Agricultural Development Bank of China Shanghai Branch: Starting from February 25th, digital RMB related services will be available for corporate clients.

According to the latest news from the Shanghai Branch of the Agricultural Development Bank of China, in order to actively respond to national decision-making arrangements, support the development of digital RMB, and enhance customer service capabilities, the bank has started offering digital RMB-related services to corporate clients starting from February 25th. Regarding the business positioning, the Shanghai Branch of the Agricultural Development Bank stated that the digital RMB business carried out by the bank follows the "dual-layer architecture" operating model of the People's Bank of China, providing customers with digital RMB circulation services. The business operations strictly adhere to the People's Bank of China's regulations on RMB unit bank settlement accounts, anti-money laundering, and anti-terrorism financing, ensuring fund safety and compliance operations.