Agricultural Bank: No plan to develop stablecoin at the moment

Agricultural Bank of China responded to investors' questions on capital injection, stock repurchase, and stable coin development on the interactive platform. In response to the market's attention on stable coins and cryptocurrency development, the Agricultural Bank of China stated clearly that regulatory authorities will implement the current round of capital injection for state-owned large banks in an orderly manner according to the principles of overall planning, phased implementation, and tailored strategies. Our bank will move forward with related work according to unified arrangements. In the future, our bank will prioritize investors, strengthen market value management, and strive to enhance investment value and shareholder returns. As for the latest trends in global stable coins and cryptocurrencies, our bank will continue to study and monitor developments, and currently has no plan to develop stable coins.