On August 1, 2025, Hong Kong's "Stablecoin Regulation" will officially take effect, with the Hong Kong Monetary Authority setting a 6-month transition period and expecting to issue the first stablecoin issuer license by early next year. In terms of licensing, the authority emphasizes three key requirements: compliance, specificity, and sustainability, requiring license applicants to meet regulatory requirements and have specific business plans and application scenarios. Overall, the regulation establishes a legal foundation and regulatory framework for stablecoins in Hong Kong, and the digital asset industry will usher in a clearer and more predictable development environment.
On this matter, Shi Ziyuan, head of proprietary investment at China Renaissance, believes: "Through the Digital Asset Declaration 2.0, the 'Stablecoin Regulation', and licensing guidelines, Hong Kong continues to inject confidence and vitality into the healthy development of the digital asset industry. The legalization and compliance of stablecoins will help attract more mainstream institutions, quality capital, and innovative enterprises, promoting the construction and maturation of Hong Kong's digital asset financial ecosystem."
Previously, China Renaissance successfully invested in
This resolution marks China Renaissance's first step in the Web3.0 and digital asset fields, aimed at responding to the Hong Kong government's series of supportive policies for Web3.0 and digital asset industry development, leading innovation in technology fields. China Renaissance believes that Web3.0 and digital assets have enormous future development potential, in line with global financial and commercial development trends.
Shi Ziyuan added: "China Renaissance is committed to building a bridge between the Web2.0 and Web3.0 worlds. The company will continue to actively embrace the Web3.0 and digital asset industries, leveraging professional capabilities and quality resources through investment banking services, strategic funds, and direct investments to empower Hong Kong's digital industry ecosystem. We will apply to expand the SFC Type 1, 4, and 9 licenses to cover digital asset businesses, and look forward to working with industry partners to increase investment and construction in digital asset financial infrastructure, on-chain ecology, and RWA assets, jointly promoting stable and innovative industry development and helping Hong Kong build a global digital asset center."
