Province Zhejiang Financial News

27.11 / 06:41

Citi Provident Digital Platform country China Links Digital Yuan to ‘World’s Biggest Commodities Market’

A state-owned Chinese bank will link the digital yuan to the “world’s biggest small commodities market” via the latter’s payment platform.

31.08 / 01:09

Citi Digital show China Set for Digital Yuan Adoption Drive Ahead of Asian Games

China is readying a fresh digital yuan adoption push ahead of next month’s Asian Games, with the nation ready to show off its CBDC to a large international audience for the first time.

29.08 / 10:45

MET Aware Celebrity show country Standard 'Rahul Gandhi's claims were true': Kharge, Sanjay Raut on China's new 'standard map' including Arunachal, Aksai Chin

Aksai Chin occupied by it in the 1962 war as part of its territory. The map also incorporates China's claims over the nine-dash line thus laying claim to a large part of the South China Sea. The map was released by China’s Ministry of Natural Resources during the celebration of Surveying and Mapping Publicity Day and the National Mapping Awareness Publicity Week on Monday in Deqing county, Zhejiang province, as per China Daily newspaper.

20.08 / 03:35

COST Provident Career CVS 'Can't sleep at night': China's youth worry about tough job market

job in her chosen field of market research despite sending out thousands of CVs to Chinese employers. The months-long search has taken an emotional toll on the 23-year-old, who had ironically conducted a survey on jobseeking anxiety as part of her university studies. «After graduating, I've found that the pressure is really huge,» she told AFP at a recruitment fair in Beijing this weekend, declining to provide her full name for fear of repercussions.

03.08 / 10:39

COST UPS Citi Provident Updates Typhoon Khanun predicted to make U-turn and return to Japan, providing relief to China. Top updates

Typhoon Khanun would cause severe damage to China which is reeling from rain from an earlier typhoon that caused deadly flooding and damage in Beijing, reported AP. If the forecast from the Japan weather agency proves true, oit would largely spare China from a double whammy. Khanun, which means jackfruit in Thai, had sustained surface winds of 162 kph (100 mph) with higher gusts Thursday morning.

01.08 / 12:39

Citi Art country Inside reports stake Chinese tech titan Jack Ma turns to farming, invests 10% stake in agrotech startup: Reports

Business Insider on 1 August, quoting a report from South China Morning Post. Incorporated on 20 July in Hangzhou city, the agrotech startup is called '1.8 Meters Marine Technology (Zhejiang) Co', said the report, adding Ma's off of investment holdings companies, Hangzhou Dajingtou No. 22 Arts and Culture Co., invested a 10% stake in the startup.

31.07 / 15:19

Citi Waves FIVE Extreme Southern country China braces for Typhoon Khanun after Typhoon Doksuri wreaks havoc in Beijing, Fujian, millions evacuated

Typhoon Doksuri swept the country bringing torrential rains and flash floods across the country. Last week Typhoon Doksuri made heavy landfall in the southeastern coastal province of Fujian where authorities evacuated millions of people. Similarly, more than thirty thousand residents were evacuated from the capital Beijing. However, there is little relief as Typhoon Khanun is approaching coastal areas of eastern China, according to reports.

26.07 / 07:01

Citi Provident FIVE Digital Metro Shaoxing, China, Launches Asian Games-themed Digital Yuan Giveaway – CBDC Showcase Planned

The Chinese city of Shaoxing is planning an Asian Games-themed digital yuan giveaway, as the nation prepares for a major central bank digital currency (CBDC) showcase.

03.06 / 01:17

UPS Citi Digital Metro Winter Olympics China CBDC More China CBDC Public Transport Options Unveiled – Digital Yuan Readies Asian Games Debut

Digital yuan payment adoption is stepping up in China ahead of the Asian Games, with venue cities rolling out a range of central bank digital currency (CBDC) transport options.

04.04 / 13:45

Citi Digital Citizens Landmark Highways 310,000 Private Digital Yuan Wallets Opened in China’s Nanjing Since 2022 – Is the CBDC Taking Off?

Citizens in Nanjing, China, have opened more than 310,000 personal digital yuan wallets – with other cities in the nation also posting similar statistics.

24.03 / 15:03

UPS Citi Digital Platform Cross-border Digital Yuan Adoption Drives Now Focusing on Cross-border Pay – Are CBDCs Set to Take Over?

A growing number of Chinese government city authorities, banks, and firms are looking to adopt the digital yuan as a payment tool – as the central bank digital currency (CBDC) rollout continues to intensify.

22.03 / 15:11

CBDC Chinese Employees Pay Social Insurance Fees, Taxes with Digital Yuan – Is CBDC Adoption on the Rise?

A growing number of Chinese employees and firms can now use the nation’s Central Bank Digital Currency (CBDC) – the digital yuan – to pay their social insurance premiums and taxes.

11.01 / 17:19

Digital Yuan Pilot Expands into Wealth Management, Securities & Education

The central People’s Bank of China (PBoC)’s digital yuan is set to expand into the world of wealth management – and has also broken new ground in the field of education.

29.12 / 19:45

business Blockchain Bitcoin Chinese Communist Party official pleads guilty to helping Bitcoin miners

According to a report published by state-owned daily news program Xinwen Lianbo on Dec. 29, Xiao Yi, former Communist Party Secretary of the City of Fuzhou, pleaded guilty to corruption charges in the Zhejiang Hangzhou Intermediate People's Court. During his tenure as director from 2008 to 2021, Yi was accused of accepting over 125 million CNY ($18 million) in bribes related to construction programs and illicit promotions.

13.12 / 13:59

Alibaba’s Alipay & Taobao Platform to Launch Digital Yuan Pay Functions

An affiliate of the Chinese tech giant Alibaba has claimed that it will allow customers to pay with the digital yuan on its Taobao e-commerce platform, in addition to the market-leading Alipay e-payments platform.

07.12 / 14:43

NFT Legal Court Court in China Determines That NFTs Represent Virtual Property and Are Protected by Law

Though a court in China ruled against the claims made by a non-fungible token (NFT) buyer, it found that these tokens are virtual property protected by law.

20.07 / 23:21

Adoption Tax banking Local Tax 'First' for Digital Yuan as Pilot Continues to Broaden Scope

Chinese citizens have begun using the digital yuan to pay “inter-city” tax bills – doing away with the need to conduct wire transfers to local tax authorities via banks.

29.04 / 07:55

Blockchain Adoption Digital Currency Residents of 3 Chinese cities paying taxes and charges with digital yuan

Residents in three major Chinese cities have begun paying tax, stamp duty and social security premiums using the country’s central bank digital currency — the digital yuan (e-CNY).

29.04 / 03:13

CBDC Adoption Tax Digital Yuan Now Being Used to Pay Taxes in Chinese Pilot Zones

Some Chinese citizens now appear to be paying their taxes in the digital yuan, with the pilot gathering pace in the nation’s fast-growing pilot area.

22.04 / 03:05

CBDC Adoption Payments Fine Chinese Man Uses Digital Yuan to Pay Court-issued Fine in Legal First

Chinese media outlets have been reporting on a new first for the digital yuan – with the central bank-issued token used to pay a court-issued fine for the first time.

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