Market Update: Major State-Owned Energy Enterprise and CITIC Group Meet with Hong Kong Monetary Authority Regulators to Explore Possibility of Applying for a Stablecoin License

According to ChainCatcher, citing Tencent News "Qianwang" as reported by Sina Finance, more than 50 corporate institutions have flocked to the Hong Kong Monetary Authority to apply for licenses. Major players in cross-border trade, such as a central energy enterprise and CITIC Group, are among them. These companies have met with the Hong Kong Monetary Authority's regulatory team to discuss the possibility of applying for a stablecoin license. Some institutions seeking licenses ultimately aim to issue stablecoins pegged to offshore RMB. As of now, Tencent News "Qianwang" has not yet received a comment from CITIC Group.