EconomyChinese banks explore local e-CNY wallets for foreign firms through upgraded platform
Beijing is extending its central bank-backed digital currency network to offshore institutions, including Hong Kong branches. Banks are also considering local e-CNY wallets for foreign firms to strengthen cross-border integration. A senior official at the People’s Bank of China’s digital currency research institute said 30 domestic banks currently operate e-CNY and work is under way to extend the capability offshore.
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South China Morning Post★★☆☆☆2026-11-05 02:00Original
Chinese banks explore local e-CNY wallets for foreign firms through upgraded platform
Economy