China is finalizing its first rules for online-only banks, striving to reduce financial jeopardy and lure pivotal participants, Reuters reported on Monday (Jan. 13), citing...
China’s central bank, the People’s Bank of China (PBOC), said it has completed the “top-level” design of its proposed digital currency, according to reports. Get...
The central bank in China said it has accepted an American Express application to start working in the country, according to a report by Reuters....
The People’s Bank of China (PBoC) is planning to pump about $115 billion into the economy by freeing up lenders to write more loans, The...
Chinese banks are easing loan requirements in an attempt to stimulate a stalled economy and fulfill the government’s goal to increase small business lending by...
With the worldwide use of Facebook’s Libra, as well as other stable coins, the international development of China’s yuan could be hampered. Also, they could...
PayPal has acquired a 70 percent equity stake in Guofubao Information Technology (GoPay) and will head to China as their first foreign online-only payments platform,...
For China: Digital currency, yes. But not bitcoin. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
This past year has been difficult for Chinese banks, and the country’s central bank, People’s Bank Of China, said that about 13 percent of the...