Daily Management Review

People's Bank of China expands the list of authorized institutions for digital yuan operations


08/18/2026


The People's Bank of China (PBOC) has included eight additional banks in the list of approved entities for digital yuan transactions, increasing the total to 30.



faungg's photos
faungg's photos
The updated list features Ping An Bank, Hengfeng Bank, China Bohai Bank, Bank of Shanghai, Bank of Hangzhou, Huishang Bank, Bank of Changsha, and Guangxi Beibu Gulf Bank.

This initiative seeks to enhance the accessibility of digital yuan services and address public needs for safe, convenient, and efficient digital yuan offerings, as stated by the PBOC.

The new operators will link up with the PBOC's digital yuan system and start offering services once they finish their operational and technical preparations, as reported by Xinhua News Agency.

The PBOC announced that it will keep increasing the number of operators to establish an open, inclusive, and equitable competitive landscape for the advancement of the digital yuan.

source: reuters.com