Bank of China

A Chinese bank processed over $1.7 billion in cross-border transactions via mBridge, a multilateral CBDC platform, highlighting its capability for high-value settlements and advancing Beijing's yuan globalization goals. The transactions were conducted by the Bank of China's Shenzhen and Fujian branches in June and July.

The National Pork Producers Council (NPPC) is pushing the 'Save Our Bacon Act' (SOB Act), which would eliminate over 600 state pre-harvest farming standards, including animal welfare laws. Smithfield Foods, a Chinese-owned corporation, heavily influences NPPC and benefits from the bill, which undermines state laws passed by voters to improve livestock treatment.

China and the United Arab Emirates are establishing a cross-border QR payment system to facilitate yuan internationalization. The initiative involves Bank of China, UnionPay International, and Al Etihad Payments, enabling users to make payments via domestic mobile apps in either country.

China and the United Arab Emirates are establishing a cross-border QR payment system to enhance the international use of the yuan. The collaboration involves Bank of China, UnionPay International, and Al Etihad Payments, allowing users to make payments via mobile apps in both countries using QR codes.

China's four major state-run banks are the largest globally in asset scale, according to a report by The Banker magazine. The report highlights that Chinese banks occupy seven of the world’s top 10 positions, reflecting Beijing’s efforts to strengthen its global financial influence.

Bank of China evaded 2.37 billion yuan (US$348 million) in taxes by misusing preferential treatment for publicly offered mutual funds between April 2023 and August 2025, according to a National Audit Office report. The audit found the bank used disguised mutual fund structures to avoid paying taxes, as Beijing intensifies financial compliance efforts.

Over 95% of overseas companies plan to maintain or increase cross-border yuan settlements in the coming year, according to a Bank of China poll. The report highlights growing global business interest in the yuan as part of Beijing's efforts to internationalize the currency.