TechFlow News: On March 20, according to Caixin, following the initial 10 banks—including the six major state-owned banks—12 commercial banks are expected to connect to the central bank’s digital RMB system. These include seven nationwide joint-stock commercial banks—SPD Bank, GF Bank, Huaxia Bank, CMBC, CITIC Bank, CEGB, and CZB—as well as five regional city commercial banks—Bank of Jiangsu, Bank of Beijing, Ningbo Bank, Nanjing Bank, and Suzhou Bank. To date, there are 10 digital RMB operating institutions, namely ICBC, ABC, BOC, CCB, Bank of Communications, PSBC, CMB, CIB, WeBank, and MYBank.
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