Beijing, Shanghai To Join Wider Testing Of Digi... Info

: The group includes Shanghai Pudong Development Bank , China CITIC Bank, China Everbright Bank, China Guangfa Bank, and Bank of Ningbo.

Beijing and Shanghai serve as the primary strategic hubs for the digital yuan's next phase: Beijing, Shanghai to Join Wider Testing of Digi...

: Houses the e-CNY Operations and Management Center, which oversees domestic systems, infrastructure maintenance, and regulatory governance. : The group includes Shanghai Pudong Development Bank

: Home to the International Operations Center (launched September 2025), which focuses on cross-border use cases and international cooperation. Major 2026 Policy Shifts Major 2026 Policy Shifts In April 2026, China

In April 2026, China significantly expanded its digital yuan (e-CNY) program by authorizing to act as operators, bringing the total number of authorized banks to 22. This expansion is part of a broader "Action Plan" launched on January 1, 2026, to transition the digital currency from a cash substitute to a more mature "digital deposit money". Key Expansion Details (April 2026)

: By including national joint-stock and regional city commercial banks, the PBOC aims to leverage their large customer bases and local government resources to drive adoption. "Two-Winged" Architecture in Beijing and Shanghai