According to online reports, Shen Jianguang, vice president and chief economist of Jingdong Group, said that currently, Jingdong has entered the "sandbox" testing stage of stablecoin issuance in Hong Kong. The formulation of stablecoin-related bills in Hong Kong is still in progress and there are no clear terms yet. It is expected that after Hong Kong's "Stable Coin Bill" is approved, the Hong Kong Monetary Authority will be able to officially issue specific completion details for the stablecoin accordingly. (Every Jingwang)