TechFlow news — On January 6, according to the "Action Plan for Further Advancing Digital RMB Initiatives in Guangzhou," recently issued by the Financial Affairs Office of the Guangzhou Municipal Committee (referred to as the "Digital Currency 2.0 Plan"), the plan outlines key tasks for the pilot program across seven aspects. First, further leverage the functions of member units of Guangzhou's Digital RMB Work Leadership Group. Each unit will develop innovation and promotion plans for digital RMB application scenarios within their respective domains, ensuring no fewer than one application scenario is implemented in their field. Second, explore promoting digital RMB as the unified payment method for prepaid services across the city. Third, vigorously establish various demonstration zones for digital RMB applications. Fourth, further enrich and improve digital RMB application scenarios in transportation and mobility. Fifth, promote innovation in digital RMB application scenarios within port and shipping sectors. Sixth, actively advance the use of digital RMB in cross-border payments and related businesses. Actively encourage digital RMB operating institutions and relevant enterprises in Guangzhou to participate in pilot testing of the multilateral central bank digital currency bridge. Apply digital RMB on commodity trading platforms operated by Guangzhou Commodity Exchange and shipping trading platforms operated by Guangzhou Shipping Exchange Company. Seventh, significantly strengthen the industrial foundation capabilities of digital RMB.
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