According to Odaily, the enthusiasm for virtual asset trading has expanded from Hong Kong stocks to the A-shares market in mainland China. Recently, several listed companies on the Shanghai and Shenzhen stock exchanges have been frequently questioned on interactive platforms about their involvement in stablecoin business. Industry experts believe that policy openings, increased efficiency, and strategic positioning are driving the market's positive outlook on stablecoin ventures. Notably, the Hong Kong Stablecoin Ordinance, set to take effect on August 1, is the world's first comprehensive regulatory framework for fiat-backed stablecoins.