The policy package seeks to deepen Hong Kong-mainland market connectivity through Bond Connect enhancements and expanded renminbi liquidity support; HKEX seeks closer CIPS connectivity.
The framework will support IDR-CNH settlement between Indonesia and Hong Kong, alongside moves to enhance Indonesia-China QR payment connectivity and CIPS access.
China is accelerating the international rollout of its digital yuan, shifting focus from retail trials to programmable, cross-border use cases. As treasurers weigh the strategic implications, new pilots and infrastructure moves suggest the e-CNY may soon play a more central role.
The People's Bank of China is stepping in to curb a rush into sovereign debt amid economic weakening, a rare move aimed at stabilising the financial markets.
Increased supervision of China's banks would likely contribute to the stability of the global financial system, given the nation's large economy and its importance to emerging markets.
Federal Reserve and European Central Bank among institutions that contributed to report laying out key requirements for CBDCs. China’s PBOC wasn’t involved.
Central bank has developed offsite monitoring system for payment settlements and will continue to support SupTech’s adoption, according to its deputy governor.
Shanghai drafts rules for its ‘Nasdaq-style’ tech board, Philippines sets new rules on cryptocurrencies, Malaysia fines Deloitte over 1MDB, ISDA warns on regulatory fragmentation