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$HSK
Positivity
1. If Ant International's planned Hong Kong listing is successful, it will have certain positive impacts for HSK. We hope to see future cooperation plans between the two parties emerge, (RWA (cross-border settlement) institutional cooperation, while also serving as an entry point for mainland user inflow (outflow).
Risk: However, Ant International has platforms under its umbrella (Wise), which will inevitably create competition, potentially cutting possibilities in half.