[Sing Tao Daily: ICBC Asia and HSBC Have Expressed Intent to Apply for Stablecoin Licenses to the Hong Kong Monetary Authority] Foresight News reports, citing unnamed sources from Sing Tao Daily, that ICBC Asia and HSBC have expressed their intent to apply for stablecoin licenses to the Hong Kong Monetary Authority (HKMA). It is currently unclear whether HSBC will formally submit its application by the end of this month. According to previous reports by Foresight News, citing the Hong Kong Economic Times, an HKMA spokesperson stated that as of August 31, there have been 77 expressions of intent to apply for stablecoin licenses submitted to the HKMA. These include banks, tech companies, securities/asset management/investment firms, e-commerce platforms, payment institutions, and startups/Web3 companies. The HKMA spokesperson reiterated that during the initial phase of implementing the regulations, only a limited number of stablecoin licenses will be approved.