China Expands Digital Yuan Network With Eight New Banks

TLDR

• China adds eight banks to its digital yuan network, raising operators to 30.

• New banks will offer e-CNY services after completing technical preparations.

• PBOC aims to expand digital yuan access for businesses and regional markets.

• China continues widening e-CNY use across retail and cross-border payments.

• Digital yuan expansion builds on 12 additional banks approved in April 2026.

China has expanded its digital yuan network by adding eight banks as authorized operators of the state-backed currency. The latest expansion raises the number of approved e-CNY operating institutions across the country to 30. The move also broadens access to digital yuan services for households, businesses, and cross-border users.

China Adds Eight Banks to Digital Yuan Network

The People’s Bank of China added eight commercial banks to its authorized digital yuan operating network. The group includes Ping An Bank, Hengfeng Bank, China Bohai Bank, and Bank of Shanghai. Bank of Hangzhou, Huishang Bank, Bank of Changsha, and Guangxi Beibu Gulf Bank also joined.

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