--- title: "Digital Renminbi Accelerates Towards Normalization and Popularization" type: "News" locale: "en" url: "https://longbridge.com/en/news/282597509.md" description: "The People's Bank of China announced the addition of 12 new digital renminbi operating institutions, bringing the total number of digital renminbi operating institutions to 22. This expansion is a measure to implement the \"14th Five-Year Plan,\" aimed at enhancing the inclusiveness of digital renminbi services and meeting the public's demand for safety and convenience. This expansion will include more joint-stock banks and city commercial banks, addressing the issue of a limited number of participants and promoting the normalization and popularization of digital renminbi from pilot programs. The newly added banks will enrich the ecosystem and service capabilities of digital renminbi" datetime: "2026-04-13T22:45:11.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/282597509.md) - [en](https://longbridge.com/en/news/282597509.md) - [zh-HK](https://longbridge.com/zh-HK/news/282597509.md) --- # Digital Renminbi Accelerates Towards Normalization and Popularization Recently, the People's Bank of China announced the addition of 12 new digital renminbi business operation institutions, bringing the total number of digital renminbi business operation institutions to 22. The expansion of digital renminbi operation institutions is a concrete measure to implement the "14th Five-Year Plan" outline regarding the "steady development of digital renminbi," which will further enhance the inclusiveness of digital renminbi services and better meet the public's demand for safe, convenient, and efficient digital renminbi services. The market had already anticipated this expansion. Previously, Pan Gongsheng, the governor of the People's Bank of China, stated at the Financial Street Forum annual meeting that the next step would be to study and optimize the positioning of digital renminbi at the monetary level and support more commercial banks to become digital renminbi business operation institutions. This expansion of digital renminbi operation institutions will include more joint-stock banks and city commercial banks, helping to address the previous issues of limited participation and insufficient promotion. The digital renminbi adopts a "central bank - operation institution" dual-layer operational structure. In this system, the People's Bank of China is responsible for the top-level design of digital renminbi, including the formulation of business rules and technical standards, and undertakes the planning, construction, and operation of related infrastructure. Commercial banks, as operation institutions, form the second layer, with core functions including scenario construction, wallet opening, exchange services, circulation services, and legal obligations such as anti-money laundering and anti-terrorist financing. After more than 10 years of trial promotion, the limited number of operation institutions can no longer meet the new demands for issuance, circulation, and use from the real economy and financial system, making this expansion particularly necessary. For the overall development of digital renminbi, this expansion can significantly broaden service coverage, accelerate the transition of digital renminbi from pilot projects to normalized popularization, and lay a good foundation for subsequent ecological improvement and large-scale application. This expansion has added several joint-stock commercial banks and leading city commercial banks, which possess a large customer base, local government cooperation resources, and differentiated service capabilities. Their inclusion will help improve the dual-layer operational structure of digital renminbi, forming a richer ecosystem and service capability. Moreover, in response to the trend of digital and intelligent development in the economy and society, the digital renminbi, as China's legal currency, urgently needs to enhance its management quality and service capabilities. This year, the digital renminbi has undergone significant adjustments, with the introduction of a new generation of digital renminbi measurement framework, management system, operational mechanism, and ecosystem, marking the entry of digital renminbi into the 2.0 era. This will help activate the intrinsic motivation of commercial banks to participate in the construction of the digital renminbi ecosystem and reverse the previous awkward situation of "only investment without returns" for commercial banks. With policy optimization, technological evolution, and the addition of this expansion of operation institutions, along with the comprehensive upgrades of digital renminbi in terms of monetary attributes, application scenarios, and cross-border payments in the 2.0 era, the development space for digital renminbi has been fully opened, and the future application prospects are broad ### Related Stocks - [83161.HK](https://longbridge.com/en/quote/83161.HK.md) - [CNYA.UK](https://longbridge.com/en/quote/CNYA.UK.md) - [83122.HK](https://longbridge.com/en/quote/83122.HK.md) - [03122.HK](https://longbridge.com/en/quote/03122.HK.md) - [ZCNH.AU](https://longbridge.com/en/quote/ZCNH.AU.md) - [03420.HK](https://longbridge.com/en/quote/03420.HK.md) - [03192.HK](https://longbridge.com/en/quote/03192.HK.md) - [03161.HK](https://longbridge.com/en/quote/03161.HK.md) - [83192.HK](https://longbridge.com/en/quote/83192.HK.md) ## Related News & Research - [SWIFT: CHINA'S RENMINBI SHARE AS A GLOBAL PAYMENT CURRENCY WAS 2.85% IN APRIL, DOWN FROM 3.10% IN MARCH $USDCNH $USDCNY $CNH $CNY (](https://longbridge.com/en/news/287138643.md) - [PBOC is expected to set the USD/CNY reference rate at 6.8888 – Reuters estimate](https://longbridge.com/en/news/278960384.md) - [PBOC is expected to set the USD/CNY reference rate at 6.8233 – Reuters estimate](https://longbridge.com/en/news/283573963.md) - [PBOC sets USD/ CNY reference rate for today at 6.8875 (vs. estimate at 6.8955)](https://longbridge.com/en/news/279699149.md) - [RUSAL Sets 10% Coupon on New Yuan-Denominated Bond Issue](https://longbridge.com/en/news/281563033.md)