Small Commodity City responds to whether to apply for a Hong Kong stablecoin license

Regarding whether to apply for a Hong Kong stablecoin license, Small Commodity City (600415) stated on the interactive platform on the 18th that the company operates the world's largest small commodity trading market and naturally has a massive and high-frequency cross-border commercial settlement scene. Innovative payment tools such as stablecoins have the potential to provide more efficient and low-cost cross-border payment solutions for global merchants, especially small and medium-sized enterprises, which is in line with our goal of serving physical trade. We welcome and support the positive progress of Hong Kong in the regulatory framework for stablecoins. Our cross-border payment platform, Yiwu Pay, will continue to monitor the progress of relevant regulations and will actively evaluate and submit relevant applications as soon as the regulations are clear and the path is smooth. (People's Financial News)