TechFlow News — According to official announcements, AnchorX has been invited to participate in the Mainland and Hong Kong Trade and Economic Delegation, jointly organized by China's Ministry of Commerce and the Belt and Road Office under Hong Kong's Commerce and Economic Development Bureau. The delegation conducted field visits to Hungary, Kazakhstan, and Xinjiang from May 16 to 25, 2024, aiming to explore cooperation opportunities along the Belt and Road Initiative (BRI) routes.
AnchorX plans to facilitate cross-border trade and business activities between Hong Kong and BRI partner countries through its stablecoin products, including AxHKD, a Hong Kong dollar-pegged stablecoin issued on the Conflux blockchain.
During this visit, AnchorX achieved significant progress, signing two memoranda of understanding (MoUs) in Kazakhstan:
1. With the Astana International Financial Centre Authority (AIFC Authority), an institution dedicated to establishing AIFC as a leading financial hub for Central Asia, the Caucasus, the Eurasian Economic Union, and Western China.
2. With Aral Petroleum Capital, a leading oil and gas company based in eastern Kazakhstan.
Kazakhstan is the largest economy in Central Asia, and China has become its top trading partner, with bilateral trade reaching USD 31.5 billion in 2023. These MoUs represent key milestones for AnchorX, marking further advancement in delivering reliable digital currency solutions that enable BRI partners to conduct more efficient business collaboration with Hong Kong and mainland China in a geoeconomically resilient environment.
