HSBC China Becomes First Foreign Bank to Launch Digital Yuan Services for Corporate Clients

Jun 11, 2024, 08:56 AM

HSBC China has launched digital yuan (e-CNY) services for corporate clients, making it the first foreign bank in China to offer such services. HSBC Bank's China entity is the first bank to provide these central bank digital currency (CBDC) services within the corporate sector in China. This move marks a significant step in the adoption of the digital yuan.