China’s renewed push for yuan internationalization is aimed at multipolarity, rather than replacing the dollar as the preeminent global currency, said Teneo.

In all, a total of 27.65 billion yuan of bank bills in 26 tranches was issued for poverty alleviation. China's commitment to poverty alleviation via economic reforms that have the tendency to improve ...

A consumer withdraws money at an ATM of Shanghai Pudong Development Bank Co Ltd in Shanghai. [Photo provided to China Daily] With the rapid growth of mobile payments in China, the number of automatic ...

From expanding investment channels to building digital infrastructure, Beijing has been laying the groundwork to promote ...

In a significant stride toward practical quantum computing, a Chinese startup has successfully deployed its superconducting quantum processor ...

The People's Bank of China and the HKMA launched the Payment Connect yesterday, according to the HKMA's recent press release.

Tencent uses AI in gaming, WeChat, and cloud to boost revenue and efficiency. Read here for an analysis of TCEHY stock and ...

At a finance forum in Shanghai, the head of China's central bank, Pan Gongsheng, pledged to expand the reach of the digital ...

Those drags include China's property sector troubles coupled with cartoonishly large US tariffs , currently set at 145%. As these two headwinds collide, Asia's biggest economy could indeed be in ...

If you've ever tried to pay with cash in China and been met with a blank stare — or worse, held up a line while the cashier scrambled for change — you're not alone. In 2025, digital payments ...

A teller counts and arranges dollar notes at an Agricultural Bank of China branch in Qionghai, Hainan province. [Photo/China Daily] BEIJING - China's commercial banks saw a forex settlement ...