Tag "People’s Bank of China (PBOC)"
Hong Kong and China to Expand Cross-Boundary Digital Yuan Pilots
The Hong Kong Monetary Authority (HKMA) and the People’s Bank of China (PBoC) unveiled six policy measures to bolster financial cooperation between Hong Kong and Mainland China. Among these, two fintech-related initiatives stand out: the enhancement of cross-boundary credit referencing
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CBDCs and Virtual Assets Dominate Day One of Hong Kong Fintech Week 2022
The seventh edition of Hong Kong’s flagship fintech event Hong Kong Fintech Week (HKFW) 2022 kicked off this week, organised by the Hong Kong Monetary Authority (HKMA) with Invest Hong Kong. The first day of the HKFW 2022 saw several
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HKMA’s Faster Payment System Sees Steady Growth With 10.9 Million Users
The Hong Kong Monetary Authority (HKMA) announced during the fourth anniversary of its Faster Payment System (FPS) that the service has received 10.9 million registrations as of the end of August 2022. According to them, FPS usage has also been
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Hong Kong and China Link Up Their Sandboxes to Pilot Cross-Border Fintech Initiatives
The Hong Kong Monetary Authority (HKMA) and the People’s Bank of China (PBOC) signed a Memorandum of Understanding (MoU) for their cooperation on fintech innovation and supervisory exchanges in the region. The two regulators have agreed to link up the
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PBOC’s Fintech Institute Taps Contour’s Blockchain Platform for Trade Digitisation
Singapore based digital trade finance network Contour has partnered with the Shenzhen Fintech Institute, a subsidiary of The People’s Bank of China (PBOC) to look at opportunities to boost China’s trade ecosystem and further the adoption of trade digitisation across
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Mastercard’s Entry into China Paints of Picture of China’s Market Liberalisation
Mastercard was granted preparatory approval from the People’s Bank of China (PBOC) to begin setting up a domestic bankcard clearing institution in China, the company announced on February 11. The news is significant for Mastercard, which has been looking to
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China Lays Out 6 Key Fintech Focus for the Next 3 Years
The People’s Bank of China (PBOC), the country’s central bank, has released a three-year fintech development plan that aims to improve the quality of financial services, strengthen regulation on technology-driven innovations, and prevent financial risks. China wants to make its
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New Report Analyzes China’s Impressive Trajectory Toward Universal Financial Inclusion
China has achieved remarkable success in financial inclusion over the last 15 years. Traditional financial service providers have dramatically increased the reach of the formal financial sector, including through the world’s largest agent banking network. China has also been a
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