Tag: People’s Bank of China (PBoC)

The latest reports confirmed that China reported an increase in its gold reserves for the first time in over three years, possibly offering a pillar of support for these prices. ...

Chinese authorities are set to impose a penalty of more than $1 billion on Jack Ma's Ant Group, said six sources with first-hand knowledge of the matter, laying the groundwork ...

On April 14, Tencent announced that it had rolled out a wallet that lets users execute transactions using China’s central bank digital currency. While undergoing A/B testing, the Tencent e-CNY ...

Earlier this year, the People’s Bank of China (PBOC) warned about nonfungible tokens (NFTs) and metaverse in November 2021. Despite the stern warnings, over one thousand Chinese firms have already ...

On October 18, Chinese property shares fell while Beijing pushed ahead with plans for a property tax. All that happened amid fresh signs of weakness in the real estate market. ...

China’s industrial output and retail sales in August grew slowly in a year and came in below expectations during the Covid-19 confinement measures, according to evidence from the National Bureau of Statistics of ...

China has taken a hard stance against cryptos and is currently involved in a crypto mining crackdown aiming to eliminate all miners from within its jurisdiction. The country’s central bank ...

The China Internet Finance Association has recently signed a joint statement with China Payment and Clearing Association and China Banking Association, warning the general public about the risks of investing ...

The mobile payment platform owned and operated by Ant Group, Alipay, is expected to let some of its users participate in the emerging digital yuan commerce ecosystem. Based on a ...

China is expected to rival the US dollar with its forthcoming digital yuan. It is not targeting Bitcoin according to experts. After learning what it needs from the crypto space ...