**Shanghai Pudong Development Bank Launches Technical Recruitment in Chengdu to Support Digital Yuan Infrastructure**

On October 24, 2025, Shanghai Pudong Development Bank (SPDB) initiated a targeted recruitment drive in Chengdu, focusing on technical roles that support the development and integration of digital yuan infrastructure. This move aligns closely with China’s national strategy to strengthen its central bank digital currency (CBDC) capabilities, marking a significant step in the evolution of the country’s financial system.

### SPDB’s Strategic Move: Boosting the Digital Yuan Infrastructure

SPDB is actively recruiting professionals with expertise in digital yuan systems, including roles in testing, development, and architecture design. By situating these positions in Chengdu, SPDB aims to contribute to the broader national digital currency initiatives.

This recruitment drive underscores China’s continued commitment to expanding and refining the digital yuan’s infrastructure. Candidates are expected to have relevant experience in financial system development to support the People’s Bank of China (PBOC) in implementing and enhancing digital currency solutions.

SPDB’s engagement in digital currency projects reflects China’s broader push to digitize its currency and modernize its payment systems.

### Official Perspective on Digital Yuan Development

Pan Gongsheng, Governor of the People’s Bank of China, highlighted the central bank’s priorities, stating:

> “China’s central bank will further refine the management system of the digital yuan and explore its role within the country’s broader monetary framework. The central bank will support more commercial banks to become authorized operators of digital yuan services.”

This supportive stance from the PBOC emphasizes long-term strategic planning aimed at expanding authorized digital yuan services across multiple financial institutions.

### Market Reaction and Implications

Since the digital yuan operates within a centralized framework, its development has shown limited immediate impact on decentralized blockchain systems like Ethereum or Bitcoin. Nevertheless, Pan Gongsheng’s statement confirms the PBOC’s intention to strengthen digital yuan operations through authorized commercial banks.

### China’s Digital Yuan Initiatives and Market Dynamics

In 2025, China has advanced its digital yuan efforts by establishing an international operation center in Shanghai. This initiative represents a key milestone in the broader push to digitize the renminbi (RMB) through domestic banking infrastructures.

Meanwhile, cryptocurrency markets show mixed dynamics. For instance, Ethereum (ETH) recently experienced a 2.00% decline over the past 24 hours, trading at $3,801.60 according to CoinMarketCap. Despite this short-term dip, ETH has recorded a 3.33% increase over the past 90 days and currently holds a market capitalization of approximately $458.85 billion, representing 12.54% market dominance.

According to research from Coincu’s team, SPDB’s recruitment aligns with consistent trends in China’s monetary policy. The PBOC’s focus on upgrading digital currency infrastructure highlights ongoing regulatory objectives to integrate central bank digital currencies while maintaining separation from public blockchain systems.

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Shanghai Pudong Development Bank’s recent recruitment drive signals China’s continued dedication to building a robust digital yuan ecosystem. This development not only supports national digital currency goals but also indicates the evolving landscape of China’s financial technology and regulatory environment.
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