TechFlame, on August 22, Tencent News looked forward to writing “The stablecoin boom boosts the influx of Chinese institutions into RWA, industry insiders are calling for cooling down”, which indicates that Hong Kong's financial community is beginning to stratify, foreign-funded institutions are studying quantification, hedging, and IPOs, while Chinese institutions are beginning to study RWA. Chinese financial institutions in Hong Kong are actively experimenting with RWA. A head of a leading fund company in Hong Kong said that in the past period, many institutions have received requests from domestic headquarters to try to explore business opportunities for RWA projects. Like most financial products in Hong Kong, these Chinese financial institutions need a large number of lawyers to participate in exploring RWA projects. This has also led to an increase in the business of some Hong Kong law firms in the cryptocurrency sector, including King & Wood Mallesons
and Junhe Law Firm.Furthermore, a head of asset management of state-owned enterprises stationed abroad in Hong Kong said, “The current wave is actually top-down (top down). The headquarters hopes that institutions based in Hong Kong will try to do RWA to prepare for the ecological development after stablecoins are issued in the future.
”