PBOC Studies Extending Digital Yuan to Offshore Banks
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On 5 November 2026, Lü Yuan, deputy director of the PBOC Digital Currency Research Institute, said during Hong Kong FinTech Week that 30 mainland banks currently act as digital yuan operating institutions, and that the institute is studying extending the relevant capabilities to offshore banks while exploring the provision of local digital yuan wallets for foreign-funded enterprises. The report noted that this was the first time the PBOC Digital Currency Research Institute had publicly mentioned the direction of expanding digital yuan wallet services to offshore banks and foreign-funded enterprises, with specific arrangements and a timetable yet to be announced. The matter remains at the research stage, with no further implementation details.
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- 南華早報·商業PBOC Digital Currency Research Institute Says It Is Studying Extending Digital Yuan Wallets to Offshore Banks and Foreign Enterprises
Lu Yuan, deputy director of the PBOC Digital Currency Research Institute, said during Hong Kong Fintech Week that 30 mainland banks currently act as digital yuan operating institutions, and that it is studying extending the relevant capabilities to offshore banks and exploring the provision of local digital yuan wallets for foreign enterprises.
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