The Hong Kong Monetary Authority announced the list of the first batch of stablecoin issuers' licenses, issuing two stablecoin licenses, including HSBC and Standard Chartered Bank, as well as Anli Group and Hong Kong Telecom (6823) establishing a joint venture, Dingdian Financial Technology Limited. They received 36 applications and are conducting careful review day and night. The criteria cover multiple aspects, including business plans, understanding the issuer's functions, risk management practices and experience, applications that are reasonable and can bring value to the overall ecosystem, and compliance with laws and regulations in Hong Kong and other regions.