Briefly

Digital yuan debuts in futures transaction

China's digital fiat currency, or the e-CNY, has been used for the first time in transactions in the domestic futures market, China Securities Journal reported. The e-CNY has been used by the Dalian Commodity Exchange for the payment of storage fees to a delivery warehouse, assisted by the local branches of Bank of Communications and Bank of China. The use of the e-CNY in the futures market provided an efficient, zero-cost and safe payment alternative for futures exchanges and market participants through real-time interbank payment, the newspaper reported, citing sources from the banks.

Heilongjiang's exports, imports firm in Jan-July

Northeast China's Heilongjiang province saw its foreign trade total 109.72 billion yuan ($16.88 billion) from January to July, up 19.8 percent year-on-year, Harbin Customs said. Heilongjiang's exports reached 23.71 billion yuan, up 15.5 percent year-on-year, and its imports amounted to 86.01 billion yuan, up 21.1 percent. Trade volume with Russia topped 71.07 billion yuan, up 23 percent year-on-year, accounting for 64.8 percent of the province's total foreign trade. Its imports from Russia were worth 65.48 billion yuan, up 24.5 percent, and exports totaled 5.59 billion yuan, up 7.5 percent.

Xinhua - China Daily