People familiar with the matter said that a number of Chinese banks have extended their tentacles into the Hong Kong currency circle.

(Schematic, Bloomberg)

[Financial Channel/Comprehensive Report] "Bloomberg" quoted people familiar with the matter as reporting that a number of Chinese banks have extended their tentacles into the Hong Kong currency circle.

According to people familiar with the matter, in the past few months, the Hong Kong branches of China Bank of Communications, Bank of China and Shanghai Pudong Development Bank have begun to provide services to local cryptocurrency companies in Hong Kong, or have conducted investigations on related businesses and discussed internal information.

According to sources, some bank sales representatives have even visited cryptocurrency companies to promote their services.

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The report pointed out that this phenomenon is worth noting, because before this, the cryptocurrency industry has been shunned by major banks, and now the Bank of China has directly contacted Hong Kong cryptocurrency companies, indicating that Hong Kong's goal of becoming an Asian cryptocurrency center has been approved by the Chinese authorities. support.

In this regard, a director of a Chinese bank’s Hong Kong branch said, “The push for cryptocurrencies, the apparent green light from the Chinese government in Beijing, and the uncertain local lending situation provide an opportunity to explore the Hong Kong market.”

Bank of China, Bank of Communications and Shanghai Pudong Development Bank did not respond to requests for comment on the report.

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