Breaking Banks Asia Pacific

Breaking Banks Asia Pacific

Episode 9: China’s CBDC & the new financial order

March 21, 2023

China continues to forge ahead with its central bank 
digital currency, notching up millions of transactions through giveaways and lottos. But beyond the consumer headlines lies a long-term strategy that could disrupt both banks and international trade. 

We speak with two experts, ‘Cashless’ author Richard Turrin and Singapore Management University professor and China economic law scholar Heng Wang, on what it might mean for banks and the global financial order.