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Hong Kong Preparing to Join Digital Yuan Pilot, Extend ‘Cross-border’ Reach


Mainland China and Hong Kong are set to co-launch the digital yuan’s first cross-border pilot project – as the People’s Bank of China (PBoC)-led project edges ever-closer to roll out. According to Shanghai Securities News, Howard Lee, the Deputy Chief Executive of the Hong Kong Monetary Authority...

Report: China Suspected of Stockpiling Gold to ‘Cut Greenback Dependence’


During the first week of November, the World Gold Council’s (WGC) report that covered last quarter’s global gold demand noted that central banks worldwide purchased close to 400 tons of gold in Q3 2022. The study highlighted that it was the “most on record,” and the WGC researchers also...

Shanghai Readies New Digital Yuan Giveaway


Shanghai, China’s biggest city and its most powerful financial hub, is set to give away digital yuan tokens to 7000,000 of its residents later this week.... Read More: Shanghai Readies New Digital Yuan Giveaway

Blizzard Games Are Disappearing From China Thanks To 'A Jerk'


NetEase, the service provider Overwatch creators Blizzard have been using to bring its games to China for the last 14 years, is ending several licenses with the developer. Overwatch 2, Diablo III, World of Warcraft, StarCraft, Hearthstone, Heroes of the Storm will no longer receive service...

Another Digital Yuan Giveaway Will See $2.75m Distributed in China’s Fuzhou


China’s digital yuan pilot continues to gather pace: The nation’s central bank is teaming up with an e-commerce heavyweight in an effort to boost adoption. The parties will be giving away another $2.75m worth of coins (in e-voucher form) in the city of Fuzhou, in China’s Fujian Province.... Read...

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