Standard Chartered China and Hang Seng China become the first foreign banks to launch digital RMB business-It Industry-php.cn

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Standard Chartered China and Hang Seng China become the first foreign banks to launch digital RMB business

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Nov 27, 2023 pm 09:30 PM

Digital RMB

According to news from this site on November 27, Standard Chartered Bank (China) Co., Ltd. announced today that it will access the digital renminbi interconnection platform through Citybank Clearing Services Co., Ltd. and begin to provide customers with digital renminbi exchange, including recharge and redemption. and other related businesses. Standard Chartered China has also become one of the first foreign banks to participate in the digital renminbi business pilot.

In addition, Hang Seng Bank (China) Co., Ltd. also announced that it has accessed the digital renminbi interconnection platform through Citybank Clearing Services Co., Ltd. and officially launched the "digital renminbi" business. At this point, Hang Seng China has also become one of the first foreign banks to launch “digital RMB” business.

According to our understanding, as of now, the digital RMB pilot has been carried out for more than 3 years and has made progress in 26 pilot areas in 17 provinces and cities. In the fields of wholesale and retail, catering, culture and tourism, education, medical care, and public services, many application models covering online and offline lines that can be copied and promoted have been formed

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