Overview
- Experts at the 11th Global Blockchain Summit in Shanghai urged tighter Hong Kong–mainland collaboration to advance crypto infrastructure and common standards.
- Cyberport’s Rachel Lee signaled plans to work more closely with mainland stakeholders as Hong Kong builds regulated trading and financing under its August Stablecoin Ordinance.
- Solana Foundation president Lily Liu said the group has heavily supported China’s developer ecosystem over the past two years and seeks deeper work on decentralized payments and AI.
- A Hong Kong Legislative Council bulletin indicated the city is seeking central government support to explore an offshore RMB‑backed stablecoin.
- Despite growing interest, China’s 2021 trading ban remains in effect, Chainalysis data shows both markets lag regional peers, and some firms paused Hong Kong licence plans after government warnings.