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JD.com and Alibaba's Ant Group are jointly lobbying the People's Bank of China to seek authorization to pilot the issuance of stablecoins pegged to offshore RMB in Hong Kong, according to multiple sources. The move is intended to hedge the
In a recent media interview, Xu Zhengyu, Secretary for Financial Services and the Treasury of the Hong Kong Special Administrative Region, responded to the question of "whether stablecoins can be pegged to the RMB". He said that based on Ho
On September 24, the Hong Kong Monetary Authority issued an official statement to clarify a piece of false information that has been widely circulated on social media recently.
CICC recently released a research report pointing out that the current domestic third-party payment system is highly mature and efficient, and the necessity for large-scale popularization of stablecoins in China is not high, and the impact
As Hong Kong actively promotes the development of digital assets, many securities firms and listed companies have begun to deploy real-world asset tokenization (RWA) businesses.
The Hong Kong Special Administrative Region Government officially published the "Stablecoin Ordinance (Effective Date) Notice" in the Gazette today, clearly setting August 1, 2025 as the official implementation date.
In Yiwu, China, the world's largest small commodity distribution center, stablecoins are penetrating into the cross-border trade payment system at an astonishing scale. According to data from blockchain analysis company Chainalysis, the sca
On May 20, Meitu Inc. (stock code: 1357) announced that it had reached a strategic cooperation with Alibaba Network China Co., Ltd. (an indirect wholly-owned subsidiary of Alibaba Group), and issued convertible bonds with a total principal
On April 20, 2025, a price fluctuation event occurred in the VOXEL contract trading pair of the cryptocurrency exchange Bitget, which attracted widespread attention, resulting in a series of chain reactions such as a surge in abnormal tradi
An important milestone has appeared in the compliance process of Hong Kong's virtual asset market.Recently, the Hong Kong Securities and Futures Commission (SFC) released the newly formulated "ASPIRe" roadmap, listing 12 major measures unde
Guangzhou's 15th Five-Year Plan Recommendations: Expand the Application Scenarios of Digital RMB.
A business platform launch event for the Digital RMB International Operations Center was held in Shanghai on September 24th.