Bank of China Financial News
22.12 / 19:35
economics
Asia
Interest rates
Bank of China
China's largest banks cut deposit rates in bid to boost growth
The ‘big four’ reduced their one-year deposit rates by 10bps to 1.45% and three-year rates were cut by 25bps to 1.95%, their lowest levels since 1996.
20.07 / 06:47
business
CBDC
Adoption
regulation
Bank of China
transaction volume
China’s digital yuan nears $250B transaction volume: Central bank governor
Nearly $250 billion worth of transactions have taken place using China’s digital yuan in the one-and-a-half years since the start of its pilot, the country’s central bank governor has claimed.
16.06 / 05:08
Adoption
HSBC
Bank of China
Standard
HSBC, Standard Chartered, and Bank of China Pressured by Hong Kong to Embrace Crypto Exchanges – Next Crypto Hub?
Hong Kong’s banking regulator has reportedly exerted pressure on banks including HSBC, Standard Chartered, and Bank of China to engage with crypto clients.
14.06 / 04:10
UBS
Bank of China
Bank of China Uses Ethereum Blockchain for $28 Million Digital Structured Notes – Crypto Adoption on the Rise?
Bank of China's investment arm BOCI has utilized the Ethereum blockchain network to issue $28 million worth of digital structured notes.
05.05 / 18:13
business
Government
Blockchain
CBDC
Financial Services
Bank of China
BNP Paribas teams up with Bank of China to promote digital yuan usage
The French bank BNP Paribas is collaborating with the Bank of China (BOC) to promote China's digital currency, the digital yuan, to its corporate clients, the South China Morning Post reported.
17.04 / 11:25
Adoption
regulation
Bank of China
Crypto Companies
China’s state-affiliated banks are on-boarding crypto companies in Hong Kong
Hong Kong’s push to become a crypto hub has opened an opportunity for not just crypto companies but many state-affiliated banks in China as well. The Chinese banks have shown interest in building partnerships and onboarding regulated crypto companies in Hong Kong, despite a blanket bank on crypto-related activities in mainland China.
02.03 / 14:31
CBDC
Adoption
Bank of China
reports
NOT
Hong Kong citizens not interested in digital yuan: Reports
The Chinese government’s beloved project of central bank digital currency (CBDC) has not sparked much enthusiasm in the citizens of Hong Kong. In the first four days since the “digital yuan” (also known as “e-CNY”) hard wallets became accessible to the islanders, only 625 Hongkongers had actually obtained them.
02.02 / 13:43
Law
regulation
Bank of China
Bitcoin
Bank of China ex-advisor calls Beijing to reconsider crypto ban
The idea of lifting the cryptocurrency ban has started floating in China as a former central bank official has called the country to review its stringent crypto restrictions.
07.11 / 12:33
NFT
regulation
Bank of China
regulatory
Wuhan omits NFTs from metaverse plan amid regulatory uncertainty in China
The Chinese city of Wuhan had reportedly shelved its aspirational nonfungible tokens (NFTs) plans amid growing regulatory uncertainty around the crypto and Web3 technologies in the country.
03.03 / 10:23
NFT
regulation
Bank of China
Tencent files for patent related to virtual concerts in Metaverse
Chinese tech conglomerate Tencent has filed for a virtual concerts patent with the Chinese National Intellectual Property Administration (CNIPA) according to business data-tracker Qichacha. The application comes as Chinese companies race to secure Metaverse trademarks.
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