Ant International and China Asset Management (Hong Kong) said Ant International has recently completed an allocation to the ChinaAMC RMB Digital Currency Fund, listed as 3461.HK and 83461.HK, and has included the product in its treasury allocation. According to the announcement, the fund transfer was initiated by Ant International at China Construction Bank Shanghai Pudong Branch. Digital yuan assets were moved in real time from Shanghai to Hong Kong, then credited to a related account at Standard Chartered Bank (Hong Kong), where the fund allocation was completed in offshore renminbi. The companies said the arrangement connected the full process from cross-border digital RMB transfers to offshore RMB asset investment. The announcement also said the exercise opened a channel linking offshore digital RMB asset management with corporate treasury applications, while testing the feasibility of digital RMB use in Shanghai-Hong Kong cross-border fund transfer scenarios. The report was attributed to Huang Xinyi of the Star Market Daily.
Ant International and China Asset Management (Hong Kong) jointly announced that Ant International has recently completed an allocation to the ChinaAMC RMB Digital Currency Fund (3461.HK / 83461.HK) and has added the product to its treasury allocation.
The companies said the related fund transfer was initiated by Ant International through China Construction Bank Shanghai Pudong Branch. Digital yuan assets were moved in real time from Shanghai to Hong Kong, were ultimately transferred into a related account at Standard Chartered Bank (Hong Kong), and the fund allocation was then completed in offshore renminbi. The announcement said this completed a full link between cross-border digital RMB transfers and offshore RMB asset investment.
According to the announcement, the exercise opened a channel between offshore digital RMB asset management and corporate treasury applications, and verified the feasibility of digital RMB use in Shanghai-Hong Kong cross-border fund transfer scenarios. The report was filed by Huang Xinyi of Star Market Daily.
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