--- title: "AOM INT'L's subsidiary Fulao Investment has signed a memorandum of understanding with the People's Government of Yanji City regarding the potential cooperation in digital economy-related business in Hong Kong" type: "News" locale: "en" url: "https://longbridge.com/en/news/248013966.md" description: "AOM INT'L's subsidiary, Fulao Investment, signed a memorandum of understanding with the Yanji Municipal People's Government to collaborate on digital economy-related businesses in Hong Kong. The cooperation projects include an industrial digitalization internal circulation empowerment platform and a cross-border points exchange system, innovatively introducing a renminbi stablecoin mechanism to address the financing difficulties of small and medium-sized enterprises and promote cross-border consumption. This move aims to promote the integration of technological sustainable development and social governance, facilitating international trade" datetime: "2025-07-10T13:19:02.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/248013966.md) - [en](https://longbridge.com/en/news/248013966.md) - [zh-HK](https://longbridge.com/zh-HK/news/248013966.md) --- > Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/248013966.md) | [繁體中文](https://longbridge.com/zh-HK/news/248013966.md) # AOM INT'L's subsidiary Fulao Investment has signed a memorandum of understanding with the People's Government of Yanji City regarding the potential cooperation in digital economy-related business in Hong Kong According to the Zhitong Finance APP, AOM INT'L (00381) announced that on July 10, 2025, its subsidiary Fujian Laojiu Investment Group Co., Ltd. (FuLao Investment) signed a memorandum of understanding with the Yanji Municipal People's Government regarding potential cooperation in digital economy-related business activities in Hong Kong (potential cooperation matters). Academician Li Lizhong, as the company's executive director and co-chairman, is an internationally recognized authority in blockchain and financial technology. His research achievements in distributed ledger technology and financial system security have global influence. In 2025, he was awarded the title of "World Innovation Leader" by the United Nations Sustainable Development Goals Organization and became a member of the Global Leadership and Technology Innovation Academy Committee, highlighting his outstanding contributions to promoting the integration of technological sustainable development and social governance. This potential cooperation includes two core projects and innovatively introduces a renminbi stablecoin mechanism: **(1) Industrial Digitalization Internal Circulation Empowerment Platform** Based on the company's super hybrid chain technology, a comprehensive industrial data confirmation system will be established. The platform enables real-time evidence and recognition of enterprise production data and production factors, and introduces listed company bonds to benchmark renminbi-pegged stablecoins as on-chain settlement tools, addressing the financing difficulties faced by small and medium-sized enterprises due to credit deficiencies. For example, enterprises can convert on-chain confirmed accounts receivable into stablecoin assets, achieving second-level discounting and optimizing cash flow. **(2) Cross-Border Points Exchange System** Designed for the cross-border tourism consumption scenario in Yanji, a multilateral points exchange system will be established. Utilizing the immutable characteristics of blockchain to ensure the transparency of points issuance, while bridging the points systems of merchants in China, South Korea, and Russia through offshore renminbi stablecoins. Consumers can exchange local consumption points for stablecoins and make direct payments to overseas partner merchants, breaking through foreign exchange controls and settlement cycle restrictions, thereby stimulating border trade vitality. A "dual compliance framework" is adopted, with the underlying layer being a fiat-collateralized stablecoin issued by a licensed institution in Hong Kong to ensure fund compliance; the swap transactions designated by the Yanji government can connect international blockchains. This provides special benefits for Chinese enterprises on international trade e-commerce payment platforms, promoting capital flow and trade facilitation. The application layer is authorized by the Yanji Municipal Government for cross-border scenario points exchange, achieving coordinated supervision of capital flow and data flow, avoiding tax source loss, and ensuring compliant business operations. Expected benefits of the potential cooperation include: (1) The internal circulation platform can gradually solve the inventory reduction problem for small and medium-sized enterprises, completing the transfer of capital to the public, allowing the public to have the right to distribute surplus value during consumption, and forming a unified large market for the free flow of production factors. (Based on the efficiency improvement of on-chain asset confirmation); (2) The cross-border points system is expected to attract over a thousand merchants from neighboring countries, driving the agglomeration of cross-border industries in Yanji and significantly increasing tax revenue and consumption; (3) Creating the country's first "blockchain + stablecoin" pilot for border trade points, providing a case for China's participation in the formulation of international digital asset rules; (4) Promoting the implementation of AOM (Production Material Identification) standards in the Northeast Asia region; and promoting the internationalization pilot of renminbi stablecoins in cross-border trade, forming the first paradigm of official application landing benchmarked against renminbi stablecoins (5) Academician Li Lizhong's team will lead the formulation of the "Cross-Border Stablecoin Compliance Operation Guidelines," exporting the "Yanji Model" to other border cities. This cooperation is not only a typical example of technology empowering local economies but also a micro-practice of the national "dual circulation" strategy. Yanji City is fully committed to building a digital financial center in Northeast China, and with the development blueprint of the "Belt and Road" Eurasian Digital Financial Center, this cooperation is expected to further enhance its strategic position in the regional digital economy and cross-border finance sectors. Our company, leveraging blockchain underlying technology and cross-border financial innovation capabilities, combined with Yanji City's policy dividends and geographical advantages, is expected to form a "digitalization of industries + cross-border capital flow" dual-driven model. If the pilot is successful, this model can be replicated in border port cities across the country, providing key infrastructure support for China to build a digital Silk Road ### Related Stocks - [JUTALOILSER RTS (02908.HK)](https://longbridge.com/en/quote/02908.HK.md) - [AOM INT'L (00381.HK)](https://longbridge.com/en/quote/00381.HK.md) ## Related News & Research - [It's Trump's trade world now](https://longbridge.com/en/news/281500260.md) - [MINISO Extends Hong Kong Share Buybacks as 2025 Results Filed](https://longbridge.com/en/news/281398103.md) - [France Suggests China Should Discuss Strait of Hormuz Reopening With Iran](https://longbridge.com/en/news/281492081.md) - [Melco International Strengthens Governance With Formal Audit Committee Mandate](https://longbridge.com/en/news/281434476.md) - [How Iran conflict has pushed UK to fix 'deep damages' caused by Brexit](https://longbridge.com/en/news/281512700.md)