Hong Kong media: Hong Kong FSDC held a stablecoin meeting at the end of August, attended by Ant Group, LianLian Pay, HKEX, and others.

According to a report by Jinse Finance, as disclosed by Hong Kong Economic Times, the Hong Kong Financial Services Development Council (FSDC) held a meeting on stablecoins at the end of last month. The agenda covered five major discussion topics, including the stablecoin guidelines proposed by the Hong Kong Monetary Authority (HKMA), licensing mechanisms, ecosystem collaboration, the establishment of a dedicated task force, and a focus on KYB (Know Your Business) and KYC (Know Your Customer). It is reported that attendees included institutions interested in applying for a stablecoin issuer license, such as Ant Group, LianLian Pay, and Hong Kong Exchanges and Clearing Limited (HKEX). However, there were no representatives from the HKMA present. The FSDC was represented by Executive Director Au King Lun and Director and Head of Policy Research Dong Yiyue. The entire meeting lasted over two hours, and the FSDC has not yet responded regarding this meeting.