An article published in the Beijing Business Daily points out that Hong Kong maintains a cautious approach to issuing stablecoin licenses, with the relevant review and research work nearing completion. Industry insiders believe this is a choice that combines the risks of the global stablecoin market with the realities of Hong Kong's financial development. However, investors should be aware of the differences in regulatory policies for stablecoins between mainland China and Hong Kong. Investors are advised to stay away from all kinds of unlicensed stablecoin products, both domestically and internationally. Furthermore, when participating in Hong Kong-licensed stablecoin-related businesses across borders, investors must comply with relevant mainland regulations on foreign exchange and cross-border transactions, be wary of irrational investment risks arising from market speculation, and avoid blindly participating in related trading activities.