CICC: The development of cryptocurrencies and Hong Kong stablecoins will promote the internationalization of RMB and cross-border payments.

According to Foresight News, CITIC Construction Investment released a report saying that the global stable currency policy and industrial side will continue to make efforts, and the industrial ecology will continue to flourish. The development of cryptocurrencies and stablecoins in Hong Kong will have a great boost to the internationalization of the RMB and cross-border payments. It is recommended to pay attention to cross-border payment-related targets.

According to incomplete statistics from the Securities Times, in the past week alone (June 15-21), at least 16 brokerages have released more than 24 research reports to comprehensively study stablecoins, covering multiple industry perspectives such as macro, computer, media, Internet, finance, and blockchain. Some of these securities companies have launched special topics and in-depth research on stablecoins, such as Guojin Securities, Zhongtai Securities, Dongwu Securities, Tianfeng Securities, etc., and CITIC Securities' macro, overseas, banks, non-bank and other research teams have conducted in-depth research from various industry perspectives. At the same time, since June, many stablecoin concept stocks have been under investigation by institutions.

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