Hong Kong can be said to have woken up early in the stablecoin race but arrived too late; the Chinese renminbi stablecoin track has already been completely eliminated, leaving no opportunity. For us, it's a bit regrettable, after all, we once had the best blockchain environment.

Of course, all of this is reasonable; after all, we are a superpower, capable of moving the whole body with a single move. When the world still settles transactions in the old global dollar-based system, if the renminbi settlement system hasn't been established yet, launching a renminbi stablecoin rashly could plunge the renminbi into irretrievable disaster.
So, seeking stability is always correct, but it's a pity for this historical opportunity.