According to Foresight News, recently multiple listed companies in the Shanghai and Shenzhen markets have been frequently asked on interactive platforms whether they are laying out stablecoin business. Industry insiders believe that the opening of policies, increased efficiency, and strategic positioning are driving the market's optimism towards stablecoin business. In particular, the Hong Kong (Stablecoin Regulation), which will officially take effect on August 1, is the world's first comprehensive regulatory framework specifically for fiat-backed stablecoins.