Traditionally, consumers turn to banks to help fund home purchases, at interest rates based on the amount and length of borrowing. But with the e-HKD, Hong Kong residents could potentially …
“We are delighted that Hong Kong, being the first place to conduct a cross-boundary e-CNY pilot, has also become the first place outside mainland China that enables its residents to …
A year ago, Changshu, a county-level city under the jurisdiction of Suzhou, took the lead by paying all public sector workers in digital yuan, and Lin’s employer followed suit months …
Rather than take drastic action to silo China from the US and insulate its economy from what already looked like a ticking time bomb, Wang promised his old friend the …
Tourists from China and Singapore will be able to pay with the e-CNY when travelling to both countries as part of a new pilot programme, in a breakthrough for Beijing’s …
Four foreign-funded banks including Standard Chartered and HSBC have jumped on China’s central bank digital currency (CBDC) bandwagon, as financial institutions and regulators push to expand the use of the …