Vice President of JD Group: Proposal for Hong Kong to develop a stablecoin for offshore RMB to gain a foothold in international currency competition

According to Hong Kong Wen Wei Po, Shen Jianguang, Vice President of JD Group, stated at the opening forum of the Wealth Management Expo 2025 that the renminbi has unique advantages in international development. Although the renminbi has made significant progress in internationalization, there is still a lot of room for growth in global currency use. Hong Kong can be the first region in the world to develop offshore renminbi, and then promote it to the whole world. He proposed that Hong Kong can develop a stablecoin for offshore renminbi, which will help the renminbi occupy a place in the next generation of international currency competition.