FINANCE

China Expands Digital Yuan’s Global Reach

Published: Jun. 17, 2026 6:07 p.m. GMT+8

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An action plan to develop Shanghai’s offshore finance is released at the Lujiazui Forum on June 17. Photo: VCG

China is advancing the global use of its central bank digital currency, onboarding 26 financial institutions to an upgraded platform for cross-border e-CNY settlements.

The central bank’s e-CNY international operation center signed agreements in Shanghai on Tuesday with direct participants including Standard Chartered Bank (China) Ltd. and overseas branches of major Chinese lenders.

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China onboarded 26 financial institutions to upgraded cross-border e-CNY settlement platform.
Agreements signed with Standard Chartered Bank (China) and overseas Chinese bank branches extend digital yuan to Southeast Asia, Middle East, South America.
New CBETS platform offers Hong Kong-based 24/7 digital payments for retail, wholesale, and investment.

AI generated, for reference only

Standard Chartered Bank (China) Ltd.: Standard Chartered Bank (China) Ltd. is a direct participant in China's upgraded cross-border e-CNY settlement platform, CBETS. It signed agreements with the central bank’s e-CNY international operation center to extend digital yuan payment services to Southeast Asia, the Middle East, and South America.

AI generated, for reference only