Saturday , June 19 2021
Home / South China Morning Post / China digital currency: Hong Kong, Shenzhen proposed as ‘expressway’ for cross-border financial innovation

China digital currency: Hong Kong, Shenzhen proposed as ‘expressway’ for cross-border financial innovation

Summary:
[unable to retrieve full-text content]A senior central bank official has proposed establishing a controlled environment known as a “regulatory sandbox” to test China’s digital yuan and push greater capital account convertibility between Shenzhen and Hong Kong.The proposal from Xing Yujing, president of the People’s Bank of China’s Shenzhen branch, comes as Beijing accelerates promotion of its sovereign digital currency, the so-called Digital Currency Electronic Payment (DCEP), and takes careful steps to allow freer capital flows…

Topics:
Frank Tang considers the following as important:

This could be interesting, too:

Tyler Durden writes Iran Election Frontrunner Is Under US Sanctions & 3 Of 4 Presidential Candidates Are Hardliners

Tyler Durden writes Is There A Silver Lining In The PC Woke Snowflake Cancel Culture?

Tyler Durden writes Biden Orders Major Reversal Of Trump’s Missile Battery Build-Up In Gulf

Tyler Durden writes Gen. Milley Says China Has “Ways To Go” Before It Can Take Taiwan

[unable to retrieve full-text content]
A senior central bank official has proposed establishing a controlled environment known as a “regulatory sandbox” to test China’s digital yuan and push greater capital account convertibility between Shenzhen and Hong Kong.The proposal from Xing Yujing, president of the People’s Bank of China’s Shenzhen branch, comes as Beijing accelerates promotion of its sovereign digital currency, the so-called Digital Currency Electronic Payment (DCEP), and takes careful steps to allow freer capital flows…

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.