The General Office of the People's Government of Guangxi Zhuang Autonomous Region issued the “Fifteenth Five-Year Plan for the Development of the Guangxi Financial Industry”, which states that the use of RMB across ASEAN regions should be promoted. Raise the level of use of RMB for cross-border trade. Focus on expanding the use of RMB in areas such as commodity trade, cross-border e-commerce, and border trade. Promote Guangxi to make more use of RMB settlement in cross-border industrial chain supply chain cooperation with ASEAN. Explore the application of digital yuan in cross-border payments. Support the development of RMB settlement for online border people's mutual market trade. Support eligible banks within the jurisdiction to lend RMB funds to ASEAN peers. Raise the level of use of RMB for cross-border investment and financing. Implement “online filing+instant settlement” for domestic enterprises to invest and finance RMB in ASEAN. Build a digital yuan trade investment and financing center for ASEAN. Promote the facilitation of RMB cross-border capital flows, innovatively support local enterprises in Guangxi to carry out direct investment and cross-border financing services in ASEAN in RMB, and encourage ASEAN enterprises to use RMB to invest and develop businesses in Guangxi. Deepen cross-border financial market cooperation with ASEAN. Promote the access of ASEAN commercial banks to the Chinese interbank bond market, and support the participation of ASEAN commercial bank branches in the interbank lending market. Support the introduction of more types of regional transactions between the RMB and ASEAN currency interbank markets, and explore and improve the RMB to Vietnamese dong quotation trading system. Support financial institutions in Guangxi to establish RMB agent banking relationships with financial institutions in ASEAN countries.

Zhitongcaijing · 1d ago
The General Office of the People's Government of Guangxi Zhuang Autonomous Region issued the “Fifteenth Five-Year Plan for the Development of the Guangxi Financial Industry”, which states that the use of RMB across ASEAN regions should be promoted. Raise the level of use of RMB for cross-border trade. Focus on expanding the use of RMB in areas such as commodity trade, cross-border e-commerce, and border trade. Promote Guangxi to make more use of RMB settlement in cross-border industrial chain supply chain cooperation with ASEAN. Explore the application of digital yuan in cross-border payments. Support the development of RMB settlement for online border people's mutual market trade. Support eligible banks within the jurisdiction to lend RMB funds to ASEAN peers. Raise the level of use of RMB for cross-border investment and financing. Implement “online filing+instant settlement” for domestic enterprises to invest and finance RMB in ASEAN. Build a digital yuan trade investment and financing center for ASEAN. Promote the facilitation of RMB cross-border capital flows, innovatively support local enterprises in Guangxi to carry out direct investment and cross-border financing services in ASEAN in RMB, and encourage ASEAN enterprises to use RMB to invest and develop businesses in Guangxi. Deepen cross-border financial market cooperation with ASEAN. Promote the access of ASEAN commercial banks to the Chinese interbank bond market, and support the participation of ASEAN commercial bank branches in the interbank lending market. Support the introduction of more types of regional transactions between the RMB and ASEAN currency interbank markets, and explore and improve the RMB to Vietnamese dong quotation trading system. Support financial institutions in Guangxi to establish RMB agent banking relationships with financial institutions in ASEAN countries.