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China tees up digital payments system to compete with dollar

Beijing’s cross-border currency platform will be backed by central banks of Hong Kong, Thailand, UAE and Saudi Arabia

1 report1 sourceJun 14, 2026, 2:24 AM
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Financial TimesJun 14, 2026, 2:24 AM

China tees up digital payments system to compete with dollar

Beijing’s cross-border currency platform will be backed by central banks of Hong Kong, Thailand, UAE and Saudi Arabia

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