China plan bolsters cross-border payments, digital yuan
6:01 am Tuesday, February 08th, 2022
SHANGHAI (Reuters) – China will strengthen its cross-border yuan payments system and explore setting up infrastructure standards for a digital fiat currency as part of a five-year plan for financial standardization.
The plan, to be implemented during the 2021-2025 period, was published by four government agencies including China’s central bank and the securities watchdog on Tuesday, but was dated Nov. 25, 2021.
(Reporting by Shanghai Newsroom; Editing by Frank Jack Daniel)
