Macro· ★★· neutral·

Jiangsu universities to pay salaries in digital yuan from November 2026

  • —Salaries at two Jiangsu universities will move to e-CNY wallets from November 2026
  • —Nantong University set an October 30 deadline for opening wallets
  • —Yangzhou University set October 23, with a four-bank payroll test on October 24
  • —Pay and bonuses will be split across two cards, each requiring a wallet
Why it matters: The move extends the digital yuan into public-sector payroll in a major province, deepening state oversight of payments and reducing reliance on private bank rails.
Source: PANews
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