According to online reports, when Xu Zhengyu, Secretary for Financial Services and the Treasury of Hong Kong, who was attending the Lujiazui Forum in Shanghai, was asked in an interview with the media whether stablecoins were possible to be pegged to the RMB, he pointed out that from the perspective of Hong Kong regulations, this possibility is not ruled out. The law allows different legal currencies to be used as the underlying benchmark for stablecoins, but pegging the RMB must consider the country's exchange rate and monetary policy, and the risks, advantages and disadvantages need to be comprehensively weighed.