6th anniversary of Guangxi FTZ: Cross-border capital innovations

It has been 6 years since China (Guangxi) Pilot Free Trade Zone (FTZ) was launched in August 2019.

During this period, it has focused on institutional innovation, generating 214 regional-level innovation outcomes–76 of which are national firsts–and fueling both high-level opening-up and high-quality development.

To celebrate the anniversary, an event is being held to showcase the FTZ's practices in the "5 Freedoms + 1 Orderly Flow" framework, which covers trade, investment, capital, transportation, personnel, and data. Its innovations in cross-border capital flow are particularly notable.

The Qinzhou Port Area leads a pilot program to facilitate cross-border renminbi flow, including five pioneering businesses. This initiative supports industrial park cooperation between China and Malaysia and strengthens the RMB's influence in ASEAN.

Separately, Guilin Bank launched the nation's first cross-border electronic bank acceptance draft service via Non-Resident Account (NRA), providing efficient cross-border payment solutions for enterprises.

The Chongzuo Area has built a border financial ecosystem, incorporating tools like digital renminbi and "zero-carbon" cross-border cash adjustment. Fangchenggang, meanwhile, created new mechanisms such as agent foreign exchange settlement to address border trade challenges like settlement difficulties and high risks.

Other key innovations include the "Ganghangrong" platform, which integrates logistics data to ease cross-border financing for small and medium-sized foreign-related enterprises.

The Chongzuo Area also developed online renminbi settlement for market procurement trade, boosting both efficiency and transaction safety.