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Digital Yuan Push Quickens as Ant International Spurs Instant Cross-Border Flows

Summary by South China Morning Post
The Shanghai-to-Hong Kong settlements worth hundreds of millions of yuan bypassed traditional channels and could accelerate Beijing’s broader yuan strategy.

2 Articles

South China Morning PostSouth China Morning Post
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Digital yuan push quickens as Ant International spurs instant cross-border flows

The Shanghai-to-Hong Kong settlements worth hundreds of millions of yuan bypassed traditional channels and could accelerate Beijing’s broader yuan strategy.

·Hong Kong, Hong Kong
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AydınlıkAydınlık

Historic Leap in Digital Yuan: A New Era in Global Finance Begins with Cross-Border Flow Lasting Seconds

China's state-owned banks ICBC and CCB, in collaboration with Ant International, have successfully completed trials of hundreds of millions of yuan of cross-border digital yuan transfers. Funds were transferred from Shanghai to Hong Kong in seconds.

·Türkiye
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South China Morning Post broke the news in Hong Kong, Hong Kong on Wednesday, September 23, 2026.
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