Logo 01 Sep 2020

Two more state-owned banks join DCEP pilot

Subscribe to keep reading.

Sign up to stay briefed on what the Chinese government is doing, thinking, and saying.

Already a subscriber? Log in.

Thought we were done with updates on the central bank’s digital currency (DCEP) pilot (see also previous entry)?

Not by a long shot.

On Monday, Caixin reported that Postal Savings Bank of China (PSBC) and China CITIC Bank have joined the DCEP pilot.

Some context: Banks already participatin...