Peoples Bank Of China

peoples bank-of-china

The Hong Kong skyline (Ruslan Bardash/Unsplash)

Markets

Hang Seng, China Stocks Soar as Beijing Pledges Support Amid Equity Rout

Crypto remains stable, though liquidity thin, as markets in Hong Kong climb out from the worst slump since the 2008 recession.

By Sam Reynolds

Mar 16, 2022 at 7:34 a.m. UTC

Mar 16, 2022

ChinaBitcoinPeople's Bank of ChinaHong Kong

Policy

Central bank

China, Hong Kong Enter Second Phase of Cross-Border Digital Yuan Trials: Report

Hong Kong banks and merchants have been testing the use of China’s CBDC.

By Eliza Gkritsi

Dec 9, 2021 at 8:49 a.m. UTC

Dec 9, 2021

Central BankPeople's Bank of ChinaHong KongPolicyDigital Yuan

Markets

Bitcoin mining

Market Wrap: Bitcoin Slides to Two-Week Low, Ether to Below $2K as China Reiterates Crypto Ban

CME's bitcoin futures goes into "backwardation" and BTC inflows to exchanges rise as China "FUD" continues.

By Muyao Shen

Jun 21, 2021 at 8:18 p.m. UTC

Jun 21, 2021

Bitcoin MiningChinaDogecoinEthereumPeople's Bank of ChinaTetherEtherCMEBitcoin FuturesbtcBitcoinMarket WrapBackwardation

Tech

Federal reserve

What If Somebody Hacks the Money Pipeline Next?

The Colonial Pipeline saga illustrates what may be a vulnerability with digital currency issued by central banks.

By David Z. Morris

May 13, 2021 at 8:29 p.m. UTC

May 13, 2021

Federal ReservePeople's Bank of ChinaOpinioncentral bank digital currencyCBDCs

Markets

People's bank of china

China’s Digital Yuan Will Be ‘Backup’ to Alipay, WeChat, Says PBOC

In order to support the retail payment system, the central bank has to step up its own digital yuan.

By Tanzeel Akhtar

Mar 26, 2021 at 12:25 p.m. UTC

Mar 26, 2021

People's Bank of ChinaAliPayDigital YuanCoinFlash

Policy

Privacy

People's Bank of China Official Says Fully Anonymous Digital Yuan ‘Not Feasible’

The central bank needs to balance privacy for users with "international consensus" on risk control, the director of the PBoC's Digital Currency Research Institute said

By Tanzeel Akhtar

Mar 22, 2021 at 1:22 p.m. UTC

Mar 22, 2021

PrivacyPeople's Bank of ChinaCBDCsDigital YuanCoinFlash

Business

Mas

China, Singapore Look Ahead to CBDC Future at World Economic Forum

A former deputy governor of the People’s Bank of China compared notes with the chairman of the Monetary Authority of Singapore.

By Ian Allison

Jan 28, 2021 at 6:42 p.m. UTC

Jan 28, 2021

MASPeople's Bank of ChinaCBDCWEFCBDCs

Policy

China

China's Central Bank, Major City to Hand Out $1.5M in Digital Yuan

A local report suggests the pilot is an indication the digital yuan is close to being launched.

By Daniel Palmer

Oct 9, 2020 at 10:03 a.m. UTC

Oct 9, 2020

ChinaPeople's Bank of ChinaDigital YuanCoinFlash

Policy

People's bank of china

JD.com to Build Apps for China's Digital Yuan Project: Report

The Chinese e-commerce giant has reportedly agreed to help the nation's central bank develop infrastructure including a wallet for its cash-equivalent digital currency.

By Daniel Palmer

Sep 22, 2020 at 8:27 a.m. UTC

Sep 22, 2020

People's Bank of ChinaJD.comDigital YuanCoinFlash