[Ant Group and JD Suspend Hong Kong Stablecoin Issuance Plan] On October 19, according to reports from the 'Lianhe Zaobao,' Chinese tech companies Ant Group and JD have suspended their plans to issue stablecoins in Hong Kong. In May this year, Hong Kong passed the 'Hong Kong Stablecoin Ordinance Bill,' which officially came into effect on August 1. As of the end of September, 36 institutions had applied for stablecoin licenses. Previously, both Ant Group and JD had expressed their intention to participate in Hong Kong's stablecoin pilot project.