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Does ABC have to open digital RMB?
It's not necessary. Digital RMB is the official service platform for individual users in digital currency, China, which provides digital RMB personal wallet opening and management, digital RMB exchange and circulation services. As of March 3, 20231,there is no relevant regulation in China, requiring major bank customers to open digital RMB. Therefore, when handling business, Agricultural Bank of China can open it if there is a demand for using digital RMB, otherwise it does not need to open digital RMB. Agricultural Bank of China is an important part of China's financial system. It provides various products and services for corporate banks and retail banks, and also carries out financial market business and asset management business. Its business scope also covers investment banking, fund management, financial leasing, life insurance and other fields.