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Lu Lei, deputy head of the State Administration of Foreign Exchange, says technology like ChatGPT, an AI chatbot, could be used to study financial issues and inform monetary policy.

Commentary Last week, South Dakota Republican governor Kristi Noem rejected a bill (HB1193) to update the Uniform Commercial ...

Getting both WeChat Pay and Alipay as express payment options on the e-CNY app shows the People’s Bank of China’s increased effort to spur adoption of the country’s sovereign digital currency.

Outstanding levels of Digital Currency Electronic Payment, also known as e-CNY, stood at 13.61 billion yuan (US$2 billion) at the end of December, according to the People’s Bank of China.

Central banks may find they can have only two of these: a digital currency, transaction confidentiality and financial stability

Barry Eichengreen thinks policymakers’ race to roll out new payment vehicles is being driven by some questionable assumptions.

As the fall semester started in September, Liu Xiaojing, 35, a product manager in Beijing, enrolled her 7-year-old son into an after-school English-language program. That was a sort of an encore. The child had completed a similar program that coincided with the spring semester. The only difference this time round was that Liu paid 3,168 yuan ($437) toward the program in digital yuan, or e-CNY.

Since the first day I started covering stories about the digital yuan, one question has occupied my mind constantly — What is the real relationship between the country's push toward a central bank digital currency, or CBDC, and yuan internationalization?

Hong Kong Monetary Authority will launch a series of pilot schemes with banks and technology firms to test the e-HKD from the fourth quarter.

China should take a lead role in creating international rules for digital currencies, which will increase global settlements using the yuan and loosen US dollar dominance, experts say.