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China Trials Cross-Border Settlement Involving Cenbank Digital Currencies
A central bank digital currency trial focused on cross-border transactions has been completed, the Bank for International Settlements (BIS) said, with Chinese state-owned banks participating as Beijing tries to internationalise its digital yuan.
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China Cenbank Injects $81 Billion Into Major Banks to Support Economy: Reports
China's central bank is injecting a combined 500 billion yuan ($81.35 billion) of liquidity into the country's top banks, according to media reports, a sign that authorities are stepping up efforts to shore up a faltering economy.
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China Cenbank Injects $81 Billion Into Major Banks to Support Economy
The Journal, citing an unnamed Chinese bank executive, said the People's Bank of China (PBOC) is pumping in 100 billion yuan each into China's top five banks via standard lending facility.
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China Trials Cross-Border Settlement Involving Cenbank Digital Currencies
A central bank digital currency trial focused on cross-border transactions has been completed, the Bank for International Settlements (BIS) said, with Chinese state-owned banks participating as Beijing tries to internationalise its digital yuan.
-
China Cenbank Injects $81 Billion Into Major Banks to Support Economy: Reports
China's central bank is injecting a combined 500 billion yuan ($81.35 billion) of liquidity into the country's top banks, according to media reports, a sign that authorities are stepping up efforts to shore up a faltering economy.
-
China Cenbank Injects $81 Billion Into Major Banks to Support Economy
The Journal, citing an unnamed Chinese bank executive, said the People's Bank of China (PBOC) is pumping in 100 billion yuan each into China's top five banks via standard lending facility.
