Belt and Road Weekly Investor Intelligence, #23
Belt and Road Weekly Investor Intelligence, #23 April 6, 2021 Posted by China Briefing Reading Time: 3 minutes
Tuesday, April 6, 2021
Welcome to this week’s issue of China Briefing’s Belt & Road Initiative Weekly Investor Intelligence round up.
In this week’s edition, we provide a complimentary PDF of a very well received Guide to exploiting China’s Belt & Road Initiative (BRI), highlighting areas where foreign investment can take advantage of the opportunities created by the infrastructure build. We take a critical look at the reality behind the statements of US President Joe Biden’s pledge to build a ‘US financed Belt & Road’ and look at how China is taking steps to build the global management architecture for digital currencies. We also catch up on the Chinese Foreign Minister Wang Yi’s recent five nation tour of the Middle East and its implications, in addition to examining the purpose b
China Proposes Global Rules for Managing Sovereign Digital Currencies
China Proposes Global Rules for Managing Sovereign Digital Currencies April 4, 2021 Posted by China Briefing Reading Time: 3 minutes
China’s Central Bank has proposed the application of global standards for the coming influx of sovereign digital currencies at the 2021
The outlined plan, titled ‘Global Sovereign Digital Currency Governance’ encompasses cross-border digital transactions, risk supervision, use and ownership of data, and other related financial and risk issues.
Mu Changchun, a director of the Digital Currency Research Institute of the People’s Bank of China (PBOC), has stated that the bank aims to become the first major global central bank to issue a sovereign digital currency. It aims to propel the internationalization of the RMB and reduce dependence on the global Dollar system.