According to Tencent News (Qianwang), more than 50 enterprises have flocked to the Hong Kong Monetary Authority to apply for licenses. Some of these include a certain energy state-owned enterprise and cross-border trade giants like CITIC Group. These enterprises met with the regulatory team of the Hong Kong Monetary Authority to discuss the possibility of applying for a stablecoin license. Some institutions looking to apply for licenses still aim to create stablecoins pegged to offshore RMB. Currently, Tencent News (Qianwang) has not been able to obtain comments from CITIC Group.