China has expanded its digital yuan programme by adding 12 new banking operators, increasing the number of authorised institutions handling its central bank digital currency to 22.

China’s central bank, the People’s Bank of China (PBOC), has expanded its digital yuan program by adding 12 new banks as authorized operators.

JPMorgan Chase & Co. said it has closed its long position on the offshore Chinese yuan after Beijing moved to cool the currency’s sharp rally.

China’s digital yuan (e-CNY) will become the world’s first interest-bearing central bank digital currency starting January 1, 2026.

China is expected to maintain its benchmark lending rates for the third consecutive month in August, according to a Reuters survey, News.Az reports.

China's central bank surprised no one today by keeping a key interest rate unchanged. This decision comes as the bank balances supporting the slowing economy with managing other factors, News.Az reports citing Reuters.