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Nalezeno "chinese bank": 37

China Looks to Ramp up ‘Cross-border’ Digital Yuan Spending


Source: Keitma/Adobe Chinese bank chiefs are looking to start 2024 by driving up “cross-border” digital yuan spending. Per the Haikou Municipal Commerce Bureau (via Hainan News), the tourism hub of Haikou has begun issuing over $706,000 worth of “offshore tax-free coupons” for digital yuan-paying...

Chinese Bank Seals First-ever Cross-border CBDC-powered Precious Metals Deal


Source: pla2na/Adobe The Bank of China has completed the world’s first cross-border CBDC-powered precious metals deal – a gold transaction worth some $14.1 million. Per the Shanghai Securities News and the China Securities Network, the deal involved the Shanghai Branch of the Bank of China,...

China Links Digital Yuan to ‘World’s Biggest Commodities Market’


Source: kitti/Adobe A state-owned Chinese bank will link the digital yuan to the “world’s biggest small commodities market” via the latter’s payment platform. Per the People’s Daily, the new “cross-border” CBDC drive is the brainchild of the Bank of China and the city of Yiwu. Not to be confused...

Singapore Firm Strikes Cross-border Digital Yuan Deal with Chinese Bank


A Singaporean payments firm has sealed a “cross-border” digital yuan cooperation deal with a major Chinese bank, in another breakthrough for the CBDC. Per the Shanghai Securities News, the deal was concluded by Thunes, a global payment infrastructure provider, and the China Construction Bank...

Chinese Bank Rolls Out Digital Yuan Supply Chain Financing Solution


More Chinese banks want to use digital yuan-powered smart contracts in their operations, and hope to use the CBDC in the financing of supply chains. Per Xinhua (via the People’s Daily), the Agricultural Bank of China will work on a solution with Luzhou Laojiao. The latter is a traditional alcohol...

Chinese Bank Uses Digital Yuan Giveaway to Promote Waste Recycling Drive


A Chinese commercial bank has launched new digital yuan-powered recycling rewards programs, with citizens receiving CBDC tokens in exchange for recycling their waste. Per Danzong, via Xinhua, the Qingdao Branch of the Bank of Communications has launched a CBDC-powered rewards solution. The bank...

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