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Standard Chartered China and Hang Seng China Become the First Foreign Banks to Launch Digital RMB

Standard Chartered Bank (China) Co., Ltd. and Hang Seng Bank (China) Co., Ltd. today announced that they have officially launched their digital RMB business, becoming the first foreign banks to do so.


Standard Chartered China has accessed the digital RMB interconnection platform through Citybank Clearing Services Co., Ltd. and is now able to provide customers with digital RMB exchange services, including recharge and redemption.


Hang Seng China has also accessed the digital RMB interconnection platform through City Bank Clearing Services Co., Ltd. and is now able to offer a full suite of digital RMB services to its customers.


The launch of the digital RMB business by Standard Chartered China and Hang Seng China is a significant milestone in the development of the digital RMB ecosystem. It will allow foreign banks to play a more active role in the Chinese economy and provide their customers with a more convenient and efficient way to make payments.

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