TechFlow, on August 14, according to Jinshi Data, the Hong Kong Securities and Futures Commission (SFC) has established a dedicated market surveillance team along with advanced and proven systems to closely monitor trading activities in Hong Kong, aiming to maintain market integrity and stability and protect investors. The SFC will take stringent actions against any manipulation or fraudulent behavior that may undermine market integrity and stability.
Hong Kong Monetary Authority (HKMA) Chief Executive Officer余伟文 stated that the HKMA adopts a strict and prudent approach in reviewing stablecoin issuer license applications. The approval criteria are set at a high threshold, and only a few licenses will be granted initially. As part of normal market communication, we have had preliminary discussions with multiple institutions regarding the stablecoin license. Such communications, expressions of interest, or applications do not constitute approval of any institution, nor imply any endorsement of their prospects for obtaining a license.
