Director-General of Investment Promotion at InvestHK: There are currently potential stablecoin operators in discussions with their financial teams about establishing a presence in Hong Kong.

Director General of Investment Promotion at InvestHK, Ms. Lau Kai-shuen, recently stated that there are potential stablecoin operators in discussions with its financial team regarding establishing a presence in Hong Kong. It is anticipated that shortly after the "Stablecoin Ordinance" takes effect next month, relevant companies will establish operations in the region. "In the past two and a half years, 630 mainland Chinese enterprises have established a presence in Hong Kong, accounting for approximately 48%. With national policies supporting enterprises in going global, Hong Kong will serve as a stepping stone. It is believed that mainland Chinese enterprises will continue to constitute a significant proportion of companies establishing operations in Hong Kong in the future." [Foresight News]