TechFlow news, August 2: According to Tencent News' "Qianwang" citing Sina Finance, over 50 enterprises and institutions have flocked to apply for licenses from Hong Kong's Monetary Authority. Among them are a state-owned energy giant and CITIC Group, major players in cross-border trade. These entities have met with the Hong Kong Monetary Authority's regulatory team to discuss the possibility of applying for stablecoin licenses. Some institutions aiming for licenses ultimately target stablecoins pegged to offshore RMB. Tencent News' "Qianwang" has so far been unable to obtain a comment from CITIC Group.
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