广东跨境人民币结算占比首超50%，“新业态”占比九成彰显企业选择

Core Insights - The cross-border RMB settlement scale in Guangdong is projected to rank among the top three provinces in China by 2025, with a year-on-year growth of 21.5%, marking a historic high in both settlement volume and proportion [1][2]. Group 1: Overall Growth and Structural Highlights - Guangdong's total cross-border receipts and payments are expected to reach USD 2.5 trillion in 2025, reflecting a 7.2% year-on-year increase, with RMB settlement growth significantly outpacing this at 21.5% [2]. - The "new foreign trade formats," particularly cross-border e-commerce, are identified as the main drivers of RMB settlement, with over RMB 800 billion settled through these channels, accounting for over 90% of the total in this category [2]. Group 2: Open High Ground and Innovation Engine - Shenzhen is highlighted as a core engine for RMB cross-border business, with a total settlement amount of RMB 5.83 trillion in 2025, maintaining its position as the primary cross-border settlement currency between Shenzhen and Hong Kong [3]. - The continuous innovation in the Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone has contributed to the development of financial infrastructure, with the number of FT account openings reaching 12,800 by the end of 2025 [3]. Group 3: Interconnectivity and Mutual Empowerment - The free flow and efficient use of RMB within the Guangdong-Hong Kong-Macao Greater Bay Area are crucial, supported by mechanisms like the "Cross-Border Wealth Management Connect," which has attracted 178,000 individual investors and facilitated RMB fund transfers totaling RMB 131.3 billion [4]. - The QFLP (Qualified Foreign Limited Partner) model in Qianhai has simplified foreign exchange registration processes, allowing flexible investment configurations, with QFLP management enterprises accounting for over 80% in Shenzhen [4]. Group 4: Global Extension and Service to Entities - The growth of cross-border RMB settlement in Guangdong is driven by a global service ecosystem for enterprises "going out," with a focus on providing comprehensive financial services for investments in Belt and Road Initiative countries [5]. - The RMB settlement volume with Belt and Road countries and ASEAN regions has significantly increased, with its regional structure proportion rising to 36.9%, enhancing the currency's role in global trade and investment [5]. Group 5: Future Path Towards New Productive Forces - A clear roadmap for the deepening of RMB internationalization has been outlined in the "Action Plan for Supporting High-Quality Development of Qianhai Financial Sector (2025-2026)," emphasizing the establishment of a policy system focused on high-level financial openness and RMB internationalization [7]. - Future innovations in cross-border RMB business are expected to align closely with the needs of emerging industries such as low-altitude economy, artificial intelligence, and high-end manufacturing, with initiatives to support insurance products and digital RMB cross-border trials [7].