Agricultural Bank of China: There is currently no plan to develop stablecoins

Agricultural Bank of China responds to investors' questions about capital injection, stock repurchase, and stablecoin development on the interactive platform. In response to market concerns about the development of stablecoins and cryptocurrencies, Agricultural Bank of China has clearly stated that regulatory authorities will implement this round of state-owned major bank capital injections in an orderly manner according to the concept of "coordinated promotion, phased implementation, and one bank, one policy". Our bank will promote relevant work according to unified arrangements. In the future, our bank will adhere to the principle of putting investors first, strengthen market value management, and strive to enhance investment value and shareholder return capabilities. We will follow up and study the latest development trends of global stablecoins and cryptocurrencies, and currently have no plans to develop stablecoins.