From expanding investment channels to building digital infrastructure, Beijing has been laying the groundwork to promote ...

The US dollar’s dominance in global markets could be enhanced by stablecoins, and China has a golden chance to make the yuan ...

China is launching a sweeping campaign to promote the yuan’s global role, seizing what officials see as a rare strategic ...

History of the digital yuan. The digital yuan originated with a project launched by the People’s Bank of China (PBOC) in 2014. At the time, central bank digital currencies or CBDCs were a new ...

Rita Liu, CEO of financial platform RD Technologies, discusses the rationale for yuan-backed stablecoin amid the growing ...

The custodians of trillions of dollars of global central bank reserves are eyeing a move away from the greenback into gold, ...

In 2009, the city set up a yuan settlement scheme, paving the way for the gradual internationalization of the currency.This move was marked by the creation of the offshore currency CNH, with the ...

Soon after the officials saw the coins, a 28-year-old man, identified only by his surname, Lu, admitted to tossing them at the plane’s engine as he boarded the aircraft for flight 8L9960, as per ...