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Xiao Feng: Supporting the implementation of compliant stablecoins, Hong Kong's digital financial system enters a new stage

HashKey Group Chairman Xiao Feng previously stated in an exclusive interview with Hong Kong Wen Wei Po that the issuance of the first batch of stablecoin licenses in Hong Kong is an important step for the local digital asset market. He pointed out that this move marks a further acceleration of Hong Kong's process of tokenizing fiat currency and fills a critical gap in the clearing and payment infrastructure of the digital financial system.In addition to serving cross-border payments and trade settlements, Hong Kong stablecoins will also play a core role as a medium for digital asset transactions. Xiao Feng suggested that, in the long run, their greater value lies in supporting micro, cross-border, and programmable payments between AI entities, and creating synergies with scenarios involving real-world assets (RWA) and on-chain clearing, helping Hong Kong occupy a more critical position in the global evolution of digital assets and digital financial systems.He also stated that HashKey's trading platform will adhere to the principles of openness and compliance, supporting stablecoin issuers and related products that meet regulatory requirements, and jointly promoting the healthy development of the ecosystem. Currently, HashKey is actively engaging in substantive cooperation discussions with licensed stablecoin issuers and welcomes stablecoin institutions planning to issue in compliance in Hong Kong to establish partnerships with them.As a core participant in Hong Kong's digital asset market, HashKey will leverage its existing licensed compliance system, fiat channels, and industry resources to support the trading launch of compliant stablecoins, liquidity support, payment scenario expansion, and the implementation of related application scenarios, promoting the orderly development of the industry ecosystem.

Hu Xiaowei, an associate of the Prince Group in Cambodia, has been sanctioned by the UK

According to Caixin, after being detained for more than two months, the UK has further imposed sanctions on a Southeast Asian fraud network, which includes Hu Xiaowei, who is closely associated with Chen Zhi, the founder of the Prince Group. The UK government refers to Hu Xiaowei as "Chen Zhi's long-term collaborator" in the Prince Group, with their association originating from the "Legend" private server, and later jointly establishing companies both domestically and internationally.The UK government website announced this sanction information on March 26, targeting multiple individuals and entities related to the Prince Group. Chen Zhi, 38, is the founder of the Prince Group, hailing from a fishing village in Fujian. He previously operated an internet café and worked as a network administrator, starting out by hacking and "robbing" the "Legend" private server. He moved to Southeast Asia over a decade ago and changed his nationality to Cambodian, quickly controlling a global telecom fraud network, earning millions daily in his duke position, with a net worth of several billion dollars. The Bitcoin seized by the US alone is valued at $15 billion. At the height of his power, Chen Zhi also expanded his operations in Singapore, the UK, and Taiwan, China. In early January 2026, he was stripped of his Cambodian nationality and extradited back to China for multiple crimes, including fraud, illegal business operations, and concealing criminal proceeds.

Hurun Report: The commonly used information platforms for high-net-worth individuals are Xiaohongshu and Douyin, and the commonly used AIs are DeepSeek and Doubao

The Hurun Research Institute today released the "2026 Hurun Quality Life Report for High Net Worth Individuals in China," which states: "The commonly used information platforms are Xiaohongshu and Douyin, the commonly used AIs are DeepSeek and Doubao, and the most followed financial bloggers are Wu Xiaobo Channel, Xiao Lin Says, and Ren Zeping."61% of the surveyed high net worth individuals frequently use Xiaohongshu for information, which is 13 percentage points higher than Douyin. 32% of high net worth individuals frequently watch WeChat Video Accounts, and 24% frequently watch Bilibili. The enthusiasm for Eastmoney and Zhihu exceeds 20%, while Tonghuashun and Wind Info receive 14% enthusiasm.By age group, over 70% of U25 individuals use Xiaohongshu and Douyin as their most common information platforms, while U40 and those over 45 prefer to use Video Accounts. The audience for professional investment software like Eastmoney, Wind Info, and Tonghuashun is mainly U35 and U40.The top three financial bloggers that high net worth individuals most frequently follow are Wu Xiaobo Channel (38%), Xiao Lin Says (23%), and Ren Zeping (17%).The most commonly used AI assistants among the surveyed high net worth individuals are DeepSeek and Doubao. By age group, U25 most frequently uses ChatGPT, while U30, U35, U40, and U45 predominantly use DeepSeek, and respondents over 45 most frequently use Doubao.

Beijing Business Today: The chaos of cryptocurrency speculation has infiltrated platforms such as Xiaohongshu, Taobao, and Xianyu

Beijing Business Daily Financial Investigation Team published an article titled "The Surge of Cryptocurrency Speculators into Social Platforms," which points out that the chaos of cryptocurrency speculation has infiltrated platforms such as Xiaohongshu, Taobao, and Xianyu. What appears to be lifestyle sharing, newcomer benefits, or product links is, in fact, a diversion for cryptocurrency speculation, brewing a carefully woven hunting trap for ordinary people. From the perspective of diversion methods, it can be roughly divided into several situations, such as creating topics to build IP and setting up advertising links on platforms. Industry insiders believe that a "counter-hunting" battle against the chaos of cryptocurrency speculation has also begun, but to completely end this game, a joint effort from regulators, platforms, and users is needed.Not long ago, Pan Gongsheng, the governor of the People's Bank of China, publicly stated that efforts to crack down on the operation and speculation of virtual currencies within the country would continue. Since 2017, the People's Bank of China, together with relevant departments, has issued multiple policy documents to prevent and address the risks of domestic virtual currency trading and speculation, and these policy documents remain effective. In the next step, the People's Bank of China will continue to work with law enforcement agencies to combat the operation and speculation of virtual currencies within the country, maintain economic and financial order, and closely monitor and dynamically assess the development of overseas stablecoin values.
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