PetroChina: Closely monitoring Hong Kong's stablecoin and launching a feasibility study on cross-border settlement

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On August 29, PetroChina (00857.HK) revealed at its semi-annual performance meeting 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 companies, PetroChina became one of the first traditional energy giants to publicly respond to Hong Kong's Stablecoin Ordinance.

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