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Director of the Hong Kong InvestHK: Currently, there are stablecoin operators negotiating to settle in Hong Kong.
On July 7, according to the Hong Kong Economic Journal, Liu Kaixuan, the director of the Hong Kong Investment Promotion Agency, stated that there are currently stablecoin operators negotiating with their financial teams for the opportunity to establish in Hong Kong. It is expected that shortly after the "Stablecoin Ordinance" comes into effect next month, relevant enterprises will set up operations. Liu Kaixuan mentioned that in the past two and a half years, 630 mainland enterprises have established a presence in Hong Kong, accounting for about 48%; due to national policies supporting enterprises going overseas, Hong Kong will become a springboard, and it is believed that mainland enterprises will still hold a considerable proportion among the businesses setting up in Hong Kong in the future.