Summary of Hilda Company Conference Call Industry and Company Overview - **Company**: Hilda Company - **Industry**: Stablecoin and Cross-Border Payment Solutions Core Points and Arguments 1. **Stablecoin Technology Integration**: Hilda aims to integrate stablecoin technology with business scenarios to promote the internationalization of the Renminbi (RMB) and cross-border transactions [2][4][6] 2. **Global Payment Rule Development**: Hilda seeks to participate in the formulation of new global payment rules, leveraging its advantages in RMB internationalization and cross-border payments [4][5] 3. **Multi-Role Service Model**: The company plans to serve four key stakeholders: issuers, custodians, trading platforms, and end-users, under the regulatory framework in Hong Kong [5][6] 4. **Impact on Chinese Financial System**: The development of stablecoins is expected to maintain currency sovereignty, promote RMB internationalization, and innovate payment systems, enhancing China's voice in the global financial market [6][26] 5. **Competitive Advantages**: Hilda's advantages include extensive financial IT experience, investment in leading cross-border payment firms like Pingpong, and a favorable policy environment [7][26] 6. **Future Development Directions**: Hilda plans to deepen technology research and application, expand partnerships, and increase market coverage, particularly in cross-border payment and settlement scenarios [8][9] Additional Important Content 1. **International Business Expansion**: Hilda has established a subsidiary in Hong Kong to focus on overseas business, including payment settlement and cross-border RMB clearing, and has accumulated significant international business experience [10] 2. **Collaboration with Pingpong**: Hilda collaborates with Pingpong to facilitate payment settlements for merchants on platforms like Amazon, leveraging its connections with domestic financial institutions [21][25] 3. **Market Positioning**: Hilda holds a nearly 50% market share in the domestic international settlement market, serving major state-owned and joint-stock banks [16] 4. **Challenges in International Banking**: Hilda faces challenges in connecting with foreign banks due to varying local IT standards, but finds it easier to work with Chinese institutions abroad [23] 5. **Regulatory Environment**: The company benefits from the evolving regulatory landscape in Hong Kong regarding stablecoins, which presents new collaboration opportunities [15][26] 6. **Digital RMB and Cross-Border Settlement**: Hilda focuses on using the CIPS system for RMB internationalization rather than directly on digital RMB [27] This summary encapsulates the key insights from Hilda Company's conference call, highlighting its strategic focus on stablecoins and cross-border payment solutions within the evolving financial landscape.