The bank’s China branch said it is the first foreign bank in China to offer digital yuan services to both retail and corporate customers.
HSBC Bank’s China entity has started to offer e-CNY services for corporate clients, making it the first foreign bank in the country to provide services linked to the central bank digital currency for both retail and corporate customers, the bank said.
HSBC Bank Co. Ltd. said in a statement on Friday that its corporate clients can now link their corporate bank accounts with digital yuan accounts to manage their assets.
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