Core Viewpoint - The company, QianShi International, has signed a memorandum of understanding with the Yanji Municipal Government to explore potential collaboration in digital economy-related businesses, focusing on two main projects that incorporate a stablecoin mechanism based on the Renminbi [1][2]. Group 1: Potential Collaboration Projects - The first project is an industrial digitalization platform that utilizes the company's hybrid blockchain technology to create a comprehensive data verification system for industries, enabling real-time proof of production data and assets, and addressing financing challenges for SMEs through the use of stablecoin as a settlement tool [1][3]. - The second project involves a cross-border points exchange system designed for the Yanji tourism market, leveraging blockchain's immutability to ensure transparency in points issuance and facilitating the conversion of local consumption points into stablecoins for use with international merchants [2][3]. Group 2: Expected Benefits - The industrial digitalization platform is anticipated to gradually resolve inventory issues for SMEs, allowing for the redistribution of capital to the public and creating a unified market for the free flow of production factors [3]. - The cross-border points system is expected to attract over a thousand merchants from neighboring countries, significantly boosting tax revenue and consumption in Yanji [3]. - The initiative aims to establish a pioneering model for "blockchain + stablecoin" in border trade, contributing to China's participation in international digital asset regulation [3]. - The project will also promote the implementation of AOM (Asset Object Marking) standards in Northeast Asia and facilitate the internationalization of the Renminbi stablecoin in cross-border trade [3]. - The team led by Academician Li Lizhong will develop compliance guidelines for cross-border stablecoin operations, potentially replicating the "Yanji model" in other border cities [3]. Group 3: Strategic Implications - The collaboration exemplifies a micro-level practice of China's "dual circulation" strategy, with Yanji aiming to become a digital financial center in Northeast China and a key player in the Eurasian digital financial landscape [3][4]. - The company is positioned to leverage its blockchain technology and cross-border financial innovation, combined with Yanji's policy advantages, to create a dual-driven model of "industrial digitalization + cross-border capital flow" [4]. - If successful, this model could be replicated in other border cities across China, providing essential infrastructure support for the construction of a digital Silk Road [4].
权识国际(00381)附属福老投资与延吉市人民政府就可能于香港合作开展数字经济相关业务事项订立谅解备忘录