As the central urban area of the digital RMB pilot city, Haizhu is striving to develop new models of experiential consumption, cultural consumption and digital consumption.

Haizhu has strengthened cooperation with various pilot banks to gradually boost the promotion and application of digital RMB in seven key livelihood areas of food, housing, transportation, travel, shopping, entertainment, and medical care, including online and offline consumption, as well as small and high-frequency consumption. Haizhu promotes the pilot popularization of digital RMB with small consumption and high-frequency consumption models.

Haizhu encourages pilot banks and merchants to introduce preferential policies for digital renminbi. It launched coupons from online platforms Meituan and JD.com, as well as full discounts at large offline supermarkets. Digital RMB red envelopes can be accessed via the bank app. These red envelopes can be used for offline consumption at designated stores. There is also a discount of 1 cent ($0.16 cent) to ride the tram.

Haizhu will also seize the opportunity to become a world-class digital economy demonstration zone. Based on the digital economy of the Pazhou Artificial Intelligence and Digital Economy Pilot Zone, it will explore the fields of industrial Internet, supply chain finance, cross-city, cross-region and cross-border commerce, and allow more people, merchants and enterprises to enjoy the inclusiveness and convenience of digital RMB.

A man uses digital yuan to pay for goods. [Photo/WeChat account: gzhzfb]