In a report issued by China Galaxy Securities, the introduction of stablecoin regulations in Hong Kong signifies the establishment of the world's pioneering regulatory framework for fiat-backed stablecoins. These regulations not only enable low-cost and efficient settlements for real-world assets (RWA) but also bolster their liquidity and foster innovative applications. Key areas of focus encompass supporting the issuance of stablecoins, integrating new energy with RWA, and providing technical assistance to the entire industry chain.