Digital RMB Operating Institutions Expand to 30 with Eight New Banks
The roster of Digital RMB (e-CNY) operating institutions has expanded once again.On August 17, the People's Bank of China announced that Ping An Bank, Hengfeng Bank, Bohai Bank, Bank of Shanghai, Bank
The roster of Digital RMB (e-CNY) operating institutions has expanded once again.
On August 17, the People's Bank of China announced that Ping An Bank, Hengfeng Bank, Bohai Bank, Bank of Shanghai, Bank of Hangzhou, Huishang Bank, Bank of Changsha, and Guangxi Beibu Gulf Bank have been newly designated as banking-type digital RMB operating institutions and will be connected to the PBoC's digital RMB system.
The newly added institutions will roll out digital RMB services once they complete the necessary business and technical preparations.
With this expansion, the total number of digital RMB operating institutions has grown to 30.
The first batch of 10 digital RMB operating institutions comprised Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, China Construction Bank, Bank of Communications, Postal Savings Bank of China, China Merchants Bank, Industrial Bank, WeBank, and MYbank. In April this year, the PBoC added eight more institutions, namely China CITIC Bank, China Everbright Bank, Hua Xia Bank, China Minsheng Bank, China Guangfa Bank, Shanghai Pudong Development Bank, China Zheshang Bank, and Bank of Ningbo.
(Source: Securities Times)
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