May 03, 2021 08:16
China s central bank has signed a strategic cooperation agreement with Ant Group, the fintech affiliate of Alibaba Group, to help build a technical platform for its sovereign digital currency, state media reported.
China has been developing its electronic yuan, or e-CNY, since 2014 with an aim to replace some of the cash in circulation. In lieu of a timetable for its official launch, the digital cash will first be used for retail payments domestically before it is used abroad, Chinese authorities have said.
The two sides will jointly promote the development of the e-CNY, based on Ant s database, Ocean Base, and its mobile development platform, mPaaS, according to the state tabloid Global Times.
China and SWIFT Partner to Take Digital Currency Global singaporestar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from singaporestar.com Daily Mail and Mail on Sunday newspapers.
Citibank Taiwan wins ESG award at Taiwan Banking and Finance Best Practice Awards
Staff writer
Citibank Taiwan Ltd (台灣花旗) was presented with the Best Environmental, Social and Governance (ESG) Award at the Taiwan Banking and Finance Best Practice Awards known as the Oscars of the financial sector at a ceremony hosted by the Taiwan Academy of Banking and Finance in Taipei on Friday.
It is the first ESG award given by the academy, signaling that financial institutions are increasingly being influenced by ESG issues.
“We are honored to be recognized by the Taiwan Banking and Finance Best Practice Awards this year. At the same time, we also see that companies all over the world are paying more and more attention to ESG,” Citibank Taiwan chairman Paulus Mok (莫兆鴻) said in a statement. “Citibank Taiwan has enhanced its corporate social responsibility [CSR] with the framework of ESG profiles, and our ESG efforts have also truly reflected the hard work of all ou
2020/12/11 15:25 (Pixabay photo) (Pixabay photo) TAIPEI (Taiwan News) The exchange rate for the New Taiwan dollar rose to NT$28.165 against the U.S. dollar at 10 a.m. Friday (Dec. 11), reaching its highest value in 23 years. The value of the country s currency opened at NT$28.30 and remained stable at around NT$28.20 for US$1 before noon, CNA reported. Total turnover amounted to US$814 million. Financial experts pointed out that the local currency has remained strong over the last few closings and that it will likely continue its ascent in the coming weeks, possibly surging past the NT$28 mark. They also expect exporters to continue selling U.S. dollars to avoid greater losses.
Financial risks low, but bear watching: TABF taipeitimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from taipeitimes.com Daily Mail and Mail on Sunday newspapers.