People's Bank of China

42 results about this entity

Period: 13 Oct 2004 - 21 Oct 2024

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Sibos: PBoC to promote the ‘healthy development of cross-border payments’

/Sibos

Sibos: PBoC to promote the ‘healthy development of cross-border payments’

“The People’s Bank of China (PBoC) will continue to promote healthy development of cross border payment in the principles of openness, cooperation and mutual benefit,” said Lu Lei, deputy governor, The People's Bank of China, during the Sibos’s opening plenary.

China central bank launches $70bn tech lending programme

/startups

China central bank launches $70bn tech lending programme

The People's Bank of China (PBoC) has announced a re-lending scheme designed to boost the country's science and tech sector.

Mastercard gets green light for domestic payments processing in China

/regulation

Mastercard gets green light for domestic payments processing in China

Mastercard has finally secured formal approval to begin domestic payment processing in China, enabling the US firm to issue yuan-denominated banks cards in the country.

China's digital yuan hits $250 billion milestone

/crypto

China's digital yuan hits $250 billion milestone

China's central bank digital currency has passed $250 billion in transactions within one-and-a-half years of its launch.

Ant Group fined $985m

/regulation

Ant Group fined $985m

China's central bank has fined fintech behemoth Ant Group $985 million for violating a host of laws and regulations.

China's digital yuan wallet downloaded by 261m individuals

/payments

China's digital yuan wallet downloaded by 261m individuals

China's digital yuan wallet has been downloaded by 261 million people - about a fifth of the country's population - and been used for transactions worth 87.5 billion yuan ($13.8 billion).

China's digital yuan wallet arrives in Android and Apple app stores

/payments

China's digital yuan wallet arrives in Android and Apple app stores

China's central bank has launched its CBDC wallet app on the Android and Apple app stores as it gears up for the forthcoming Winter Olympics.

Ant cleared to set up credit scoring JV with state-backed partners

/regulation

Ant cleared to set up credit scoring JV with state-backed partners

The People's Bank of China has given the greenlight to a new credit scoring company owned by a consortium including Ant Group and a collection of state-backed partners.

BIS: CBDC and DLT combo outperforms correspondent banking system

/crypto

BIS: CBDC and DLT combo outperforms correspondent banking system

A prototype of multiple central bank digital currencies (mCBDCs) developed by the Bank for International Settlements and four central banks has demonstrated the potential of using digital currencies and distributed ledger technology (DLT) for cheaper and safer cross-border payments and settlements.

China cracks down on crypto transactions

/crypto

China cracks down on crypto transactions

China’s central bank announced a clampdown on cryptocurrency trading on Friday, calling all digital currency activities illegal, and vowed to crack down on the sector.

US athletes could be banned from trying out digital yuan at Olympics

/crypto

US athletes could be banned from trying out digital yuan at Olympics

A trio of Republican senators has called on the US Olympic Committee to prohibit American athletes from using China's nascent digital currency at the 2021 Games in Tokyo.

China central bank closes software firm for crypto trading

/regulation

China central bank closes software firm for crypto trading

A Beijing-based software firm has been closed down by China's central bank because of its suspected involvement with crypto trading.

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