Wu Shuo learned that according to Ming Pao, Yao Zhisheng, a member of the National Committee of the Chinese People's Political Consultative Conference, stated that the biggest opportunity for Hong Kong to develop stablecoins is to promote offshore RMB stablecoins, rather than Hong Kong dollar stablecoins. He suggested that the SAR government seek central support to develop officially certified RMB stablecoins, enhance market confidence, and help Hong Kong become a global stablecoin issuance hub.