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Ant International Completes Subscription to ChinaAMC RMB Digital Currency Fund

Ant International and China Asset Management (Hong Kong) jointly announced that Ant International has recently completed its subscription to the ChinaAMC RMB Digital Currency Fund, which has been included in Ant International's treasury allocation. This fund transfer was initiated by Ant International at the Pudong Branch of China Construction Bank in Shanghai. The digital RMB assets were transferred in real time from Shanghai to Hong Kong, then routed to the relevant account at Standard Chartered Bank (Hong Kong), and the fund subscription was settled using offshore RMB. This operation has achieved full end-to-end connectivity of the entire process covering "cross-border digital RMB transfer + offshore RMB asset investment".

Source: PANewsRead original