CoinVoice has recently learned that according to Hong Kong media Xincheng Finance, Hong Kong Legislative Council member Wu Jiezhuang stated that the stablecoin regulation draft passed to establish a licensing system for stablecoin issuers indicates that Hong Kong has a very large space to develop stablecoins, which will eventually become a combination of innovative finance and the real economy. He believes there will be more value-added and entrepreneurial opportunities. However, regarding Internet companies and Financial Institutions planning to issue stablecoins in Hong Kong, Wu Jiezhuang welcomed this but reminded retail investors not to be greedy and to first understand the investment risks, maintaining a cautious attitude when making investments.