Digital money is a logical step in a process of continuous technological advancement in payment systems. In response, central banks are reviewing their conduct of monetary operations in light of the new shape of financial markets and systems. The impact of digital money will depend on the type of money substitution by digital money. The paper straddles several cases where substitution of CiC (currency in circulation), and bank deposits may take place via digital money such as CBDC or other e-money, and how it would impact the central bank balance sheet. Remuneration of CBDC, if aligned to a new objective, could potentially amplify the effect on the interest rate channel of monetary policy.

Technological innovation in the market for financial services has given rise to new products, new delivery channels and, most importantly, new providers, such as big techs. These developments are the source of a number of opportunities but may also present certain risks that need to be addressed by appropriate policy action.

Southlink is a mechanism for mainland institutional investors to invest in the Hong Kong bond market through a link between the mainland and Hong Kong basic services institutions. Since its launch one year ago, Southbound Connect has witnessed a growing trading volume and increasingly active investors, which not only increases the investment channels for mainland institutional investors, but also helps to steadily promote the two-way opening of China's financial market.

Governor Olli Rehn Bank of Finland Interview with Reuters, by Balazs Koranyi and Anne Kauranen Published 28 September 2022

National Association of Financial Market Institutional Investors (“NAFMII”) hereby promulgates the Detailed Rules for the Administration of Tiered Management of Debt Financing Instruments of Overseas Non-Financial Enterprises (the “Detailed Rules”) and the Form Requirements for Registration Documents for Debt Financing Instruments of Overseas Non-Financial Enterprises (the “Form”) with a view to fully implementing the policy of the CPC Central Committee and the State Council to expand the open-up of the financial sector in an active and orderly manner and further improving the quality and level of the open-up of the debt financing instruments market. To further regulate the registration and issuances of debt financing instruments by overseas non-financial enterprises, NAFMII hereby provides the notice on the relevant matters as follows:

German discount retailer Aldi South is considering a further business expansion in China with the planned opening of at least 100 new stores, the local business newspaper Handelsblatt has reported.

Bank of Finland Governor Olli Rehn has come out as a supporter of the European Central Bank’s (ECB) planned regional digital currency—the digital euro.

China has adopted a host of measures to support the elderly care and childcare industries to help them overcome difficulties, the country's top economic planner said Thursday.

As a new channel for foreign trade, cross-border e-commerce is injecting fresh impetus into China-Africa trade, bringing popularity to more and more African commodities in the Chinese market.

Officials from China's top economic planner, the National Development and Reform Commission (NDRC), on Tuesday vowed to further bolster investment in major infrastructure projects to help stabilize the economy amid lingering downward pressure.

China will optimize the policy environment conducive to the country's continuous economic recovery, a senior official with the country's top economic planner said on Tuesday.

It is reported that restrictions on the freedom of capital movement break the work of separate channels of transmissive mechanism of the monetary policy.