Tag: People’s Bank of China

Didi’s digital payments unit fined by China’s central bank

Didi’s digital payments unit fined by China’s central bank

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The unit was fined for violations that included transactions not meeting the requirements for traceability and authenticity, and failure to report significant risk events in a timely manner The unit was fined for violations that included transactions not meeting the requirements for traceability and authenticity, and failure to report significant risk events in a timely […]

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China moots yuan pooling scheme to counter U.S. dollar dominance

China moots yuan pooling scheme to counter U.S. dollar dominance

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The arrangement aims to provide liquidity support for participating central banks during future periods of market volatility by creating a reserve pool, said PBOC The arrangement aims to provide liquidity support for participating central banks during future periods of market volatility by creating a reserve pool, said PBOC China’s central bank has signed an agreement […]

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