Chinese state-run banks reportedly are looking to expand digital yuan usage to sales of investment funds and insurance
A Beijing coffee shop displays a sign for China's digital yuan, or E-CNY. VCG/VCG via Getty Images Two Chinese state-run banks are looking to expand usage of China's experimental digital yuan. China Construction Bank is working on allowing e-yuan holders to make online fund investments. Trials of China's CBDC logged $5.3 billion of transactions as of June. See more stories on Insider's business page . To expand usage of China's experimental digital currency, two state-run banks are looking into allowing customers to use the asset to buy investment funds and insurance products, according to a South China Morning Post report . The move, if successful, could stretch the usage of the e-yuan outside of low value, daily retail payments outlined by the People's Bank of China when it started working on the digital currency project in 2014, the report published on Tuesday said. China Construction Bank , among the Big Four group of Chinese lenders, told the ne...