Zhongshan has achieved a historic leap from zero to over 1 trillion yuan in cross-border RMB transactions since becoming one of China's initial pilot cities for RMB internationalization and cross-border trade settlement in 2009. Over the past 16 years, this growth represents a compound annual growth rate of nearly 80%.
As of end-July 2025, the city's cumulative cross-border RMB settlement volume reached 1.0036 trillion yuan, ranking sixth in Guangdong Province (excluding Shenzhen).
Trade and direct investment-related settlements accounted for 626.81 billion yuan, or 62.45% of the total.
The geographic scope of Zhongshan's cross-border RMB business has expanded beyond Hong Kong and Macao to encompass Belt and Road countries and global markets, with transactions now spanning 170 countries and regions worldwide.