People's Bank of China

42 results about this entity

Period: 13 Oct 2004 - 21 Oct 2024

/crypto

Ant Group and Tencent promote their work on digital yuan with PBoC – SCMP

This weekend, the two Chinese fintech giants Ant Group and Tencent prominently displayed posters during the Digital China Summit outlining a “history of cooperation with the PBoC on the digital yuan” according to the South China Morning Post.

/regulation

Ant tussles with Beijing on sharing customer data - FT

Ant Group is resisting pressure from China's government to hand over more customer data to the country's central bank, according to the Financial Times.

/crypto

China and UAE central banks explore CBDC for cross-border payments

The central banks of China and the United Arab Emirates are joining their counterparts in Thailand and Hong Kong on a CBDC project investigating cross-border foreign currency payments.

/crypto

Swift and China's central bank form JV

Swift has set up a joint venture with the Chinese central bank's digital currency research institute and clearing centre.

/crypto

Agricultural Bank of China tests digital currency at ATMs

The Agricultural Bank of China has equipped a number of ATMs with the means for customers to deposit and withdraw the central bank's new digital currency.

/crypto

Shenzhen holds lottery to give away millions in digital yuan

The People's Bank of China held a lottery over the weekend to distribute 10 million yuan ($1.5 million) worth of its new digital currency to 50,000 people in Shenzhen.

/payments

Alipay and WeChat Pay could face antitrust investigation - Reuters

China's antitrust agency is pondering an investigation into Alipay and WeChat Pay after the country's central bank raised concerns about the mobile payment behemoths, according to Reuters.

/crypto

Ride-hailing app Didi tests China's digital currency

Ride-hailing app Didi Chuxing has signed on to trial China's central bank digital currency on its transportation platform.

/crypto

China's digital currency pilots pick up pace

China's digital currency plans are gathering pace, with trials taking place across four cities and reports emerging that big-name western players such as Starbucks and McDonald's are set to take part in testing.

Mastercard wins approval to set up shop in China

Mastercard has received approval from the People’s Bank of China (PBOC) to begin formal preparations to set up a domestic bankcard clearing institution in the country.

Amex closes in on Chinese market

American Express has taken another step towards entering the massive Chinese payments market after the country's central bank accepted the US firm's application to start a bank card clearing business.

/payments

PayPal gets Chinese payments license

PayPal has become the first foreign firm to get an online payments license in China after buying a 70% stake in Guofubao Information Technology Co (GoPay).