Caixin: The number of digital yuan operators is expanding, with 12 commercial banks potentially joining the fray.

Following the six major state-owned banks and 10 other banks, 12 more commercial banks are expected to connect to the central bank's digital yuan system. It is understood that seven national joint-stock banks—Shanghai Pudong Development Bank, Guangdong Development Bank, Huaxia Bank, China Minsheng Bank, CITIC Bank, China Everbright Bank, and Zhejiang Commercial Bank—and five local city commercial banks—Jiangsu Bank, Bank of Beijing, Bank of Ningbo, Bank of Nanjing, and Bank of Suzhou—are likely to join. Currently, there are 10 banks operating the digital yuan system, including Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, China Construction Bank, Bank of Communications, Postal Savings Bank of China, China Merchants Bank, Industrial Bank, WeBank, and MYbank. (Caixin)