Summary
News and analysis on China's progress in developing a sovereign digital currency, including the latest trials and its potential impact on the global financial system....more
Explainers
Background
What is China’s sovereign digital currency?
What You Need To Know
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Trials
Policy
Background
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In Numbers
As part of pilot tests for the e-yuan in four major cities over the past year, more than
2 billion yuan
(US$307 million) has been spent by consumers
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As part of pilot tests for the e-yuan in four major cities over the past year,
4 million
transactions in shops, restaurants and online stores have been conducted
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The Shenzhen government said it will give away
20 million yuan
(US$3.1 million) via “red packets” – gift envelopes traditionally given out during holidays and special occasions – to residents of Shenzhen’s Futian district via a lottery in January.
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