Chinese banks explore local e-CNY wallets for foreign firms via upgraded platform
Culture Index
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Relevance
9/25
Freshness
25/25
Authority
18/20
Brand Signal
17/15
Depth
4/15
5-Axis Cultural Radar
Beijing is expanding its central bank-backed digital currency network to offshore institutions, including Hong Kong branches, while banks are also exploring local e-CNY wallets for foreign firms to deepen cross-border integration. “We currently have 30 domestic banks as e-CNY operators. Right now we’re working to extend this capability to offshore banks,” Lu Yuan, deputy head of the People’s Bank
