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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...
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China Tech Buzz Topics: 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

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