23 May 2019

Latest articles for People's Bank of China


Digital currency 'inevitable' - Bank of China

23 March 2018  |  21122 views  |  0 News

The introduction of digital currency is "inevitable", according to the outgoing governor of the People's Bank of China, who nevertheless stresses that any progress on the issue will be carried out in a "steady and orderly fashion".


Crypto mining threatened by power capacity concerns

12 January 2018  |  14290 views  |  1 News

The craze for cryptocurrency mining is putting increasing strain on electrical grids, raising concerns about capacity around the world and the prospect of a migration of coin mining operators to new jurisdictions.


China UnionPay and banks create unified payments app

12 December 2017  |  10805 views  |  0 News

China UnionPay has teamed up with more than 30 local commercial banks and payment institutions to launch a unified app for the country's banking industry.


China's central bank issues instant ban on initial coin offerings

04 September 2017  |  19520 views  |  1 News

The People's Bank of China (PBoC) has announced an immediate ban on initial coin offerings (ICOs)declaring them illegal and a threat to financial stability.


China preps central clearing house for mobile payments providers

11 August 2017  |  16724 views  |  0 News

The People's Bank of China is set to make digital payment firms such as Ant Financial and Tencent use a new central clearing house, a move which will see companies forced to share transaction data with rivals.


Security experts struggle in search for WannaCry clues - Reuters

19 May 2017  |  15314 views  |  0 News

Efforts by IT security researchers to get to the bottom of the recent ransomware attack have been hampered by an inability to find early traces of the so-called WannaCry strain, according to research commissioned by Reuters and conducted by security ratings firm BitSight.


China central bank sets up fintech committee

15 May 2017  |  14445 views  |  0 News

The People's Bank of China has set up a committee that will investigate the impact of fintech on monetary policy and financial markets as well as how big data and AI can be used for regulatory oversight.


Chinese central bank tests digital currency system

26 January 2017  |  15130 views  |  0 News

The People’s Bank of China (PBOC) has completed a successful trial run of a digital bank acceptance exchange, moving it closer to becoming the first central bank in the world to research and test its own digital currency, according to media agency Caixin.


London-Shanghai Stock Connect gets green light; fintech bridge to China agreed

11 November 2016  |  11017 views  |  0 News

Plans for London-Shanghai Stock Connect have been greenlighted by the British Government as the country looks to expand global trade ties in a post-Brexit world.


China opens up to Visa and MasterCard

09 June 2016  |  20465 views  |  0 News

China is finally preparing to open up its huge payments card market to foreign firms such as Visa and MasterCard.

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