Recently, the attitudes towards stablecoins and RWA policies in China have been trending towards a positive and optimistic direction. Huang Yiping, a member of the Monetary Policy Committee of the People's Bank of China, stated that digital assets are a major trend that will exist for the long term and will be integrated with traditional assets such as RWA; It is difficult to promote stablecoins domestically, so Hong Kong may consider offshore RMB stablecoins; It is unlikely for China to completely open up, but innovation cannot be absent. Hong Kong's attempt is very valuable.