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China’s Interesting Relationship with FX Trading

Margin FX trading is banned, but demand for offshore brokers is booming.

Monday, 15/11/2021 | 12:30 GMT by Arnab Shome

Thought Leaders

Top Things You Need to Know About the Digital Yuan

The main objective had been to test the currency’s reliability, stability, ease of use, and regulatory concerns.

Friday, 30/07/2021 | 07:00 GMT by Finance Magnates Staff

After a Successful Pilot in Hong Kong, Tests of China's Digital Yuan to Expand

Implementation of the digital yuan could significantly reduce the cost of cross-border transactions.

Thursday, 13/05/2021 | 10:06 GMT by Rachel McIntosh

Are China's Banks Using the CDBC to Wrest Data Control from AliPay & WeChat?

6 of China's largest banks are promoting the use of the e-CNY in an online shopping festival on May 6th.

Monday, 26/04/2021 | 06:54 GMT by Rachel McIntosh

CFI Financial Expands Offering with Addition of New Markets

The broker broadens its product line as clients’ desire to garner exposure to regulated markets has been increasing.

Wednesday, 03/02/2021 | 17:01 GMT by Aziz Abdel-Qader

Croatia Watchdog Exposes Fraudsters Selling ‘Digital Yuan’ on Facebook

Following bitcoin's epic bull run, hundreds of cryptocurrency fraudsters popped up around the internet.

Friday, 22/01/2021 | 15:22 GMT by Aziz Abdel-Qader

Shenzhen Announces 20 Million Digital Yuan Giveaway

The Chinese city announced to give 100,000 packets via a lottery, each worth 200 digital yuan.

Monday, 04/01/2021 | 07:26 GMT by Bilal Jafar

China's Digital Yuan Completed 20K+ Transactions in Successful Weekend Trial

Still, China's digital currency may not be used on a massive scale until 2023.

Monday, 14/12/2020 | 06:09 GMT by Rachel McIntosh

Chinese Central Bank Onboards Over 20 Firms to Test Digital Yuan

The partnerships with DiDi Chuxing and Meituan Dianping have created a lot of international buzz.

Monday, 27/07/2020 | 07:08 GMT by Arnab Shome

Ride-Hailing Giant DiDi Chuxing to Test China's Digital Yuan

PBoC has already started to pilot the digital currency in a controlled manner.

Wednesday, 08/07/2020 | 12:39 GMT by Arnab Shome

PBoC Governor Says No Timeline Set for Digital Yuan Launch

An industry insider, however, revealed the possible expedited launch of the digital currency.

Tuesday, 26/05/2020 | 12:41 GMT by Arnab Shome

Chinese Central Bank Finishes Basic Development of CBDC

AliPay published five patents on digital yuan.

Tuesday, 24/03/2020 | 13:38 GMT by Arnab Shome

China Brings Law to Categorize Crypto Passwords Ahead of CBDC Launch

The PBoC is set to initiate the trial of digital yuan with its partners.

Thursday, 02/01/2020 | 06:44 GMT by Arnab Shome

Binance Launches P2P Crypto Trading Against Chinese Yuan

The service is only supported on the exchange's Android application.

Wednesday, 09/10/2019 | 10:05 GMT by Arnab Shome

Tether Issues Stablecoin Tied to Offshore Yuan

The coin has been launched on ERC-20 standards.

Tuesday, 10/09/2019 | 09:48 GMT by Arnab Shome

NEX Group Leverages EBS Tech to Reshape Chinese Interbank FX Market

Institutional FX in China is booming amid increasing levels of volatility are likely to boost it even further.

Monday, 26/02/2018 | 14:17 GMT by Victor Golovtchenko

Prime Brokerage

Thomson Reuters FXall and Electronic Trading Refresh CNY Trading

The Industrial and Commercial Bank of China partners with Thomson Reuters for 24-hour quotes streaming.

Friday, 17/02/2017 | 13:42 GMT by Victor Golovtchenko

China Considering Additional Capital Controls: Bloomberg

Chinese authorities may order state-owned firms to sell foreign currency.

Wednesday, 04/01/2017 | 07:58 GMT by Finance Magnates Staff

Chinese Central Bank Designates Yuan Clearing Bank in United Arab Emirates

China's third largest lender by assets has been selected as the second clearing hub in the Middle East.

Friday, 09/12/2016 | 16:55 GMT by Aziz Abdel-Qader

Bitcoin Price Volatility Returns due to Chinese RMB Devaluation

After being stuck for a while in a range around the $610 price level, Bitcoin jumped as high as $640.

Thursday, 13/10/2016 | 11:25 GMT by Avi Mizrahi

Joining the VIP Club: Implications of RMB Becoming an IMF Reserve Currency

Finance Magnates examines how the IMF adding the RMB to its SDR currencies basket could affect the trading industry.

Wednesday, 31/08/2016 | 12:11 GMT by Avi Mizrahi

Shanghai-Hong Kong Stock Connect Program to Launch Mid-December

The Shenzhen stock-link program has been awaited since the launch of the Shanghai-Hong Kong Stock Connect in November 2014.

Thursday, 25/08/2016 | 10:18 GMT by Finance Magnates Staff

Shenzhen Market to Connect to Hong Kong: Why Should Brokers Care?

The green light has been given for yet another stock connect which is designed to further open Chinese mainland markets.

Wednesday, 17/08/2016 | 11:16 GMT by Victor Golovtchenko

Chinese Authorities Arrest 450 in Underground Banking Crackdown

With capital outflows on the rise, Chinese authorities have arrested 450 in a new initiative to curb the practice.

Wednesday, 17/08/2016 | 09:19 GMT by Jeff Patterson

Dubai to Become Second Middle East Clearing Hub for China's Yuan

The step could help Gulf countries reduce their dependence on the U.S. dollar over the long run.

Thursday, 11/08/2016 | 14:55 GMT by Aziz Abdel-Qader

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