On Thursday, the People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1865 as ...

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 ...

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 ...

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 ...

Former Bank of China executive Wang Yongli warned the rise of USD stablecoin threatens China’s monetary position and urged ...

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 ...

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

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 ...

SHANGHAI/SINGAPORE, Aug 15 (Reuters) - China's central bank unexpectedly cut key ... on the yuan and risking outflows. China's yuan CNY=CFXS has lost about 5% against the dollar so far this ...

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 ...