According to PANews on January 6, the Office of the Financial Committee of the Guangzhou Municipal Party Committee issued the (Action Plan for Further Promoting the Digital RMB Work in Guangzhou), proposing to deepen the results of the digital RMB pilot, comprehensively expand the application areas, optimize the payment ecological environment, and help Guangzhou's high-quality economic development.
The plan clearly states that by June 2025, the application of digital RMB will be expanded to people's livelihood, sports, consumption and other fields; by the end of 2025, breakthroughs will be made in key innovation scenarios such as cross-border payments, port and shipping trade, and by the end of 2026, basic full coverage of specific areas will be achieved, forming a complete digital RMB ecosystem.
The action plan includes:
1. Promotion in the field of people's livelihood: Optimize application convenience in scenarios such as public transportation, medical care, culture and tourism.
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. Demonstration area construction: creating a model for the application of digital RMB business districts and industrial parks.
4. Technology R&D support: Promote digital RMB-related technology pilots and talent training.
Guangzhou will coordinate through the leading group, improve emergency measures, strengthen publicity and guidance, and steadily advance the digital RMB pilot work to provide a demonstration for the development of digital finance across the country.