The Digital Source For China's Tech Innovation Since 2000

Search
Close

Chinese state-run banks reportedly are looking to expand digital yuan usage to sales of investment funds and insurance

September 1, 2021
Source: businessinsider.com businessinsider.com
News Snapshot:
A Beijing coffee shop displays a sign for China's digital yuan, or E-CNY. VCG/VCG via Getty Images Two Chinese state-run banks are looking to expand usage of China's experimental digital yuan. China Construction Bank is working on allowing e-yuan holders to make online fund investments. Trials of China's CBDC logged $5.3 billion of transactions as of June. See more stories on Insider's business page . To expand usage of China's experimental digital currency, two state-run banks are looking into allowing customers to use the asset to buy investment funds and insurance products, according to a South China Morning Post report...
Go To Original Source →
Tags: bank | Bank of China | Bank of Communications | Beijing | Business | China | China Construction Bank | Chinese | Coffee | communications | crypto | currency | distribution | E-CNY | e-commerce | fintech | insurance | investment | media intelligence | News Media | Renminbi | retail | Shanghai | stock market | Yuan

Other Related News:

As China-Taiwan tensions intensify, what's Australia's message to Beijing?

August 12, 2022

Headlines From China: China’s Bona Film Group Returning to Stock Market, Finalizing IPO in Shenzhen

August 12, 2022

Gravitas: China unveils game plan for Taiwan reunification

August 12, 2022

TikTok Owner Buys China Hospital Chain

August 12, 2022

Chinese chipmaker SMIC reports Q2 revenue rose 41.6% YoY to $1.9B vs. $1.89B est., but net profit fell 25% YoY to… News

August 12, 2022

Subsidy discounts reach 100 million yuan 2022 Beijing Consumer Season – Quality Life Drinks Festival starts online_Event_Citizen_Special Area

August 12, 2022

300 Current TIKTOK, BYTEDANCE Employees Worked For Chinese State Media…

August 12, 2022

Alyssa Lynch: Yet another Pelosi Crime Family story — Nancy Pelosi’s son is a Top Investor in a Chinese telecoms company

August 12, 2022

Hennessy and Associates Announce Launch of New China Multi-Asset Income Distribution Fund I

August 12, 2022
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
Menu
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
© 2022 ChinaTechNews.com. A Service of Asia Media Network.
Twitter
Posting....