The central bank has added 12 new digital yuan service operating institutions.

Yuan Bo

BEIJING, April 3 (Reporter Xu Peiyu) The reporter learned from the People’s Bank of China that, in order to further enhance the inclusive nature of Digital RMB services and continuously respond to the public’s demand for safe, convenient, and efficient Digital RMB services, the People’s Bank of China has added China CITIC Bank, China Everbright Bank, Huaxia Bank, China Minsheng Bank, Guangfa Bank, Pudong Development Bank, Zheshang Bank, Ningbo Bank, Jiangsu Bank, Beijing Bank, Nanjing Bank, and Suzhou Bank as bank-type Digital RMB business operating institutions, and connected them to the Digital RMB system on the central bank side. After the newly added institutions complete their business and technical preparations, they will carry out Digital RMB business.

The People’s Bank of China said that the next step will be to orderly promote the expansion of operating institutions in accordance with market-oriented and rule-of-law principles, and to build an open and inclusive development environment for Digital RMB with fair competition.

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