CoinVoice has recently learned that Tencent News published an article (The Stablecoin Boom Drives Chinese Institutions in Hong Kong to Enter RWA, Industry Insiders Call for Cooling), which points out that Hong Kong's financial sector is starting to stratify, with foreign institutions researching quantitative analysis, hedging, and IPOs, while Chinese institutions are beginning to explore RWA. Chinese financial institutions in Hong Kong are eagerly attempting RWA, with a head of a leading fund company in Hong Kong stating that many institutions have received requests from their domestic headquarters to explore business opportunities in RWA projects. Like most financial products implemented in Hong Kong, these Chinese financial institutions' exploration of RWA projects requires a large number of lawyers, which has also led to an increase in business for some law firms in Hong Kong within the cryptocurrency sector, including King & Wood Mallesons and JunHe Law Offices.
In addition, a head of a state-owned enterprise asset management company stationed in Hong Kong stated, 'This wave is actually top down, with headquarters hoping that the institutions in Hong Kong try to engage in RWA to prepare for the ecological development after the issuance of stablecoins.' [Original link]