Tagged: wang xin

CBDCs: People’s Bank of China and the Hong Kong Monetary Authority Testing Digital Yuan

China Money Yuan 1

The People’s Bank of China (PBoC) and the Hong Kong Monetary Authority (HKMA) have begun testing its central bank digital currency (CBDC) or digital yuan for cross-border transfers, according to a report in SCMP. The report quotes Wang Xin, Head of Research at the PBoC,… Read More

Report: China Bankers Concerned Facebook’s Libra Could Fuel Currency Competition and Compromise Financial Sovereignty

Demon Door Knocker China justin lim unsplash

Influential bankers convening at an academic conference at Peking University’s Institute of Digital Finance this week have expressed serious concerns about Libra, Facebook’s forthcoming cryptocurrency payments network, South China Morning Post (SCMP) reports. Wang Xin, director of the People’s Bank of China (PBOC)’s research bureau warned… Read More

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