Press "Enter" to skip to content

China’s digital-yuan transactions reached $5.3 billion, overseas visitors to be granted access to digital yuan – PBOC white paper

Last updated on July 17, 2021

Total digital-yuan transactions in the pilots across China have reached $5.3 billion and overseas visitors will be granted access to the sovereign digital currency without a local bank account during trials at the 2022 Winter Olympics in Beijing, according to a central bank white paper.

“The internationalisation of a currency is a natural result of market selection,” the PBOC said in the white paper.

China has been conservative in managing expectations over the . . .

To continue reading, please subscribe and you will get:


  • ORIGINAL & DATA-DRIVEN STORIES - We focus on the most important business events and the key trends in China's economy and markets, with details that you don't see elsewhere.
  • THE WIRE - An all-in-one channel with real-time updates of market-moving news and views sourced via a network of journalists, traders, brokers, analysts, etc. and from multiple reliable news outlets in mainland China. Here are some screenshots of our wire service.
  • DATA  - We provide data, in particular high frequency data from government agencies, various research institutes and industry bodies to help you get timely and detailed understanding of what is going on in China's economy.
  • WEEKLY NEWSLETTER - A summary of the week's top news distilled into one email.


Don't Miss Our Summer Special Offer! 

FREE TRIAL cancel anytime

Already have an account? Sign In