TechFlow news, June 3 — According to Jinshi Data, GF Securities stated that Hong Kong's regulatory framework for stablecoins could provide mainland enterprises with a compliant channel to issue RMB-pegged stablecoins via Hong Kong for cross-border trade and investment, enhancing their global market competitiveness and attracting incremental capital into A-shares. However, given the still stringent virtual asset policy environment, the likelihood of large-scale inflows into A-shares remains low. In the short term, this may create structural opportunities in the stock market, potentially boosting sectors such as digital currency, cross-border payments, blockchain, and RWA (real-world asset tokenization). Stablecoins might become a strategic tool for the U.S. to safeguard the dollar's status, somewhat alleviating selling pressure on the dollar and U.S. Treasuries. Nevertheless, due to limited stablecoin scale and intensifying competition, the near-term supportive impact on the dollar and U.S. Treasuries is expected to be modest.
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