小商品城回应市场关切 拟申请香港TCSP牌照

Core Viewpoint - The company is actively exploring the potential of stablecoins and plans to leverage Hong Kong's financial ecosystem to enhance its cross-border financial services capabilities [1][5]. Group 1: Stablecoin and Financial Technology - The company operates the world's largest small commodity trading market and maintains trade relations with over 230 countries, with a significant portion of trade involving Belt and Road Initiative countries [2]. - The company is interested in applying for a stablecoin license in Hong Kong, contingent on regulatory clarity, to improve cross-border payment solutions for global customers, especially small and medium-sized enterprises [2][5]. Group 2: Market and Trade Growth - Yiwu, where the company is located, is recognized as the largest small commodity center globally, supporting over 210,000 small and medium-sized enterprises and attracting more than 20,000 foreign merchants [3]. - In 2024, Yiwu International Trade City is expected to see an average daily foot traffic of 224,300, a year-on-year increase of 12.15%, and a daily vehicle flow of 99,000, a year-on-year increase of 5.48% [3]. Group 3: Cross-Border Payment Developments - The company’s cross-border payment platform, Yiwu Pay, achieved over $4 billion in cross-border receipts in 2024, marking a year-on-year growth of 233% [4]. - The platform has established a global service network covering over 160 countries and has opened cross-border accounts for 23,000 foreign trade enterprises since its launch in 2023 [4]. Group 4: Investment in Hong Kong - The company plans to invest in Hong Kong to enhance its cross-border financial service capabilities and improve competitiveness in the industry [5][6]. - The investment includes establishing a wholly-owned offshore subsidiary in Hong Kong and applying for a Trust or Company Service Provider License [5].