Economy· August 17, 2026 at 12:00 p.m.
China Adds Eight Banks to Digital Yuan Trial Network
Key takeaways
- China adds eight banks to digital yuan trial network
- Central bank digital currency (CBDC) adoption is being accelerated
China has expanded its digital yuan trial network by adding eight more banks, according to the South China Morning Post. The move is aimed at accelerating adoption of the central bank digital currency (CBDC).
The new banks joining the trial include Agricultural Bank of China, Bank of Communications, Industrial and Commercial Bank of China, China Construction Bank, China Merchants Bank, Postal Savings Bank of China, Shanghai Pudong Development Bank, and Zhejiang Rural Commercial Bank.
