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HSBC HOLDINGS Georges Elhedery: To Issue Stablecoin in HK in 2H
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HSBC HOLDINGS (00005.HK) CEO Georges Elhedery said that the group will officially issue a stablecoin in Hong Kong in the second half of the year, according to multiple media sources. He believed the stablecoin licence will provide the group with an additional tool to enhance customer engagement and promote the development of the digital economy, helping it vie with other stablecoin issuers in the market. He also noted that the group has launched a tokenised gold product in Hong Kong and has introduced tokenised deposit services for wholesale clients, connecting hubs in Hong Kong, Singapore, the UK, Luxembourg, the US and the UAE, enabling round-the-clock real-time and seamless cross-border transactions. The group has ambitiously expanded into the mainland China market in recent years, assisting foreign investors in investing in mainland China and supporting mainland enterprises in going global, Elhedery added. Foreign direct investment remains ongoing, particularly in mainland China's technology innovation sector. Meanwhile, mainland enterprises have achieved globally competitive scale and are gradually evolving into sources of outbound investment flows, covering ASEAN, India, as well as the Middle East, Europe and the Americas. Auto-translated by AI AASTOCKS Financial News |
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