Chinese Banks Court Crypto Firms in Hong Kong After Mainland Ban
- Bocom, Bank of China among lenders looking at crypto firms
- Hong Kong sees a rush of firms into city after policy shift
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Crypto firms rushing into Hong Kong after the city opened its doors to the battered sector are finding a surprising source of potential support: China’s state-owned banks.
Chinese banks have been directly reaching out to crypto businesses over the past few months, adding to signs that the city’s push to become a major digital asset center has backing from Beijing, even though trading of crypto has been banned on the mainland for well over a year.