Standard Chartered ADR (OTC:SCBFY) Bank (China) announced it initiated the offering of digital yuan exchange services to customers.
What Happened: The multinational bank's China division is working with City Bank Clearing Services to give customers access to the digital yuan's interconnection platform, offering recharge and redemption.
The digital yuan is China's central bank digital currency (CBDC) and StanChart will be the first foreign bank to join the CBDC business pilot which is currently ongoing in 26 cities and provinces.
As of June 2023, China's digital yuan, also known as e-CNY, is the most advanced CBDC with $253.6 billion in transaction volume since its inception in 2020. The number of wallets surged to 120 million.
Why It Matters: China's CBDC is gaining traction with many banks promoting the use of China's digital yuan. French bank BNP Paribas in May 2023 promoted the use of e-CNY through the linking its corporate clients' wallets to bank accounts.
"As an international bank rooted in the Chinese market for 165 years, Standard Chartered is optimistic about the development prospects of digital Renminbi," Standard Chartered China President Xiaolei Zhang commented.
(Renminbi as a term is often used interchangeably with yuan for China's currency.)
The RMB Business Pilot highlights the development of digital yuan which will gradually improve the payment and consumption experience and strengthen interconnection with the international financial market. The application scenarios of digital yuan, include cross-border merchant payments, trade financing and supply chain financing.
渣打銀行ADR（場外交易代碼：SCBFY）銀行（中國）宣佈已開始向客戶提供數字人民幣兌換服務。
發生了什麼：這家跨國銀行的中國分部正在與城市銀行清算服務公司合作，讓客戶能夠訪問數字人民幣的互聯平台，提供充值和兌換。
數字人民幣是中國的中央銀行數字貨幣（CBDC），StanChart將成爲第一家加入CBDC業務試點的外國銀行，該試點目前正在26個城市和省份進行。
截至2023年6月，中國的數字人民幣（也稱爲電子人民幣）是最先進的CBDC，自2020年問世以來，交易量爲2536億美元。錢包數量激增至1.2億。
爲何重要：中國的CBDC越來越受歡迎，許多銀行都在推廣使用中國的數字人民幣。法國銀行法國巴黎銀行在2023年5月通過將其企業客戶的錢包與銀行賬戶關聯來推廣使用電子人民幣。
渣打銀行中國行長張曉雷評論說：“作爲一家扎根中國市場165年的國際銀行，渣打銀行對數字人民幣的發展前景持樂觀態度。”
（人民幣這個術語通常與人民幣互換使用，表示中國的貨幣。）
人民幣業務試點重點介紹了數字人民幣的發展，這將逐步改善支付和消費體驗，加強與國際金融市場的互聯。數字人民幣的應用場景包括跨境商戶支付、貿易融資和供應鏈融資。
