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digital yuan

China strikes deal with Kazakhstan on cross-border CBDC
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11 July, 2024

China strikes deal with Kazakhstan on cross-border CBDC

With an ambition to transform the cross-border payments ecosystem, China partners with Kazakhstan in exploring CBDCs, which comes at the...
Huawei records huge leaps in AI, rivaling US and European counterparts
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30 June, 2024

Huawei records huge leaps in AI, rivaling US and European counterparts

Huawei's artificial intelligence infrastructure, Ascend, has moved to second place in the Chinese market and has a reputation for being...
Tencent to participate in mBridge MVP
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27 June, 2024

Tencent to participate in mBridge MVP

Through its domestic payments platform, Tenpay Global, Tencent has been testing mBridge payments for e-commerce exports and will participate in...
HSBC extends digital yuan services for corporate clients, eyes new use cases
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16 June, 2024

HSBC extends digital yuan services for corporate clients, eyes new use cases

With talks of the commercial rollout of the digital yuan just around the corner, HSBC has started offering corporate clients...
Digital yuan app removes ‘pilot’ from description, fueling speculation for production
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10 June, 2024

Digital yuan app removes ‘pilot’ from description, fueling speculation for production

The People’s Bank of China has yet to formally announce a mainstream rollout of the digital yuan, and local authorities...