Recently, the General Office of the People’s Government of the Guangxi Zhuang Autonomous Region officially released the “Implementation Plan for Guangxi’s “Five Major Articles” in Finance”, which listed the innovative application of digital renminbi as an important part of regional financial reform and clearly stated a number of implementation requirements.
The plan points out that Guangxi will focus on exploring and promoting the application of digital renminbi in cross-border payment and settlement, and at the same time rely on the digital renminbi smart contract service platform to build a prepaid fund management platform covering the entire region to solve the problem of fund supervision in the prepaid industry from a technical level; in addition, it will also strengthen the emergency management capabilities of the payment and settlement system, continue to explore digital renminbi application scenarios with Guangxi regional characteristics, conduct money laundering risk assessments of digital renminbi business in an orderly manner, and build a safe and controllable digital renminbi application ecosystem.
As early as April 2026, the Guangxi Zhuang Autonomous Region Branch of the People’s Bank of China organized and convened the 2026 Guangxi Financial Support Promotion Conference for the Construction of the New Western Land-Sea Corridor. The meeting specifically made arrangements for the construction of a digital RMB ecosystem and required financial institutions within the jurisdiction to actively strive to
With policy support, we will prioritize the implementation of digital renminbi applications in high-frequency and high-demand scenarios such as border trade, bulk commodity trading, and prepaid fund management. We will give full play to the characteristics of digital renminbi payment that is settlement, traceability, and low rates, and serve the trade facilitation upgrade of the New Land-Sea Corridor in the West.
As one of the earliest border provinces and regions in the country to launch digital RMB pilot projects, Guangxi has gradually formed a mature application ecosystem covering cross-border settlement, people’s livelihood consumption, financial innovation and other fields since the launch of the pilot projects in Nanning and Fangchenggang.
In 2025, Guangxi achieved a zero breakthrough in multilateral central bank digital currency bridge letter of credit scenarios. All 17 scenarios of the digital renminbi pilot plan were implemented, and a number of national “first” applications were created in border areas such as small-amount trade, border trade, and border loans.
As a frontier window for open cooperation with ASEAN and a key node of the New Land-Sea Corridor in the West, Guangxi has a unique location advantage and industrial foundation to explore the cross-border application of digital renminbi. The implementation of relevant applications can not only significantly reduce cross-border trade settlement costs, improve settlement efficiency, and reduce the impact of exchange rate fluctuations on small, medium and micro enterprises
The influence of border trade enterprises has also provided a replicable and promoteable “Guangxi sample” for the exploration of cross-border applications of digital renminbi across the country. In the future, as more scenarios are gradually implemented, the digital renminbi will also play a greater role in promoting China-ASEAN financial openness and cooperation and assisting high-quality economic development in border areas.
