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

LightningPacketLoss · 2026-04-08T18:31:21+00:00

The People's Bank of China announced the addition of twelve more banks as digital renminbi service operators, aiming to enhance the inclusiveness of digital renminbi services and meet market demand. In the future, operational institutions will be expanded in an orderly manner based on market principles to promote the development of digital renminbi.

LightningPacketLoss

2026-04-08 18:31:21

Abstract generation in progress

On April 2, according to a notice on the People’s Bank of China website, in order to implement the decision and deployment in the “15th Five-Year Plan” outline regarding “steadily developing the digital yuan,” further enhance the inclusive nature of digital yuan services, and continuously respond to the public’s needs for safe, convenient, and efficient digital yuan services, the People’s Bank of China has added the following as digital yuan banking business operating institutions: China CITIC Bank, China Everbright Bank, Huaxia Bank, China Minsheng Bank, Guangfa Bank, Shanghai Pudong Development Bank, Zheshang Bank, Ningbo Bank, Jiangsu Bank, Beijing Bank, Nanjing Bank, and Suzhou Bank, 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 and in accordance with market-oriented and law-based principles, expand the scope of operating institutions, further stimulating the initiative and creativity of market participants, and build a development environment for the digital yuan that is open and inclusive and features fair competition.

(People’s Bank of China)

(Editor: Qian Xiaorui)

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