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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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