Category: People’s Bank Of China

Report: Ant Group to overhaul structure per agreement with China authorities

Report: Ant Group to overhaul structure per agreement with China authorities

Several of Ant Group’s offerings including the blockchain division will reportedly become part of a financial holding company. 2411 Total views 23 Total shares Ant Group, the financial affiliate of China’s e-commerce giant Alibaba, has reportedly reached an agreement with Chinese regulators over the company’s status. According to a Feb. 3 report by Bloomberg, Chinese […]

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Digital yuan will work with WeChat and Alipay, says bank exec

Digital yuan will work with WeChat and Alipay, says bank exec

Details regarding the digital yuan’s characteristics are taking shape. 4213 Total views 42 Total shares The forthcoming digital yuan will reportedly be compatible with major payment networks within the country.  Mu Changchun, the head of the People’s Bank of China’s digital currency research institute, said that the central bank-backed digital yuan will be compatible with […]

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