Core Viewpoint - Ant Group's subsidiaries, Ant Digital Technology and Ant International, are applying for stablecoin licenses in Hong Kong, reflecting a strategic move to enhance their global financial technology services and cross-border payment capabilities [1][3]. Group 1: Company Actions - Ant Digital Technology has initiated the application for a stablecoin license in Hong Kong and has engaged in multiple rounds of communication with regulators [1]. - Ant International is also planning to apply for a stablecoin license, focusing on global cash management and expanding its investments in AI, blockchain, and stablecoin innovations [1][3]. - Both subsidiaries operate independently with their own management teams, allowing them to pursue stablecoin licenses without conflict [3]. Group 2: Market Context - The application for stablecoin licenses is seen as a response to the evolving regulatory environment in Hong Kong, particularly with the upcoming implementation of the Stablecoin Regulation Bill on August 1 [1][4]. - Stablecoins are expected to lower cross-border payment costs and enhance settlement efficiency, making them attractive for Ant International's focus on cross-border payments [3][4]. Group 3: Strategic Implications - Ant Digital Technology aims to leverage its existing blockchain capabilities to drive the development of new asset classes centered around technology [4][6]. - The establishment of "Ant Xinneng" in collaboration with GCL-Poly Energy Holdings indicates a commitment to creating digital trading scenarios based on stablecoins, enhancing market potential [5][6]. - The focus on compliance and infrastructure development is crucial for ensuring the successful integration of stablecoins into traditional financial systems [5][6].

Group 1 - Ant International is planning to apply for stablecoin licenses in Hong Kong and Singapore, focusing on global treasury management and expanding partnerships [1] - The company welcomes the passage of the "Stablecoin Regulation Draft" by the Hong Kong Legislative Council, which will take effect on August 1, and aims to contribute to Hong Kong's development as an international financial center [1]

Core Viewpoint - Ant International is accelerating investments and expanding partnerships in global financial management, focusing on the application of AI, blockchain, and stablecoin innovations [1]. Group 1 - Ant International plans to apply for stablecoin licenses in Hong Kong and Singapore following the approval of the Stablecoin Regulation Bill by the Hong Kong Legislative Council [1]. - The Stablecoin Regulation Bill is set to take effect on August 1, with related channels opening for applications [1]. - Ant International aims to contribute to the development of Hong Kong as a future international financial center [1].