Guangdong Expands Digital RMB Cross-Border Payment Pilot Scenarios

Guangdong solicits input on FTZ plan to broaden digital RMB cross-border payment pilots, aiming to deepen financial openness and support international institution headquarters.

Woofun AI reports that Guangdong Province is soliciting public feedback on the draft "14th Five-Year Plan for the Development of the China (Guangdong) Pilot Free Trade Zone." The document outlines strategies to systematically enhance financial openness, specifically by scaling up pilot initiatives for cross-border payments utilizing digital RMB. The plan further proposes facilitating the establishment of headquarters for international financial institutions within the zone. It also emphasizes the advancement of innovative sectors, including cross-border finance and green finance, while deepening trials related to the transfer of cross-border credit assets.