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Can China relearn old lessons for Evergrande?

Can China relearn old lessons for Evergrande?
citywireselector.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from citywireselector.com Daily Mail and Mail on Sunday newspapers.

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香港電台網站 : 第三台|Money Talk|Business and Market Discussion / View from India

香港電台網站 : 第三台|Money Talk|Business and Market Discussion / View from India
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香港電台網站 : 第三台|Money Talk|Business and Market Discussion / View from India

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Alibaba s Ant Group working with China s Central Bank for Digital Yuan

Regarding the partnership with Ant Group and Tencent, Lun stated that all parties involved would benefit. Read more here.

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China s Central Bank Works with Ant, Tencent to Develop Digital Currency - New Delhi Times

May 3, 2021 Share 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.

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