Guangdong’s commerce department has released a draft plan for the Guangdong Free Trade Zone, titled the "15th Five-Year" development plan (2026-2030). The draft calls for expanding the cross-border digital yuan payment pilot and keeps the public consultation period open until Sept. 5. It also seeks to broaden digital yuan use cases inside the free trade zone, support offshore finance and cross-border wealth management, and allow financial institutions to develop cross-border supply chain finance products. The draft further encourages international financial institutions to set up regional headquarters in the zone. The proposal comes after China and Singapore completed their first cross-border digital yuan payment through the upgraded CBETS platform, according to the report.
Guangdong’s commerce department has released a draft of the "15th Five-Year" development plan (2026-2030) for the Guangdong Free Trade Zone, calling for an expansion of the cross-border digital yuan payment pilot. Public consultation runs through Sept. 5.
The draft also aims to broaden digital yuan use cases inside the free trade zone, support offshore finance and cross-border wealth management, and allow financial institutions to develop cross-border supply chain finance products.
It also encourages international financial institutions to establish regional headquarters in the zone. The proposal follows the first cross-border digital yuan payment completed by China and Singapore through the upgraded CBETS platform, according to the report.
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