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24 October, 2021, 03:19

Chinese Banks Seek New Applications for Digital Yuan in Investment and Insurance

Chinese Banks Seek New Applications for Digital Yuan in Investment and Insurance

  • Tuesday-07-09-21

 Chinese Banks Partner With Fund Managers and Insurers in Search of Digital Yuan Use Cases.

China Construction Bank (CCB) and Bank of Communications (Bocom), two driving state-run banks, are expanding endeavors to discover new applications for the national bank advanced cash (CBDC) gave by the People's Bank of China. The loan specialists are presently working with venture reserve directors and insurance agencies as a feature of their computerized yuan (e-CNY) pilot projects.

The collaboration plans to work with the uti

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