From November, These Chinese Universities Will Pay Salaries in Digital Yuan
Economy · First reported 26 Oct, 16:46 · Updated 19:04
Three universities in Jiangsu province issued notices requiring employees to receive salaries through digital yuan wallets beginning in November or to provide wallet details. The report says the measures follow a provincial finance department directive under China’s digital yuan pilot program.
- Yangzhou University announced on October 20 that all in-post staff, including agency-contract employees, would receive salaries in digital yuan wallets starting in November.
- Nantong University required employees to open separate wallets for salary and performance pay by October 30; Jiangsu Normal University was collecting wallet details.
- The universities said they were following a directive from Jiangsu’s provincial finance department under the national digital yuan pilot program.
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