{"id":46267,"date":"2026-04-02T08:21:38","date_gmt":"2026-04-02T12:21:38","guid":{"rendered":"https:\/\/tvdelmarva.com\/wp\/china-adds-12-banks-to-digital-currency-program-bringing-total-to-22\/"},"modified":"2026-04-02T08:21:38","modified_gmt":"2026-04-02T12:21:38","slug":"china-adds-12-banks-to-digital-currency-program-bringing-total-to-22","status":"publish","type":"post","link":"https:\/\/tvdelmarva.com\/wp\/china-adds-12-banks-to-digital-currency-program-bringing-total-to-22\/","title":{"rendered":"China Adds 12 Banks to Digital Currency Program, Bringing Total to 22"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n

BEIJING, April 2 – The People’s Bank of China announced Thursday it has authorized 12 additional financial institutions to operate its digital yuan system, validating a previous Reuters report from last month.<\/p>

Among the newly approved banks are China CITIC Bank, China Everbright Bank, China Guangfa Bank, and Shanghai Pudong Development Bank, according to the central bank’s official statement.<\/p>

The expansion is designed to “enhance the inclusiveness of digital yuan services” and provide citizens with “safe, convenient and efficient” payment alternatives, officials stated.<\/p>

With Thursday’s announcement, the total count of authorized digital yuan operators has reached 22 institutions.<\/p>

China’s efforts to integrate the digital yuan into everyday commerce have progressed more gradually than anticipated since the program’s 2019 debut, largely because consumers already have access to secure and affordable payment methods through established platforms like Alibaba’s Alipay and Tencent Holdings’ WeChat Pay.<\/p>

This initiative unfolds as China maintains its strict stance against virtual currencies and prohibits stablecoins, creating a stark difference with the United States, where President Donald Trump has endorsed cryptocurrencies while rejecting a digital dollar.<\/p>

“The central bank will continue to expand the number of operating institutions in an orderly manner in accordance with market-oriented and rule-of-law principles,” the PBOC stated, emphasizing its goal to establish an “open, inclusive and fair competitive environment” for digital currency growth.<\/p>","protected":false},"excerpt":{"rendered":"

China’s central bank has authorized 12 additional financial institutions to operate its digital yuan currency system. The expansion aims to make the digital payment system more accessible to the public, though adoption has been slower than expected since its 2019 launch.<\/p>\n","protected":false},"author":4,"featured_media":46266,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[834],"tags":[],"class_list":["post-46267","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/04\/news-1775132498113.jpg?fit=450%2C311&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/pbtNqq-c2f","jetpack-related-posts":[{"id":28589,"url":"https:\/\/tvdelmarva.com\/wp\/china-takes-steps-to-weaken-its-strengthening-currency-against-dollar\/","url_meta":{"origin":46267,"position":0},"title":"China Takes Steps to Weaken Its Strengthening Currency Against Dollar","author":"Admin","date":"February 27, 2026","format":false,"excerpt":"China's central bank is implementing measures to slow down the yuan's rapid rise against the U.S. dollar after the currency posted its biggest annual gain since 2020. The People's Bank of China eliminated reserve requirements for foreign exchange contracts and may deploy additional tools to prevent excessive currency appreciation.","rel":"","context":"In "Business"","block_context":{"text":"Business","link":"https:\/\/tvdelmarva.com\/wp\/category\/business\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/02\/news-1772187516682.jpg?fit=450%2C300&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":31321,"url":"https:\/\/tvdelmarva.com\/wp\/major-singapore-bank-wins-key-license-to-lead-china-bond-deals\/","url_meta":{"origin":46267,"position":1},"title":"Major Singapore Bank Wins Key License to Lead China Bond Deals","author":"Admin","date":"March 3, 2026","format":false,"excerpt":"DBS Group, Singapore's largest bank, has obtained authorization to lead corporate bond underwriting in China's interbank market. The bank has emerged as a dominant player in China's panda bond sector, capturing nearly 40% market share in 2025.","rel":"","context":"In "Business"","block_context":{"text":"Business","link":"https:\/\/tvdelmarva.com\/wp\/category\/business\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/03\/news-1772593375459.jpg?fit=450%2C332&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":68144,"url":"https:\/\/tvdelmarva.com\/wp\/major-banks-boost-chinese-yuan-predictions-on-export-strength\/","url_meta":{"origin":46267,"position":2},"title":"Major Banks Boost Chinese Yuan Predictions on Export Strength","author":"Admin","date":"May 18, 2026","format":false,"excerpt":"Several major international banks have increased their forecasts for China's currency based on the country's strong export performance and improved trade relationships with the United States. The yuan has climbed nearly 3% against the dollar this year, prompting financial institutions to revise their predictions upward.","rel":"","context":"In "Business"","block_context":{"text":"Business","link":"https:\/\/tvdelmarva.com\/wp\/category\/business\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/05\/news-1779092595293.jpg?fit=450%2C315&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":34624,"url":"https:\/\/tvdelmarva.com\/wp\/chinese-businesses-rush-to-protect-against-currency-swings-as-yuan-volatility-soars\/","url_meta":{"origin":46267,"position":3},"title":"Chinese Businesses Rush to Protect Against Currency Swings as Yuan Volatility Soars","author":"Admin","date":"March 11, 2026","format":false,"excerpt":"Chinese companies are rapidly turning to financial protection tools as currency fluctuations threaten their profits. The trend has reached record levels with government backing, as businesses seek to shield themselves from a strengthening yuan that's hurting exporters.","rel":"","context":"In "Business"","block_context":{"text":"Business","link":"https:\/\/tvdelmarva.com\/wp\/category\/business\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/03\/news-1773271337353.jpg?fit=450%2C300&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":49404,"url":"https:\/\/tvdelmarva.com\/wp\/chinese-bank-lending-expected-to-jump-nearly-300-in-march\/","url_meta":{"origin":46267,"position":4},"title":"Chinese Bank Lending Expected to Jump Nearly 300% in March","author":"Admin","date":"April 9, 2026","format":false,"excerpt":"A new survey of economists predicts Chinese banks issued roughly $498 billion in new loans during March, representing a dramatic increase from February's totals. The surge reflects typical seasonal patterns as financial activity rebounds following Chinese New Year celebrations.","rel":"","context":"In "Business"","block_context":{"text":"Business","link":"https:\/\/tvdelmarva.com\/wp\/category\/business\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/04\/news-1775715812409.jpg?fit=450%2C310&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":35568,"url":"https:\/\/tvdelmarva.com\/wp\/chinas-banks-pivot-to-tech-lending-as-government-pushes-ai-development\/","url_meta":{"origin":46267,"position":5},"title":"China’s Banks Pivot to Tech Lending as Government Pushes AI Development","author":"Admin","date":"March 12, 2026","format":false,"excerpt":"Chinese financial institutions are dramatically increasing loans to technology companies following Beijing's commitment to aggressively expand artificial intelligence across the economy. Banks are developing specialized lending programs for tech startups while reducing real estate financing, though analysts warn of potential risks.","rel":"","context":"In "Business"","block_context":{"text":"Business","link":"https:\/\/tvdelmarva.com\/wp\/category\/business\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/03\/news-1773357704936.jpg?fit=450%2C294&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/tvdelmarva.com\/wp\/wp-json\/wp\/v2\/posts\/46267","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tvdelmarva.com\/wp\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tvdelmarva.com\/wp\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tvdelmarva.com\/wp\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/tvdelmarva.com\/wp\/wp-json\/wp\/v2\/comments?post=46267"}],"version-history":[{"count":0,"href":"https:\/\/tvdelmarva.com\/wp\/wp-json\/wp\/v2\/posts\/46267\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tvdelmarva.com\/wp\/wp-json\/wp\/v2\/media\/46266"}],"wp:attachment":[{"href":"https:\/\/tvdelmarva.com\/wp\/wp-json\/wp\/v2\/media?parent=46267"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tvdelmarva.com\/wp\/wp-json\/wp\/v2\/categories?post=46267"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tvdelmarva.com\/wp\/wp-json\/wp\/v2\/tags?post=46267"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}