Beijing lays the path for digital renminbi growth2021-10-18
The digital renminbi was showcased at the 2021 China International Fair for Trade in Services held in Beijing from Sept 2 to 7. From digital wallets and diversified cultural and creative products to unmanned supermarkets, mobile convenience stores and other consumption scenarios, visitors could experience different ways of using the digital currency at the fair.
RMB's rise likely to slow in H2, say analysts2021-10-18
The Chinese currency yuan, also known as the renminbi, may face pressure in the second half of this year, which could slow its rise against the US dollar, analysts said on Monday, citing predictions of several economists at global financial institutions that China's economic recovery will likely soften, foreign trade surplus will narrow, while financial markets will continually attract foreign capital.
2022 may be e-CNY's breakout2021-10-18
The upcoming 2022 Winter Olympic Games in Beijing will be likely prove to be a breakout phase for China's digital renminbi, or e-CNY, one of the most important tools of the country's central bank to maintain monetary sovereignty in the digital era, an expert said in an exclusive interview with China Daily.
Experts warn about cryptocurrency risks2021-10-18
The Inner Mongolia autonomous region released a draft plan on Tuesday to phase out cryptocurrency "mining" activities in the region, which came in the wake of the central financial regulating authorities' restrictions on bitcoin mining and trading.
Survey finds yuan's global rise unstoppable2021-10-18
The renminbi strengthened its position as a global settlement currency last year, with a growing number of overseas financial institutions willing to increase their Chinese currency denominated assets, a new survey found.
China set to expand digital currency trials2021-10-18
China will further expand trials of e-CNY, the digital currency floated by the People's Bank of China, the central bank, and tighten regulations on privately-created cryptocurrencies, such as Bitcoin and Stablecoin, according to officials and experts.
Digital yuan efforts gather more speed2021-10-18
China's six major commercial banks are stepping up digital wallet efforts to provide new impetus for the digital renminbi trials in the country.
RMB gains larger share in international payment: SWIFT2021-10-18
The Chinese currency renminbi (RMB), or the yuan, has retained its spot as the fifth most attractive currency for global payments by value in January but with a larger share as a global payment currency, said the Society for Worldwide Interbank Financial Telecommunication (SWIFT), a global provider of financial messaging services.