Foresight News reports that, according to 21st Century Business Herald, many listed companies in the Shanghai and Shenzhen stock markets have been frequently asked on interactive platforms whether they are planning to engage in 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.