Golden Finance reports that the Executive Director of the Intermediary Institutions Department of the Hong Kong Securities and Futures Commission, Ye Zhiheng, stated that recently some companies have been using the application for stablecoin licenses as a pretext to inflate stock prices. Investors should remain rational and be wary of related scams. He revealed that in the first half of this year, there were 265 complaints about virtual asset trading, mainly involving overseas scams, platform violations, or frozen funds, and warned of the risks of trading on unlicensed platforms.