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According to a report by Sing Tao Daily citing multiple sources, HSBC, Standard Chartered, and the Hong Kong-based virtual asset trading platform OSL will be among the first companies to obtain Hong Kong's stablecoin licenses. The report stated that the list may be announced as early as next week, but it is not yet finalized and is still subject to change. The Hong Kong Monetary Authority said it does not comment on market rumors.
Techub News, according to Sina Finance, Poly Group issued a statement clarifying that it and its subsidiaries have not organized or participated in any business or activities related to Hong Kong stablecoins or stablecoin funds. The statement pointed out that the Hong Kong-registered entities named "Poly Digital Industry Group Co., Limited," "Poly Digital Asset Co., Limited," and "Poly Digital Asset Issuance Co., Limited" have no equity or subordinate relationship with Poly Group and its subsidiaries, nor do they have any investment, cooperation, or business ties.
Techub News reported, according to Hong Kong Economic Journal, Circle Vice President for Asia Pacific Chen Qinqi stated in an interview that under the current framework, Hong Kong professional investors are still allowed to use USDC and are not subject to regulation. Circle has no plans to issue a local currency-denominated stablecoin, primarily issuing two types of stablecoins, namely the US dollar stablecoin USDC and the Euro stablecoin EURC. However, it remains open to future cooperation regarding a Hong Kong dollar stablecoin, has held discussions with multiple companies, and looks forward to seeing the issuance of Hong Kong dollar stablecoins and other stablecoins in Hong Kong.
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