Guangxi Baoyun FC

On February 27, 2018, the club was founded by Baoyun Real Estate Development Co. in Liuzhou as Guangxi Baoyun F.C.. Participating in the provincial Guangxi Super League for its first time, the club managed to win the entire championship by beating Liuzhou Ranko in the finals, and secured a spot in the 2018 Chinese Champions League. In this new conquest, they finished 2nd in the group stage, and advanced to the final play-off stage, facing Chengdu Better City in the round of 16. After two hard-fought battles, although eventually losing 1–4 in Chengdu and facing elimination, the team managed to hold their ground at the home game and upset the guests with a 0–0 draw, which led to them achieving the rank of 13th out of 16 teams, just above Shenzhen Xinqiao and Qingdao Red Lions which lost their both two rounds of games—a rank eligible for admission to 2019 China League Two due to vacancies created by the withdrawal of several teams. They were eventually granted promotion on 1 February 2019.

Before the 2021 China League Two season, the club moved to Pingguo and changed its name to Guangxi Pingguo Haliao F.C. The club would come third within the division and qualified for the Promotion/Relegation play-offs against Xinjiang Tianshan Leopard where they won 1-0 on aggregate to gain promotion to the second tier for the first time in their history. In their debut season within the second tier they would avoid relegation and finish eleventh within the division, whilst also gaining the unique distinction of the most recorded draws in Chinese football history with seventeen draws throughout the league season.