China National Petroleum Corporation: Pay close attention to Hong Kong stablecoin, will launch cross-border settlement feasibility study
2025-08-29 09:00:15
China National Petroleum Corporation (00857.HK) is closely monitoring the Hong Kong Monetary Authority's stablecoin licensing policy and plans to launch a feasibility study for cross-border settlement and payment in stablecoins, according to its semi-annual results. As one of China's largest energy state-owned enterprises, China National Petroleum Corporation has become the first traditional energy giant to publicly respond to Hong Kong's Stablecoin Ordinance.
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