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01.10.25 - 11:00
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Beijing taps Conflux Network to explore offshore yuan stablecoins (SCMP)
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Conflux Network, which claims to be the only regulatory-compliant public blockchain operator in mainland China, has been allowed to experiment with offshore yuan stablecoins as Beijing seeks to secure a position in the new global financial order, according to its founder.
Conflux had received a tacit green light from Chinese authorities to explore the development of offshore yuan stablecoins, and was aiming to have up to 300 million yuan (US$42.1 million) worth of tokens issued on its blockchain......
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29.09.25 - 15:36
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HSBC, Standard Chartered complete first yuan repo under new scheme (SCMP)
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Hong Kong note-issuing banks HSBC and Standard Chartered on Monday completed trades at the launch of the city's cross-boundary bond repurchase (repo) scheme, according to the two lenders.
The cross-boundary bond repo business was launched by the Hong Kong Monetary Authority (HKMA) and the People's Bank of China, alongside other mainland authorities, as the latest initiative to enhance the Bond Connect scheme, which would encourage more international investors to trade in yuan-denominated......
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25.09.25 - 14:42
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Hong Kong launches road map to deepen yuan′s role, expand financial market (SCMP)
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Hong Kong unveiled a blueprint on Thursday for its fixed income and currency markets, including measures to expand offshore yuan products and liquidity to consolidate its role as an international financial hub.
The Roadmap for the Development of Fixed Income and Currency (FIC) Markets, jointly unveiled by the Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA), sets out plans to broaden offshore yuan usage and expand cross-border Connect schemes to enhance......
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25.09.25 - 09:06
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Hong Kong warns against unapproved yuan stablecoins amid crypto frenzy (SCMP)
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The Hong Kong Monetary Authority (HKMA) cautioned investors that no stablecoins pegged to the offshore yuan had been approved for issuance in the city, as regulators sought to temper the frenzy surrounding digital assets.
In a statement published on WeChat on Wednesday, the HKMA refuted claims circulating on social media that the first offshore yuan-pegged stablecoin had been issued in Hong Kong.
The authority said it had not granted any licences for stablecoin issuers and deemed any related......
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22.09.25 - 09:36
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Hong Kong firms tap new Swap Connect rule to hedge yuan rate risks (SCMP)
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Companies in Hong Kong moved swiftly on Monday to take advantage of a new Swap Connect rule that lets them hedge using China's onshore loan prime rate (LPR), as demand rises to manage yuan interest-rate risks.
The measure, which was introduced by mainland China and Hong Kong regulators in May and went live on Monday, is part of a drive to expand product offerings under Swap Connect. Launched in Hong Kong in 2023, Swap Connect allows global investors to access mainland China's interbank financial......
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