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PANews
PANews|Aug 29, 2025 09:09
[PetroChina: Closely Monitoring Hong Kong Stablecoin, to Launch Feasibility Study on Cross-Border Settlement] PetroChina (00857.HK) disclosed at its semi-annual performance briefing that it is closely monitoring the Hong Kong Monetary Authority's stablecoin licensing policy and plans to initiate a feasibility study on cross-border settlement and payment using stablecoins. As one of China's largest state-owned energy enterprises, PetroChina has become the first traditional energy giant to publicly respond to Hong Kong's Stablecoin Ordinance.
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