ChinaAMC (HK), the Hong Kong arm of Chinese fund house China Asset Management, launched the world’s first yuan-denominated tokenised fund on Thursday, aligning with the city’s regulatory framework for stablecoins, which is expected to stimulate demand for digital assets. While a yuan stablecoin is currently unavailable, mainland Chinese officials have softened their stance on digital currencies and the broader digital asset space. With Hong Kong’s stablecoin ordinance taking effect from August...