There is no official timetable for the launch of China’s digital yuan despite various pilot programmes in the cities of Shenzhen, Suzhou, Xiongan and Chengdu. Photo: JD.com

China economy

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Economy / China Economy

China’s SWIFT joint venture shows Beijing eyeing global digital currency use, to internationalise yuan

Finance Gateway Information Service was registered in Beijing last month with €10 million (US$12 million) as incorporation capital

SWIFT is the largest shareholder followed by China National Clearing Centre, a wholly-owned domestic settlement subsidiary of the People’s Bank of China (PBOC)

Knowledge | China's digital currency

Karen Yeung

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Published: 11:00pm, 4 Feb, 2021

Updated: 11:58pm, 4 Feb, 2021

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There is no official timetable for the launch of China’s digital yuan despite various pilot programmes in the cities of Shenzhen, Suzhou, Xiongan and Chengdu. Photo: JD.com

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China’s SWIFT joint venture shows Beijing eyeing global digital currency use, to internationalise yuan

Finance Gateway Information Service was registered in Beijing last month with €10 million (US$12 million) as incorporation capital SWIFT is the largest shareholder followed by China National Clearing Centre, a wholly-owned domestic settlement subsidiary of the People’s Bank of China (PBOC)

Finance Gateway Information Service was registered in Beijing last month with €10 million (US$12 million) as incorporation capital

SWIFT is the largest shareholder followed by China National Clearing Centre, a wholly-owned domestic settlement subsidiary of the People’s Bank of China (PBOC)