China's token economy push in Guangzhou is expanding beyond an initial market reaction in related stocks, with state-backed platforms beginning to sell standardized AI model services by token and Haizhu District launching what the report describes as China's first specialized financial product that uses AI token consumption as a basis for credit approval. In Huangpu, Science City Digital Technology Group, under district-owned Science City Group, has launched the Bay Area Smart City Model Supermarket, offering compliant, state-backed model access through API interfaces and saying some enterprises have cut token costs by more than 20%. In Haizhu, Bank of China, CITIC Bank and Bank of Guangzhou joined the district on Aug. 14 to unveil Token Loan alongside support measures for the token economy. Bank of China said the offering builds on last year's Computing Power Loan and now includes Token Supply Loan, Token Application Loan and Token Service Loan, using computing power output and consumption, service contract value and related accounts receivable as core credit criteria. The Guangzhou branch's pilot credit has already reached 28 million yuan, or about $4.2 million. The broader effort reflects a shift by local state-owned capital from selling raw computing power to packaging AI infrastructure as metered services, while officials and exchange-backed institutions try to standardize token measurement, pricing and compliance. The Guangdong Token Trading and Service Center, built on the Guangzhou Data Exchange, is intended to serve as a neutral hub for unified accounting, compliance review and potential token export scenarios. Analysts cited in the report said the model could give urban investment platforms a new transformation path, but warned that profitability is still uncertain because unified metering standards are not yet established and price competition could squeeze margins.