Status
PILOT
China
China e-CNY (Digital Yuan)
According to People's Bank of China disclosures and linked sources, this profile records status, architecture, and capability fields for China e-CNY (Digital Yuan).
Program Snapshot
Current status fields and timeline data from the profile record.
Type
WHOLESALE
Program classification
Wallets
230,000,000
As of 2025-11-30
Annual Volume
$2.3T
high confidence
Status and Timeline
| Field | Value |
|---|---|
| Announced | 2019-08-01 |
| Pilot start | 2020-04-20 |
| Launch | Not listed |
| Last verified | 2026-04-22 |
Availability
- Retail
- pilot
- Wholesale
- pilot
Central Bank
People's Bank of China
Technical Profile
| Attribute | Value |
|---|---|
| Type | Wholesale |
| Architecture | two-tier |
| Access model | account based |
| Technology base | dlt |
| Legal tender | pilot only |
Capabilities
offline payments: Yes
programmability: Yes
cross border: Yes
interest bearing: No
transaction limits: Yes
Cross-Border Projects
mBridge
Role: leader
Recent Updates
According to the People's Bank of China (PBOC), as of end-November 2025, the e-CNY pilot has processed 3.48 billion cumulative transactions with total volume of 16.7 trillion yuan (approximately US$2.3-2.4 trillion). The pilot supports 230 million personal wallets and 18.84 million corporate wallets via the e-CNY App, covering 26 localities across 17 provincial-level regions. On Project mBridge, e-CNY accounts for 95.3% of the platform's $55.49 billion cumulative transaction volume as of November 2025, with 4,047 cross-border transactions. On December 29, 2025, PBOC announced a new framework effective January 1, 2026, transitioning e-CNY from a digital cash model to a digital deposit money model as an account-based payment instrument. Retail cross-border testing includes Hong Kong, Macau, Laos, Thailand, Cambodia, and Singapore for tourism payments.
Updated: Apr 22, 2026
Reference Answers
Does China publish official e-CNY metrics?
high confidenceAs of 2026-04-21Yes. Official Chinese government materials report large-scale e-CNY metrics, and the registry page already integrates them rather than treating them as undisclosed.
The strongest current public figure in the source set is the official Chinese government summary published at the end of December 2025, which reported cumulative e-CNY transaction activity as of the end of November 2025. That is why the China page can answer metrics questions directly instead of using the 'no integrated public metrics' fallback used on weaker-disclosure pilot pages.
- Official materials reported 3.48 billion cumulative transactions worth 16.7 trillion yuan as of end-November 2025.
- The same official update described the management framework taking effect from 1 January 2026.
- The registry treats the China page as a metrics-backed pilot rather than a pilot with undisclosed public numbers.
Citations
- China to enhance digital yuan management with deposit features starting 2026government · T12025-12-29
Caveats
- The published figures are cumulative and dated to end-November 2025, not a real-time dashboard.
Related CBDCs
Sources
Sources
Last verified: 2026-04-22
People's Bank of China
central bank
Pan Gongsheng: Remarks at 2025 China (Beijing) Digital Finance Forum
central bank
What to watch as China prepares its digital yuan for prime time - Atlantic Council
news
e-CNY Pilot Statistics - State Council of China
central bank
New e-CNY Framework to Take Effect January 1, 2026 - China Daily
news