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Central bank digital currencies could use networks like ethereum, China's former digital yuan chief says


Central bank digital currencies could use networks like ethereum, China s former digital yuan chief says
skiderlin@businessinsider.com (Sophie Kiderlin)
© Costfoto/Barcroft Media via Getty Images
A consumer uses a digital yuan red envelope in a mobile phone to buy goods at a digital yuan cashier s desk Costfoto/Barcroft Media via Getty Images
The former head of China s digital yuan team said CBDCs could eventually run on blockchain networks.
He said CBDCs could use smart contracts on networks like ethereum, Sina Finance reported.
China has become the first major economy to trial a CBDC, the digital yuan.
Yao Qian, the former head of China s digital yuan team said central bank digital currencies could use blockchain networks like ethereum in the future, Sina Finance reported on Monday. ....

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Ping An Reports YoY Growth of 8.9% in Operating Profit Attributable to Shareholders of the Parent Company in Q1 2021


Press release content from PR Newswire. The AP news staff was not involved in its creation.
Ping An Reports YoY Growth of 8.9% in Operating Profit Attributable to Shareholders of the Parent Company in Q1 2021
April 22, 2021 GMT
HONG KONG and SHANGHAI, April 22, 2021 /PRNewswire/ Ping An Insurance (Group) Company of China, Ltd. (hereafter “Ping An” or the “Group” or the “Company”, HKEX: 2318; SSE: 601318) today announced its first quarter financial results for the three months ended 31 March 2021.
In the first three months of 2021, China achieved strong results in the prevention and containment of the COVID-19 epidemic. Amid steady headline domestic economic recovery, Ping An’s traditional offline business development gradually resumed. However, demand for long-term protection business remained depressed as the underlying domestic economic recovery was not as strong, with domestic discretionary demand still recovering. Ping An adopted various forward ....

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