According to TechFlow, AnchorX was invited to participate in the Mainland-Hong Kong Economic and Trade Delegation jointly organized by the Ministry of Commerce of the People's Republic of China and the Belt and Road Office under the Commerce and Economic Development Bureau of the Hong Kong Special Administrative Region. The delegation visited Hungary, Kazakhstan and Xinjiang from May 16 to 25, 2024 to explore cooperation opportunities along the Belt and Road.

AnchorX plans to promote cross-border trade and business activities between Hong Kong and Belt and Road partner countries through its stablecoin products, including the Hong Kong dollar stablecoin AxHKD issued on Conflux.

During this inspection, AnchorX made significant progress and signed two memorandums of cooperation in Kazakhstan:

1. With the Astana International Financial Centre Authority (AIFC Authority), which is committed to building AIFC into a leading financial hub for Central Asia, the Caucasus, the Eurasian Economic Union and Western China.

2. With Aral Petroleum Capital, a leading oil and gas company in Eastern Kazakhstan.

Kazakhstan is the largest economy in Central Asia, and China has become its largest trading partner, with bilateral trade volume reaching US$31.5 billion in 2023. These two cooperation memorandums are important milestones for AnchorX, marking a step forward in providing reliable digital currency solutions, allowing Belt and Road partners to conduct more efficient business with Hong Kong and the Mainland in an environment free from geopolitical interference. cooperate.