China to issue free digital yuan to boost locked down economy
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Shenzhen, Guangzhou, and Xiong’an New Area announced they are distributing free digital yuan “red packets” to boost local consumption amid China’s economic slowdown fueled by mass Covid lockdowns. …
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Key Highlights China’s commercial banks will start paying interest on digital yuan wallets from January 1, 2026, to encourage wider public and business use. Digital yuan balances at banks will earn interest and get deposit insurance, making them similar to regular bank deposits. The system will run through banks under…
Hong Kong will soon roll out a pilot program for the retail cross-border use of e-CNY — China’s central bank digital currency (CBDC) — and small and midsize businesses could be major beneficiaries,... [[ This is a content summary only. Visit my website for full links, other content, and more!…
The Chinese government is giving away 15 million yuan in central bank digital currency (CBDC) to 130,000 residents of Shenzhen this Friday. The digital yuan can be used at nearly 5,000 stores with no... [[ This is a content summary only. Visit my website for full links, other content, and…