According to Odaily Planet Daily, the Hong Kong Financial Services Development Council (FSDC) held a meeting on stablecoins at the end of August. The meeting covered five key topics: the HKMA's proposed stablecoin guidelines, licensing mechanisms, ecosystem collaboration, and the establishment of a dedicated task force. The meeting also focused on Know Your Business (KYB) and Know Your Customer (KYC). Attendees reportedly included institutions interested in applying for stablecoin issuer licenses, including Ant, LianLian Pay, and the Hong Kong Stock Exchange. However, no HKMA representative was present. The FSDC representatives were Chief Executive Officer Au King-lun and Director and Head of Policy Research Tung Yi-yue. The meeting lasted over two hours, and the FSDC has yet to respond to requests for comment. (Hong Kong Economic Times)