China adds 8 banks to digital yuan operator roster

Homepage > News > Finance > China adds 8 banks to digital yuan operator roster The People’s Bank of China (PBOC) announced that it has added eight banks to its list of authorized institutions for digital yuan ;operations, bringing the number of operating institutions for digital yuan business to 30. As reported by the local outlet China Daily on August 18, the PBOC said the expansion aimed to improve the inclusiveness of digital yuan services and meet public demand for secure, convenient, and efficient digital yuan operations. The newly added operators to be linked to the central bank’s digital yuan system include Ping An Bank, Hengfeng Bank, China Bohai Bank, Bank of Shanghai, Bank of Hangzhou, Huishang Bank, Bank of Changsha, and Guangxi Beibu Gulf Bank. These new operators will begin offering digital yuan services once operational and technical preparations are complete, with no specific date or timeline provided, according to the report. Doubling down on digital yuan The digital yuan, or e-CNY, was launched in 2019 by the PBOC and swiftly became one of the most advanced and widespread central bank digital currencies (CBDCs) in the world. As of November 2025, the govern...