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China central bank's new venture signals digital yuan ambitions

Finance Gateway to do info systems integration, data processing, tech consulting

The establishment of Beijing-registered Finance Gateway could also help China expand the influence of its own cross-border clearinghouse and payment system.   © Reuters

The People's Bank of China (PBOC) has set up a joint venture with SWIFT, the global network that processes transactions between financial institutions in different countries, public business records show, although the central bank hasn't made any official statement about the linkup.

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