Visa gets Beijing’s green light after 40-year wait to crack China
While Visa gets preliminary approval to enter a USD 143.9 trillion market dominated by UnionPay and mobile wallets, a final licence still remains elusive...
Tag : People’s Bank of China
Deutsche Bank becomes first European bank to clear China’s Renminbi
The move will allow the Deutsche Bank to provide direct end-to-end processing, clearing and settlement services for cross-border renminbi transactions...
China appoints Deutsche Bank as primary dealer in open market business
The lender will carry out activities such as the repurchasing of bonds and other trading instruments...
China to hold second lottery of its CBDC
The trail lottery is planned for Suzhou on December 12, 2020...
Chinese government proposes stablecoin for four Asian countries
The four countries are Japan, China, Hong Kong and Korea...
China approves 224 new blockchain-related projects
It is reported that 40 percent of the approved projects are from Beijing...
People’s Bank of China raises stake in India’s HDFC
The bank raised its stake to 1.01% from 0.8%...
China to increase R&D for digital yuan: central bank
The same was discussed during the recently held 2020 national telecom conference...
People’s Bank of China gets $7.4 mn for blockchain trade platform
The funds will be used for research and development projects...
With global risks on the rise, China’s apex bank to support economy
The Chinese central bank also confirmed the use of a new instrument termed as a medium-term lending facility...