Economy· August 17, 2026 at 11:19 a.m.
China Expands Digital Yuan Network to Include Eight More Banks
Key takeaways
- China has added eight banks to its digital yuan network
- The total number of operators is now 30
- The digital yuan was first piloted in October 2020
China has added eight banks to its digital yuan network, bringing the total number of operators to 30. The move is part of China's ongoing efforts to develop and promote its central bank digital currency (CBDC).
The new additions include Agricultural Bank of China, Bank of Communications, China Construction Bank, Industrial and Commercial Bank of China, Postal Savings Bank of China, Shanghai Pudong Development Bank, and two rural credit cooperatives.
These banks join an existing group of 22 financial institutions that have been operating the digital yuan since its pilot launch in October 2020.