Located in the southwest end of Xilin Gol League, Xianghuang Banner covers an area of 5,137 square kilometers, with jurisdiction over 1 Sumu, 2 towns, 60 Gacha and 6 neighborhood committees. 480 Haote (natural village). New Borag town is the seat of the flag government. There are more than a dozen ethnic groups such as Mongol, Han, Hui, Daur, Zhuang and Manchu. According to the seventh census data, as of midnight on November 1, 2020, Xianghuang Banner's permanent population was 27,399.

On July 27, 2018, the Inner Mongolia Autonomous Region people's Government approved the withdrawal of the poverty flag. On January 9, 2019, Aser Music was selected into the list of "Hometown of Chinese Folk Culture and Art" from 2018 to 2020.

In 2020, the regional GDP of Xianghuang Banner was 2134.54 million yuan, down 3.5% year on year based on comparable prices.