Shenzhen Institute of Financial Technology, a subsidiary of the People’s Bank of China’s Digital Currency Institute, released 132 job listings, hinting at the expansion of digital yuan pilot programs in 2022.

Fast facts

  • Last September, Guangzhou, Tianjin, Yiwu, and Fuzhou announced their bids to be included in the next batch of digital yuan pilot cities.
  • The digital yuan, or e-CNY, which is touted as the most advanced central bank digital currency (CBDC) launched by a major world economy, has been tested in 10 pilot cities and Beijing Winter Olympics venues. 
  • The digital yuan’s historical transaction volume reached 87.565 billion yuan (US$11.238 billion) by the end of last year.