China adds eight banks to digital yuan network as operators reach 30

cryptonews08-17

The People’s Bank of China has added eight commercial banks to its digital yuan operating network, taking the number of e-CNY service operators to 30 as the central bank continues expanding access to ...

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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina adds eight banks to digital yuan network as operators reach 30\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-08-17 16:33 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://crypto.news/china-adds-eight-banks-to-digital-yuan-network-as-operators-reach-30/><strong>cryptonews</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The People’s Bank of China has added eight commercial banks to its digital yuan operating network, taking the number of e-CNY service operators to 30 as the central bank continues expanding access to ...</p>\n\n<a href=\"https://crypto.news/china-adds-eight-banks-to-digital-yuan-network-as-operators-reach-30/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1224709979.USD","symbol_name":"FIDELITY CHINA FOCUS \"A\" (USD) ACC","start_time":0,"source_url":"https://crypto.news/china-adds-eight-banks-to-digital-yuan-network-as-operators-reach-30/","article_id":"2660841485","we_media_id":null,"thumbnails":[],"rights":{"source":"crypto_news_highlight","url":"https://crypto.news/china-adds-eight-banks-to-digital-yuan-network-as-operators-reach-30/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2660841485","pubTimestamp":1786955620,"columns":[],"sourceInfo":{"source_id":"crypto_news_highlight","name":"Crypto News"},"weMediaInfo":null,"summary":"The People’s Bank of China has added eight commercial banks to its digital yuan operating network, taking the number of e-CNY service operators to 30 as the central bank continues expanding access to its state-backed digital currency.China’s central bank has added eight banks to the digital yuan network, taking the number of operators to 30.The new banks will begin offering e CNY services after completing business and technical preparations.The expansion follows changes allowing verified digital yuan wallets to earn interest from January 2026.China has also increased cross border e CNY trials, including a July payment between China and Singapore.The eight banks have also been connected to the central bank-side digital renminbi system, putting the technical link needed for them to provide e-CNY services in place. Customer-facing operations will begin after each institution completes its remaining business and technical preparations, the PBOC said.Digital yuan operator network has expand","collect":0,"end_time":0,"defaultTopTitle":"crypto.news","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1224709979.USD":"FIDELITY CHINA FOCUS \"A\" (USD) ACC","LU0370786039.SGD":"Fidelity Greater China A-SGD","BK1231":"综合性银行","LU0540923850.HKD":"ALLIANZ HONG KONG EQUITY \"A\" (HKD) INC","LU1497734951.SGD":"Eastspring Investments - Asian Low Volatility Equity Fund ASDM SGD-H","01398":"工商银行","LU1282651048.USD":"ALLIANZ GEM EQUITY HIGH DIVIDEND \"AMG\" (USD) INC","LU1023057109.AUD":"BGF CHINA \"A2\" (AUDHDG) ACC","LU1880383440.USD":"AMUNDI FUNDS CHINA EQUITY \"A2\" (USD) INC","SG9999002463.SGD":"LionGlobal China Growth SGD","IE00BMCWC346.EUR":"GUINNESS EMERGING MARKETS EQUITY INCOME \"C\" (EUR) ACC","LU0326950275.SGD":"Schroder ISF China Opportunities A Acc SGD-H","SG9999001051.SGD":"United Asia Fund SGD","LU1497733557.USD":"EASTSPRING INV ASIAN LOW VOLATILITY EQUITY FUND \"A\" (USD) INC A","LU1634259391.SGD":"Eastspring Investments - Asian Low Volatility Equity Fund AS SGD","LU0149721374.USD":"HSBC GIF HONG KONG EQUITY \"AD\" INC","SG9999007991.SGD":"Schroder Asian Income A Dis SGD","LU0417516902.SGD":"Allianz China Equity Cl AT Acc SGD","LU0348825331.USD":"ALLIANZ CHINA EQUITY \"A\" (USD) INC","SG9999001069.SGD":"UOB UNITED ASIA PACIFIC GROWTH (SGD) ACC","SG9999013353.USD":"SCHRODER ASIAN INCOME FUND\"A\" (USDHDG) INC","LU0052750758.USD":"富兰克林中国基金A Acc","LU0320764599.SGD":"FTIF - Templeton China A Acc SGD","SG9999001093.SGD":"United Greater China Fund A Acc SGD","LU1794554557.SGD":"Allianz All China Equity AT Acc H2-SGD","FCA":"First Trust China AlphaDEX Fund","LU1282651121.HKD":"ALLIANZ GEM EQUITY HIGH DIVIDEND \"AMG\" (HKD) INC","LU0469268626.HKD":"AB FCP I-ASIA EX JAPAN EQUITY PTF(AD","IE00BVYPNQ40.USD":"GUINNESS ASIAN EQUITY INCOME \"C\" (USD) ACC","LU0149534421.HKD":"SCHRODER ISF HONG KONG EQ \"A\" ACC","LU0463099449.HKD":"SCHRODER ISF CHINA OPPORTUNITIES \"A\" (HKD) ACC","LU2294711473.HKD":"BNP PARIBAS CHINA EQUITY \"C\" (HKD) ACC","SGXZ90724238.SGD":"UNITED ASIA \"A\" (SGD) INC","IE00BVYPNP33.GBP":"GUINNESS ASIAN EQUITY INCOME \"C\" (GBP) ACC","PBOC":"PGIM S&P 500 Buffer 20 ETF - October","LU0359201885.HKD":"BGF CHINA \"A2\" (HKD) ACC","03143":"华夏香港银行股","LU0607220059.USD":"SCHRODER ISF HONG KONG EQUITY \"A\" (USD) ACC","LU1224444064.USD":"ALLIANZ GEM EQUITY HIGH DIVIDEND \"AM\" (USDHDG) INC","LU0307460666.USD":"EASTSPRING INVESTMENTS CHINA EQUITY \"A\" ACC","LU0572944931.SGD":"Janus Henderson Horizon China Opportunities A2 SGD","LU0501845795.SGD":"瑞银大中华区股票基金P Acc SGD","LU1634259557.SGD":"Eastspring Investments - Asian Low Volatility Equity Fund AS SGD-H","LU0823426308.USD":"法巴中国股票基金","IE00BGHQDM52.EUR":"GUINNESS ASIAN EQUITY INCOME \"C\" (EUR) ACC","LU0293314216.USD":"ALLIANZ GEM EQUITY HIGH DIVIDEND \"A\" (USD) ACC","LU1188198961.HKD":"SCHRODER ISF CHINA OPPORTUNITIES \"A\" (HKD) INC QV","LU0737861699.HKD":"FIDELITY CHINA FOCUS \"A \" (HKD) ACC","HK0001040143.USD":"中信里昂大中华高息股票基金 美元","LU0244354667.USD":"SCHRODER ISF CHINA OPPORTUNITIES \"A\" ACC"},"translate_title":"随着运营商数量达到30家，中国数字人民币网络新增8家银行","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PBOC":0.83,"03143":0.6,"FCA":1.5,"01398":0.74},"content_text":"The People’s Bank of China has added eight commercial banks to its digital yuan operating network, taking the number of e-CNY service operators to 30 as the central bank continues expanding access to its state-backed digital currency.\n\n\nSummary\n\n\n\nChina’s central bank has added eight banks to the digital yuan network, taking the number of operators to 30.\nThe new banks will begin offering e CNY services after completing business and technical preparations.\nThe expansion follows changes allowing verified digital yuan wallets to earn interest from January 2026.\nChina has also increased cross border e CNY trials, including a July payment between China and Singapore.\n\n\n\nAccording to an Aug. 17 statement from the People’s Bank of China, Ping An Bank, Hengfeng Bank, China Bohai Bank, Bank of Shanghai, Bank of Hangzhou, Huishang Bank, Bank of Changsha and Guangxi Beibu Gulf Bank have been approved as banking institutions permitted to operate digital yuan services.\nThe eight banks have also been connected to the central bank-side digital renminbi system, putting the technical link needed for them to provide e-CNY services in place. Customer-facing operations will begin after each institution completes its remaining business and technical preparations, the PBOC said.\nWith the additions, the number of authorized digital yuan operators has risen from 22 to 30. The central bank said it will continue bringing more institutions into the system under market-oriented and rule-based principles while seeking an open and fair competitive environment for digital renminbi services.\nDigital yuan operator network has expanded rapidly in 2026\nThe latest additions come just over four months after the PBOC approved another group of banks to provide digital yuan services.\nOn April 2, the central bank added 12 institutions, including China CITIC Bank, China Everbright Bank, Hua Xia Bank, China Minsheng Bank, China Guangfa Bank, Shanghai Pudong Development Bank, China Zheshang Bank, Bank of Ningbo, Bank of Jiangsu, Bank of Beijing, Bank of Nanjing and Bank of Suzhou.\nThat round increased the number of banking operators to 22, according to the PBOC announcement at the time. The newly approved institutions were similarly required to complete business and technical preparations before commencing digital yuan operations.\nAdding another eight banks in August has taken the network to 30 operators within the same year, extending participation to institutions including national joint-stock banks and several city and regional commercial banks.\nThe PBOC tied the latest expansion to China’s 15th Five-Year Plan for 2026–2030, which calls for the steady development of the digital renminbi. The central bank said the additional operators are intended to improve access to e-CNY services and respond to demand for payment options that are secure, convenient and efficient.\nChina has been developing the digital yuan through a two-tier structure in which the central bank controls the underlying currency and infrastructure while approved commercial institutions handle services for users. Earlier PBOC documentation described commercial banks as a key part of the distribution model, allowing the central bank to use existing financial infrastructure instead of serving every retail user directly.\nDigital yuan now operates more like a bank deposit\nThe expansion of the operator network follows a major change to how digital yuan balances are treated within China’s banking system.\nBeginning Jan. 1, 2026, banks were allowed to pay interest on verified digital yuan wallets after the PBOC changed the framework governing e-CNY balances.\nAs crypto.news previously reported, verified digital yuan balances became eligible for interest under the same self-regulatory arrangements used to determine rates on conventional deposits. The balances also received protection under China’s national deposit insurance system.\nBefore the change, the e-CNY had primarily operated as a digital form of cash. Under the revised structure, commercial banks can manage eligible digital yuan balances within their asset-liability operations, while non-bank payment firms must keep customer reserve funds in digital yuan at a 100% reserve ratio, according to the PBOC framework.\nOfficial figures cited when the changes were announced showed that the digital yuan had processed 3.48 billion transactions by November 2025. Chinese authorities have continued testing new uses for the currency after years of domestic pilot programs involving retail payments, public services and commercial transactions.\nThe addition of more commercial banks gives the PBOC another route to extend e-CNY services through institutions that already maintain customer relationships and payment infrastructure across different parts of China.\nCross-border digital yuan use has also advanced\nAlongside domestic banking changes, Chinese institutions have continued testing digital yuan infrastructure for cross-border payments.\nIn July, the Shanghai branch of the Industrial and Commercial Bank of China and ICBC Singapore completed the first China-Singapore payment through the upgraded Digital Currency Express comprehensive settlement platform, known as CBETS.\nThe transaction covered nearly 10 million yuan in import shipping costs for a subsidiary of a centrally owned enterprise. Funds were settled entirely in digital renminbi and reached the recipient in Singapore on the same day, according to Mobile Payment Network.\nCBETS was developed by the International Operation Center for the digital renminbi under the guidance of the PBOC’s Digital Currency Research Institute. The upgraded infrastructure combines earlier cross-border payment, blockchain service and digital asset systems while supporting ISO 20022 messaging standards used across international financial networks.\nICBC has also established digital yuan payment and collection links involving Singapore and Laos through the system, while its Inner Mongolia branch completed a 220 million yuan transfer to Hong Kong through the multilateral CBDC bridge, according to the same July report.\nGuangdong is seeking more digital yuan payment trials\nRegional authorities have also included e-CNY expansion in financial policy proposals for the 2026–2030 period.\nEarlier in August, Guangdong published a draft development plan proposing more cross-border e-CNY trials within the China (Guangdong) Pilot Free Trade Zone. The consultation document called for additional digital yuan use cases alongside cross-border financial products, offshore finance, green finance, asset management and fintech testing.\nThe Guangdong proposal also called for larger cross-border digital yuan payment programs and further development of the Cross-boundary Wealth Management Connect scheme. Public consultation on the draft is scheduled to remain open until Sept. 5.\nAccording to the same proposal, financial institutions in the free trade zone could also be encouraged to develop cross-border supply chain finance products and intellectual property pledge financing, while authorities intend to continue trials involving cross-border credit asset transfers and multi-currency integrated accounts.\nThe upgraded international digital yuan platform had signed direct participant agreements with an initial group of 26 financial institutions by June, including ICBC Asia, Bank of China Hong Kong, Standard Chartered China and ICBC branches operating in Singapore, Thailand, Laos, Macau and Qatar.\n\n\n\n\n\n                Read more:\n            \n\n                Stripe agrees to buy AI routing startup OpenRouter for over $7 billion","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.48.0","shortVersion":"4.48.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2660841485","isCrawlerRequest":true}