Financials Jul 29, 2021 06:10 AM (GMT+8) · EqualOcean
With the expansion of operating institutions and the vigorous promotion of commercial banks and local governments, the digital RMB pilot has shown a situation of accelerated upgrading and full flowering. Recently, the central bank officially announced that China Merchants Bank was included in the digital RMB operation organization, and many commercial banks such as Bank of Shanghai actively participated in the promotion of digital RMB wallet. At the same time, the second batch of pilot cities such as Hainan, Changsha and Xi'an have also recently published the "report card" of the digital RMB pilot. Insiders said that the digital RMB is expanding in the pilot area, pilot scale and pilot scenarios. In the future, the promotion and popularization should further improve the public participation and use frequency. At the same time, improve the whole process safety management system of the digital RMB operation system.
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