[Hong Kong Stablecoin License Review Nearing Completion, Industry Reminds of Regulatory Policy Differences] According to Beijing Business Daily, the review and research work for Hong Kong's stablecoin license is nearing completion, maintaining a prudent stance. Industry insiders remind investors to pay attention to the differences in stablecoin regulatory policies between mainland China and Hong Kong, advising them to stay away from unlicensed stablecoin products. Cross-border participation in Hong Kong-licensed stablecoin businesses must comply with mainland foreign exchange and cross-border transaction regulations, and investors should be cautious of irrational investment risks triggered by market speculation.