial park established to promote China’s central bank digital currency (CBDC). Several financial companies are already settling there, the
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China Debuts Digital Yuan Interconnection With Hong Kong Payment System During 19th Asian Games
The Chinese digital yuan, China’s central bank digital currency (CBDC), now features an interconnection with the Hong Kong payment system, allowing tourists coming to mainland
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China Allows Visitors to Top Up Digital Yuan Wallets with Visa, Mastercard, Cash
Trying to make the digital yuan more attractive for foreigners, China has added a “recharge before use” feature to its digital currency system. The upgrade
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