
The People's Bank of China's digital currency research institute is working to extend e-CNY operations to offshore banks, with hopes that Hong Kong branches of incumbent operators can open e-CNY accounts for enterprise and individual clients in the near future.
AI-generated summary
China currently has 30 domestic banks operating as e-CNY operators, and the digital currency research institute is working to extend this capability to offshore banks.
We currently have 30 domestic banks as e-CNY operators. Right now we're working to extend this capability to offshore banks,
Lu Yuan, deputy head of the People's Bank of China's digital currency research institute, said on a panel at Hong Kong's Fintech Week.
We hope in the very near future that the branches of the incumbent operators in Hong Kong could also open e-CNY accounts for their enterprises and individual clients.

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