BEIJING, Oct. 14 (Xinhua) -- Guilin Bank has recently achieved the first application of digital RMB in individuals' border trade at Dongxing Port in Fangchenggang City, south China's Guangxi Zhuang Autonomous Region.
This initiative was under the guidance of the Fangchenggang Branch of the People's Bank of China, and was launched as a national pilot scenario at the China-ASEAN Financial Cooperation & Development Forum 2025.
The bank adopts digital RMB as the fund circulation vehicle, leveraging the Beibu Gulf Port digital RMB comprehensive service platform to enable seamless payment channels and end-to-end transaction traceability. This provides a safer and more efficient settlement method for border trade. Besides, with its commitment to border financial services, Guilin Bank's innovative practice has simplified settlement processes, enhanced trade facilitation, and contributed to the standardization and digitization of border trade.
In the future, Guilin Bank will continue to utilize the technical advantages of digital RMB to explore more application scenarios in cross-border trade. In doing so, the bank aims to provide financial support for Guangxi's high-level opening-up and high-quality development, helping to build an efficient and open cross-border financial ecosystem.
(Edited by Yang Linlin with Xinhua Silk Road, linlinyanglyn@163.com)
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