Year-ender: major financial events of 2020

    chinadaily.com.cn | Updated: 2020-12-29 06:40
    Share
    Share - WeChat

    People's Bank of China kicks off digital currency pilot program

    The booth of the Digital Currency Institute of the People's Bank of China at an expo in Beijing. [Photo provided to CHINA DAILY]

    The People's Bank of China has been speeding up the development of digital renminbi this year, as the central bank tested its use and circulation on a large scale in selected regions, including the Beijing-Tianjin-Hebei region, the Yangtze River Delta, the Guangdong-Hong Kong-Macao Greater Bay Area and some eligible locations in mid-western China.

    The cities of Shenzhen, Chengdu and Suzhou and Xiong'an New Area in North China's Hebei province, as well as some venues for the 2022 Winter Olympics, will assist in the pilot run, which will, as appropriate, be expanded to other regions of China.

    As China's legal tender, the digitalized yuan issued by the PBOC is called the "digital currency and electronic payment", or DC/EP, and aims to replace part of the cash in circulation, the central bank has said.

    On Oct 12, Luohu district in Shenzhen, Guangdong province, distributed 10 million yuan in digital RMB to residents. With 50,000 digital "red envelopes", containing 200 yuan each, beneficiaries could spend the money within five days at 3,389 shops in Luohu that have installed the digital currency payment system.

    When officially launched, the digital renminbi will have far-reaching influence. It will directly promote the advancement of financial technology, the realization of a cashless society and change the development model of the payment industry, according to an opinion piece from China Daily.

    |<< Previous 1 2 3 4 5 6 7 8 9 10 11 Next   >>|

    Related Stories

    Top
    BACK TO THE TOP
    English
    Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
    License for publishing multimedia online 0108263

    Registration Number: 130349
    FOLLOW US
    久久精品无码午夜福利理论片| 久久精品中文字幕第23页| 在线天堂资源www在线中文| 久久精品无码专区免费青青 | 精品欧洲AV无码一区二区男男| 午夜无码中文字幕在线播放| 一本一道AV无码中文字幕| √天堂中文官网在线| 内射无码专区久久亚洲| 人妻少妇偷人精品无码| 无码八A片人妻少妇久久| 亚洲欧美日韩在线中文字幕| 无码精品人妻一区| 18禁无遮拦无码国产在线播放| 亚洲AV无码成人网站久久精品大 | 最近中文字幕完整版资源| 少妇极品熟妇人妻无码| 精品少妇人妻av无码久久| 国产成人无码精品久久久性色| 中文字幕一区二区三区在线观看 | 波多野结衣在线中文| 日韩中文字幕精品免费一区| 青春草无码精品视频在线观| 成在线人免费无码高潮喷水| 久久99精品久久久久久hb无码| 亚洲AV无码一区二区乱子伦 | 久久午夜无码鲁丝片| 亚洲国产精品无码久久久不卡 | 蜜芽亚洲av无码精品色午夜| 亚洲中文久久精品无码| 亚洲综合无码AV一区二区| 永久免费AV无码网站国产| 伊人久久综合无码成人网| 亚洲AV人无码激艳猛片| 无码成A毛片免费| 精品亚洲A∨无码一区二区三区 | 亚洲AⅤ无码一区二区三区在线| 久久精品无码免费不卡| a亚洲欧美中文日韩在线v日本| 国产高清中文欧美| 人妻中文无码久热丝袜|