Ant Group's Ant Financial Initiates Application for Hong Kong Stablecoin License

Ant Group Vice President and President of Ant Financial's Blockchain Business Bian Zhuoqun revealed today that Ant Financial has initiated the application for a Hong Kong stablecoin license and has already engaged in multiple rounds of communication with regulators.

According to reports, Ant Financial has designated Hong Kong as its global headquarters this year and has completed a regulatory sandbox trial in Hong Kong. Bian Zhuoqun made the above statement at the SNEC Shanghai Photovoltaic Exhibition on June 12, where Ant Financial and Xiexin Energy Science announced the establishment of a new company, "Ant Xinneng."