According to ChainCatcher news, Tencent News has published an article (The Stablecoin Boom Promotes Chinese Institutions to Enter RWA in Hong Kong, Industry Insiders Call for Cooling), which pointed out that Hong Kong's financial circle is beginning to stratify. Foreign-funded institutions are researching quantification, hedging, and IPOs, while Chinese-funded institutions are starting to study RWA. Chinese financial institutions in Hong Kong are actively trying RWA. A head of a leading fund company in Hong Kong stated that many institutions have received requests from their domestic headquarters to explore business opportunities related to RWA projects during this period. Like most financial products launched in Hong Kong, these Chinese financial institutions need a large number of lawyers to participate in their exploration of RWA projects, which has also led to an increase in business for some law firms in Hong Kong in the cryptocurrency sector, including King & Wood Mallesons and JunHe Law Offices.
In addition, a person in charge of a state-owned asset management company stationed in Hong Kong stated, "This wave is actually top down, the headquarters hopes that the institutions stationed in Hong Kong will try to engage in RWA to prepare for the ecological development after the issuance of stablecoins."