Odaily News Qiu Dagen, member of the Legislative Council of the Hong Kong Special Administrative Region (Technology and Innovation), said at the founding ceremony of the Hong Kong Compliance Industry Association, "I believe that stablecoins are a huge market. Various countries are trying them and everyone is paying attention to them, but we need to wait for the regulatory details in Hong Kong to be released before looking forward. As a member of the Legislative Council, I am interested in whether it is possible to issue RMB-based stablecoins in Hong Kong. This is a huge market."