Guangzhou releases digital renminbi work action plan and strives to lead the country

PANews reported on January 6 that the Office of the Financial Committee of the Guangzhou Municipal Party Committee released the "Action Plan for Further Promoting Guangzhou's Digital RMB Work", proposing to deepen the results of digital RMB pilots, comprehensively expand application fields, optimize the payment ecological environment, and help Guangzhou's high-quality economic development.

The plan is clear. By June 2025, the application expansion of digital renminbi in people's livelihood, sports, consumption and other fields will be realized; by the end of 2025, key innovation scenarios such as cross-border payment and port and shipping trade will be broken through; by the end of 2026, full coverage of specific areas will be basically achieved, forming a complete Digital RMB ecosystem.

The action plan includes:

1. Promotion in the field of people 's livelihood : Optimize application convenience in public transportation, medical care, cultural tourism and other scenarios.

2. Cross-border payment innovation : Promote digital RMB settlement of cross-border trade in Nansha and participate in the pilot test of the multilateral central bank digital currency bridge.

3. Construction of demonstration areas : Create application models for digital RMB business districts and industrial parks.

4. Technology research and development support : Promote digital RMB related technology pilots and talent training.

Guangzhou will coordinate through the leading group, improve emergency measures, strengthen publicity and guidance, steadily advance the digital renminbi pilot work, and provide a demonstration for the development of digital finance nationwide.