1 month ago
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Key Takeaways
- Eight banks were approved as e-CNY operators.
- The authorised network has grown to 30 lenders.
- Five newcomers are city commercial banks.
- Customer services will follow technical preparations.
- Domestic operator status is separate from cross-border access.
Eight banks have joined the e-CNY network
The People’s Bank of China has approved Ping An Bank, Hengfeng Bank, China Bohai Bank, Bank of Shanghai, Bank of Hangzhou, Huishang Bank, Bank of Changsha and Guangxi Beibu Gulf Bank as digital-yuan operating institutions.
Under the official announcement, the banks will be linked to the central bank’s e-CNY system and will begin providing services after completing their business and technical preparations.
That means the decision is an expansion of the network, not proof that every customer of these banks can already use the digital yuan. Each lender still has to turn its ap...
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