Company Strategy - China National Petroleum Corporation is closely following Hong Kong Monetary Authority's stablecoin issuer licenses [1] - The company will initiate a feasibility study on cross-border settlement and payment through stablecoins [1] Fintech & Cryptocurrency - The study focuses on conducting cross-border settlement and payment using stablecoins [1]

Company Strategy - China National Petroleum Corporation is closely monitoring Hong Kong Monetary Authority's stablecoin issuer licenses [1] - The company plans to conduct a feasibility study on cross-border settlement and payment using stablecoins [1] Fintech & Cryptocurrency - The study focuses on the application of stablecoins in cross-border settlement and payment [1]

Market Trends - Hong Kong interest rates are surging, disrupting the previously top-performing carry trade [1] - Local authorities implemented a cash squeeze to alleviate pressure on the city's long-standing currency peg [1]

Cost Reduction - Hong Kong's de-facto central bank is planning to cut costs next year [1] Fiscal Policy - The city is taking steps to reduce its fiscal deficit [1]