PetroChina begins stablecoin study to improve cross-border payments, aligning with Hong Kong’s new regulations for faster, efficient global trade transactions.
PetroChina has started a feasibility study to explore the use of stablecoins for cross-border settlement and payments. This step follows the launch of Hong Kong’s Stablecoin Ordinance, which came into effect on August 1, 2025. With this new regulation, PetroChina finds a prospect to modernize its global trade systems, as well as reduce the cost of transactions.
PetroChina Aligns with Hong Kong’s New Stablecoin Regulations
This proposal was announced by the company at the mid-year results conference. It also connected the research to the new stablecoin licensing regulations of the Hong Kong Monetary Authority (HKMA). The rules require any issuer or promoter of a stablecoin in Hong Kong to be registered as a local company. They should also have not least HK$25 million of paid-in capital. The HKMA has provided a six-month transition period ending on September 30. Companies are also invited to submit a license application during this period.
The decision by PetroChina signifies a change of direction for the large state-owned companies of China in global trade. Stablecoins, or digital representations of fiat currencies, can provide a solution to settlement that is more efficient and quicker. Since Hong Kong is currently a regulated future of stablecoins, PetroChina is exploring technical solutions to be ready to use it in the future.
The company has not applied yet in the stablecoin license. Nevertheless, it is already doing technical groundwork. It is also keeping up with the current policy changes in Hong Kong and other key markets. By proceeding with PetroChina, the company may become an example to other businesses in the energy and trade industries.
Related Reading: Hong Kong Stablecoin AML Rules Shake Crypto Sector | Live Bitcoin News
PetroChina Seeks to Modernize Large-Scale Trade with Stablecoins
The Chief Finance Officer of PetroChina, Wang Hua, addressed the initiative on the latest conference. He has highlighted the concern of the company over the reduction of settlement risks and enhancement of payment efficiency. He stated that PetroChina is interested in being on the forefront of the change in the industry and leveraging new financial technologies.
Hong Kong’s Stablecoin Ordinance sets clear rules for market participants. Any firm seeking to issue or market stablecoins is supposed to satisfy stringent requirements. These are effective asset backing, good governance, and a robust capital base. The HKMA also intends to roll out the initial round of licenses by the year 2025.
The PetroChina study does not have a definite launch date yet. Nevertheless, it is early in the game, demonstrating that traditional companies are starting to explore digital finance. This energy giant is working on the role that stablecoins may play in large-scale, real-world trade deals. The outdated financial systems usually delay such deals and charge high prices.
To sum it up, the decision of PetroChina is a response to a wider tendency in global trade. Blockchain and stablecoin technology are becoming more popular as efficiency enhancers among companies. Provided the feasibility study is successful, PetroChina can be at the forefront of international energy payments using the use of stablecoins. Such a move can become an important step towards bridging the gap between the digital economy and the traditional industries.
