Guangdong has unveiled an ambitious plan to expand cross-border digital yuan payment pilots and other financial programs within the China (Guangdong) Pilot Free Trade Zone. The proposal includes support for new cross-border financial products, fintech trials, and offshore finance initiatives aimed at boosting financial development and innovation in the region. This strategic move aligns with China’s broader efforts to enhance financial connectivity and stimulate economic growth. The draft development plan outlines significant measures to enhance financial openness while promoting the adoption of digital yuan in various cross-border transactions. It envisions a future where cross-border e-CNY payments and other innovative financial…
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