The PBoC is China's central bank and is responsible for the development of the e-CNY central bank digital currency, or CBDC. During Wednesday’s press conference, Zou praised the success of the ...

For the last few years, China’s central bank has been trying to ramp up the adoption of digital yuan, or e-CNY, which forms part of the country’s monetary base, M0. The bank has a designated ...

On Friday, the People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1919 as compared ...

From the outside looking in, it is impossible to fully ascertain the government’s plans for the e-CNY. Though the People’s Bank of China (PBOC) has not been shy about its central bank digital ...

No other major economic power had started as early (2014) or pushed the design of a central bank digital ... suspected China would use this massive global event to debut its e-CNY to attendees ...

China's 10-year bond ... as it will increase CNY depreciation pressure now and SVB-style financial risk in the future," Hu said, referring to the major U.S. bank failure in 2023 that was largely ...

The dollar’s extended slide has prompted China’s central bank to change tack in managing its currency, as it pivots from ...

Also, the Chinese central bank set CNY fixing 37 pips weaker today to guide gradual CNY depreciation following USD’s rebound, the director of FX Strategy adds. USD/CNY is 0.2% higher at 7.3276 ...

Moreover, the share of foreign investors in Chinese government bonds is low. At present, around 80 trillion CNY of central and ... insensitive to price: the central bank.” ...

The CBDC, or e-CNY, was created by the PBoC, China's central bank. The goal of China's e-CNY system development is to provide a digital yuan that satisfies the public's need for money in the era ...