Guangzhou has unveiled its 15th Five-Year Plan, emphasizing the expansion of digital RMB applications and the development of a robust financial city. The plan aims to enhance Guangzhou's international financial competitiveness by strengthening key financial hubs like Zhujiang New Town and the International Financial City. It also seeks to enrich the offerings of the Guangzhou Futures Exchange and bolster legal financial institutions.
Key initiatives include integrating green and transitional finance, supporting micro and small enterprises, and establishing a model for elderly care finance. The plan also focuses on fostering public company growth, encouraging mergers and acquisitions, and developing innovative business models in investment advisory and asset management. Additionally, it aims to improve local financial regulation and coordination with central authorities.
Guangzhou's Five-Year Plan to Boost Digital RMB and Financial Innovation
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