Liu Kaixuan: There are talks with stablecoin operators about the possibility of setting up in Hong Kong in the future, and it is expected that related enterprises will soon be established.

According to the financial news app Zhitong, the Hong Kong "Stablecoin Regulations" will be implemented starting on August 1st. The Director of Investment Promotion, Liu Kaixuan, stated that there are prospective stablecoin operators currently in discussions with the Investment Promotion Bureau's financial team about the opportunity to establish a presence in Hong Kong. It is anticipated that shortly after the regulations take effect, related companies will set up operations in Hong Kong.