In alignment with the strategic decision to 'steadily advance the development of digital renminbi' as stipulated in the Outline of the 15th Five-Year Plan, and with the aim of bolstering the accessibility of digital renminbi services to cater to the public's quest for secure, convenient, and efficient financial solutions, the People's Bank of China has officially incorporated China CITIC Bank, China Everbright Bank, Huaxia Bank, China Minsheng Bank, China Guangfa Bank, Shanghai Pudong Development Bank, China Zheshang Bank, Ningbo Bank, Bank of Jiangsu, Bank of Beijing, Bank of Nanjing, and Bank of Suzhou into its operational framework for digital renminbi business. These institutions have been seamlessly integrated into the central bank's digital renminbi system. The newly inducted entities are set to embark on their respective operations upon the completion of necessary business and technical preparations.
