China's digital yuan tops 87 billion yuan in transactions

By the end of 2021, China's digital yuan transactions reached about 87.57 billion yuan (US$13.78 billion), with 261 million personal wallets opened and the number of pilot scenarios for the digital fiat currency exceeding 8.08 million, according to the People's Bank of China.

January 19, 2022

China's pilot digital yuan hits 87.57 billion yuan

China's digital yuan transactions hit nearly 87.57 billion yuan (13.78 billion U.S. dollars) at the end of 2021, as the country ramped up research and pilot use of the central bank's digital currency.

January 19, 2022

China to see stable macro leverage ratio in 2022: Central bank

China's 2022 macro leverage ratio is expected to remain basically stable, said Liu Guoqiang, deputy governor of the People's Bank of China (PBOC), the country's central bank.

January 19, 2022

China's central bank to maintain continuity in real estate financial policy

The People's Bank of China (PBOC), the country's central bank, will maintain the continuity, consistency and stability of real estate financial policy, a PBOC official said at a press conference on Tuesday.

January 19, 2022

China's central bank to strengthen support for real economy in 2022

China's central bank said Tuesday that it will guide financial institutions to ramp up support for the real economy, stabilize the macro economy, and foster an appropriate monetary and financial environment for the country's high-quality economic development.

January 19, 2022