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Focus on Provincial Two Sessions: Liu Xiang Proposes Accelerating the Development of Cross-Border Digital Yuan Payment Environment in the Greater Bay Area

2023.01.15

January 12, 2023. Guangzhou, China - The First Session of the 14th Guangdong Provincial People’s Congress convened in Guangzhou. Liu Xiang, Chairman and General Manager of XGD INC., who is also a newly appointed representative, attended the meeting and submitted a proposal titled "Accelerating the Development of the Cross-Border Digital Yuan Payment Environment in the Greater Bay Area."


In his proposal, Liu emphasized that, apart from Guangzhou and Shenzhen, the promotion and application of the digital yuan in other regions of the province remain in the early stages. He noted the existing disparities in per capita GDP among various cities and counties in Guangdong, highlighting the necessity for tailored, efficient digital yuan promotion strategies that consider local conditions.


Liu's recommendations aim to enhance the digital payment landscape in the Greater Bay Area, facilitating greater economic integration and financial innovation.

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