According to the Hong Kong Economic Journal, Director General of Investment Promotion at InvestHK, Alpha Lau, stated that there are currently quasi-stablecoin operators in discussions with its financial team regarding establishing a presence in Hong Kong. It is expected that related companies will establish themselves in Hong Kong shortly after the Stablecoin Ordinance comes into effect next month. Alpha Lau stated that in the past two and a half years, 630 mainland companies have established a presence in Hong Kong, accounting for approximately 48%. As national policies support companies going global, Hong Kong will become a springboard, and it is believed that mainland companies will continue to account for a significant proportion of companies establishing a presence in Hong Kong in the future. [Foresight News]

Director-General of Investment Promotion at InvestHK: There are currently potential stablecoin operators in discussions to establish a presence in Hong Kong