China National Petroleum Corporation: closely follow Hong Kong stablecoin, will initiate cross-border Settlement feasibility study.

[PetroChina: Closely Follow Hong Kong Stablecoin, Will Launch Feasibility Study on Cross-Border Settlement] PetroChina (00857.HK) revealed at its half-year performance meeting that it is closely following the Hong Kong Monetary Authority's stablecoin license policy and plans to launch a feasibility study on cross-border settlement and payment using stablecoins. As one of China's largest state-owned energy enterprises, PetroChina is among the first traditional energy giants to publicly respond to Hong Kong's "Stablecoin Ordinance."

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