Hong Kong 🇭🇰 stablecoin license about to be issued‼️

According to market news:
• Expected to issue 3-5 licenses
• Currently 36 institutions have applied
• Approval rate likely below 10%

The most concerned market question is:
Who is most likely to get the first batch of licenses?

Currently, the main camps discussed in the industry mainly include:

I. Internet and Industrial Capital Camp
• JD.com
• China Times Publishing
• Bonded Technology
• Cuiwei Co., Ltd.

II. Fintech Camp
• Ant Group related ecosystem
• Xinneng Technology
• Langxin Technology
• Jinzheng Technology

III. Traditional Finance and Payment Camp
• Big Three Banks system
• Yuyin Co., Ltd.
• Sifang Jingchuang
• Huafeng Superfiber

If viewed from compliance capability + technical capability + capital strength,
the market generally believes:
Internet giants + bank-affiliated institutions
have a higher probability of obtaining the first batch of licenses.

After all, the essence of stablecoins is:
financial infrastructure + regulatory technology combination.