Latest News for: Renminbi law

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Closer integration with mainland to benefit HK: China Daily editorial

China Daily 02 Sep 2021
The enactment of the National Security Law of Hong Kong and other legal measures provide the necessary guarantees for social stability in the SAR, allowing the government to focus on boosting the economy and people's livelihoods by better dovetailing Hong Kong's economic development with the mainland's.
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Li Bo assumes role of Deputy Managing Director at IMF

China Daily 25 Aug 2021
Li played an important role in the reform of State-owned banks, the drafting of China's anti-money-laundering law, the internationalization of the renminbi and the establishment of China's macroprudential policy framework ... He also holds a JD, magna cum laude, from Harvard Law School.
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Beijing pushes HK to help globalize the yuan

Asiatimes 23 Aug 2021
For many years, investors have demanded more renminbi products in Hong Kong ... The central government’s latest move to highlight Hong Kong’s status as an international renminbi hub came after Beijing decided to delay the implementation of its Anti-Foreign Sanctions Law in Hong Kong last Friday ... Beijing stalls plan to impose HK anti-sanctions law.
photo: Creative Commons
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Maintaining US dollar's preeminence is key to U.S. national security

The Hill 26 Jul 2021
When compared to the dollar, the Chinese renminbi accounts for only a fraction of global usage, but the CCP’s progress with the development of a digital yuan could pose a threat to the U.S ... the renminbi) is not based on a free and open economic standard, or the rule of law, as the levers of currency control can be easily manipulated by the CCP.
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China bars foreign curriculum, ownership in some private schools

Metro USA 17 May 2021
BEIJING (Reuters) – China’s State Council announced new laws halting the teaching of foreign curriculum in schools from kindergarten to grade nine (K-9) and prohibiting the ownership or control of any private K-9 schools by foreign entities. The laws, which will come into effect on Sept ... ($1 = 6.4308 Chinese yuan renminbi.
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China bars foreign curricula, ownership in some private schools

Reuters 17 May 2021
The new law, which comes into effect on Sept ... Members of the board of directors or any other decision- making body at a private K-9 school must be Chinese nationals and must include representatives from the regulators, according to the Private Education Promotion Law published on Friday on a government website ... ($1 = 6.4308 Chinese yuan renminbi.
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Digital Yuan Won’t Be Fully Anonymous but Offers ‘Controllable’ Privacy Protection, Says Official

Bitcoin 24 Mar 2021
Although the payment departments of telecom operators are also involved in the research and development of digital renminbi, according to the current national laws and regulations, telecom operators are not allowed to disclose mobile phone customer information to third parties such as the central bank.
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TikTok’s Chinese version Douyin sued Tencent for monopolistic behaviour

Metro USA 02 Feb 2021
... chat apps which should be prohibited by anti-monopoly law, ByteDance added. ($1 = 6.4561 Chinese yuan renminbi).
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Ex-chairman of China’s Huarong Asset Management sentenced to death

Metro USA 05 Jan 2021
He was also convicted on a charge of bigamy. Lai was expelled from the ruling Communist Party in 2018 ... Schneps Connects ... Subscribe.. RSS iTunes Spotify Stitcher ... “The social harm was huge and the crimes were extremely serious and he should be severely punished according to law,” the court said. ($1 = 6.4614 Chinese yuan renminbi) ... .
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Ex-chairman of China Huarong Asset Management sentenced to death

Metro USA 05 Jan 2021
Lai, who was expelled from the ruling Communist Party in 2018, was also convicted on a charge of bigamy. Reuters was unable to contact Lai or his lawyer for comment ... “The social harm was huge and the crimes were extremely serious and he should be severely punished according to law,” the court said. ($1 = 6.4614 Chinese yuan renminbi) ... .
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Ex-chairman of China's Huarong Asset Management sentenced to death

Yahoo Daily News 05 Jan 2021
Read full article. 5 January 2021, 10.20 am·1-min read ... He was also convicted on a charge of bigamy. Lai was expelled from the ruling Communist Party in 2018 ... "The social harm was huge and the crimes were extremely serious and he should be severely punished according to law," the court said. ($1 = 6.4614 Chinese yuan renminbi) ... TRENDING ... .
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China’s cryptocurrency journey explained

Cryptopolitan 29 Dec 2020
China and cryptocurrency law. In October 2020, China drafted a law that made the digital Yuan legal while its competitors were outlawed ... The law stated that the People’s Republic of China’s main currency is the Renminbi, which now exists in digital and physical form ... Anyone who breaks the law will get a fine, and their trading will cease.
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Major step forward for digital renminbi: China Daily

Straits Times 15 Dec 2020
This marks a major step forward for the official launch of the digital renminbi, and signals the momentum is picking up pace ... At the forefront of this trend, China started testing a digital currency as early as 2014, and it is considering revising its bank law to pave the way for issuing of the digital renminbi.
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Striving forward toward cashless society: China Daily editorial

China Daily 14 Dec 2020
This marks a major step forward for the official launch of the digital renminbi, and signals the momentum is picking up pace ... At the forefront of this trend, China started testing a digital currency as early as 2014, and it is considering revising its bank law to pave the way for issuing of the digital renminbi.
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E-commerce Giant JD.com Starts Accepting Digital Yuan on Its Platform

Coinspeaker 07 Dec 2020
This will be one of the major giveaways to nearly 100,000 customers ... Back in October 2020, the People’s Bank of China (PBoC) proposed a law that recognizes Renminbi in both physical and digital forms. Besides, the law also bans all third-party digital currencies from private players ... next ....
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