Ant Group has completed the allocation of the Huaxia Renminbi Digital Currency Fund and has been included in the treasury

Ant International and Huaxia Fund (Hong Kong) jointly announced that Ant International has recently completed the allocation of the Huaxia Renminbi Digital Currency Fund (3461.HK / 83461.HK) and has incorporated it into its treasury allocation.

The related fund transfer was initiated by Ant International at the Shanghai Pudong Branch of China Construction Bank, with digital renminbi assets being transferred in real-time from Shanghai to Hong Kong, ultimately deposited into the relevant account at Standard Chartered Bank (Hong Kong), and the fund allocation completed in offshore renminbi, achieving a full-link connection for cross-border allocation of digital renminbi and investment in offshore renminbi assets.

The announcement stated that this practice opens up the channel for offshore asset management of digital renminbi and corporate treasury applications, and verifies the feasibility of digital renminbi in the cross-border fund allocation scenario between Shanghai and Hong Kong. The above news was reported by Huang Xinyi from the Science and Technology Innovation Board Daily.