Hong Kong Monetary Authority: Approved stablecoin companies plan to settle, with mainland enterprises accounting for nearly half of the newly established companies.

On July 7, according to reports, Liu Kaixuan, the director of the Hong Kong Investment Promotion Agency, stated that there are currently stablecoin operators in discussions with his financial team about the opportunity to establish a presence in Hong Kong. It is expected that shortly after the "stablecoin regulations" come into effect next month, relevant companies will be established.

Liu Kaixuan stated that in the past two and a half years, 630 mainland enterprises have settled in Hong Kong, accounting for about 48%; due to national policies supporting enterprises going abroad, Hong Kong will become a springboard, and it is believed that in the future, mainland enterprises will still account for a certain proportion among the companies settling in Hong Kong.