The People's Bank of China has added 12 new digital yuan service operating institutions.

MetaMuskRat · 2026-04-04T02:41:48+00:00

People's Financial News, April 2 — To implement the "14th Five-Year Plan" guidelines on "steady development of digital RMB," further enhance the inclusiveness of digital RMB services, and continuously respond to the public's demand for safe, convenient, and efficient digital RMB services, the People's Bank of China has added CITIC Bank, China Everbright Bank, Huaxia Bank, China Minsheng Bank, China Guangfa Bank, Shanghai Pudong Development Bank, Zhejiang Merchant Bank, Bank of Ningbo, Jiangsu Bank, Bank of Beijing, Nanjing Bank, and Bank of Suzhou as operational institutions for digital RMB services, and connected them to the central bank's digital RMB system. The newly added institutions will commence digital RMB operations after completing business and technical preparations. Moving forward, the People's Bank of China will orderly expand the number of operational institutions in accordance with market-oriented and legal principles, further stimulate the enthusiasm and creativity of market entities, and build an open, inclusive, and fair competitive environment for the development of digital RMB.

MetaMuskRat

2026-04-04 02:41:48

People’s Finance News, April 2, for implementing the decisions and deployments in the “15th Five-Year Plan” outline regarding “steady development of the digital yuan,” and further enhancing the inclusiveness of digital yuan services, the People’s Bank of China has continuously responded to the public’s demand for safe, convenient, and efficient digital yuan services. The People’s Bank of China has added China CITIC Bank, China Everbright Bank, Huaxia Bank, China Minsheng Bank, CEB Bank, Shanghai Pudong Development Bank, Zheshang Bank, Ningbo Bank, Jiangsu Bank, Beijing Bank, Nanjing Bank, and Suzhou Bank as bank-type digital yuan business operating institutions, and connected them to the central bank’s digital yuan system. After the newly added institutions complete their business and technical preparations, they will carry out digital yuan business. Next, the People’s Bank of China will, in an orderly manner, expand the number of operating institutions in accordance with market-oriented and rule-of-law principles, further stimulating the initiative and creativity of market entities, and build a digital yuan development environment that is open and inclusive, with fair competition.

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