Ant International and Huaxia Fund jointly announced today that Ant International has recently completed the subscription for the Huaxia RMB Digital Currency Fund and included it in the treasury allocation. The fund transfer was initiated by Ant International at the Shanghai Pudong branch of China Construction Bank. Digital RMB assets were transferred from Shanghai to Hong Kong in real time, and finally transferred to Standard Chartered Bank related accounts, and fund subscriptions were completed in offshore RMB, thus completing the full link of “digital yuan cross-border transfer+offshore RMB asset investment”. This practice opened up digital yuan offshore asset management and corporate treasury application channels, and verified the viability of digital yuan in the Shanghai-Hong Kong cross-border fund transfer scenario.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.