Core Viewpoint - The Hong Kong Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA) have jointly released a "Roadmap for the Development of Fixed Income and Currency Markets" to strategically position Hong Kong as a global hub for fixed income and currency markets [1][2] Group 1: Key Measures and Initiatives - The roadmap outlines four key pillars: primary market issuance, secondary market liquidity, offshore RMB business, and next-generation infrastructure [1] - Ten initiatives are proposed to consolidate Hong Kong's existing advantages, including attracting issuers to use Hong Kong as a fundraising hub and providing risk management and liquidity management tools [1] - The roadmap emphasizes the need to enhance the scale and liquidity of offshore RMB usage and to develop new financial infrastructure to empower market innovation [1] Group 2: Stakeholder Engagement and Future Directions - A forum titled "Hong Kong Fixed Income and Currency Forum 2025" was successfully held to discuss opportunities, challenges, and new trends in the global fixed income and currency markets, gathering senior government officials and financial institution leaders [1] - The SFC Chairman highlighted the importance of the fixed income and currency market as a key driver for global capital flow, which significantly impacts Hong Kong's international standing and long-term development [2] - The HKMA President stated that the roadmap will guide efforts to strengthen Hong Kong's position as a leading offshore RMB business hub while promoting innovation in response to market changes [2]

Core Viewpoint - The Hong Kong Monetary Authority (HKMA) has denied rumors regarding the issuance of the world's first offshore RMB-pegged stablecoin, stating that such news is false and that no stablecoin has been issued in Hong Kong as of now [1]. Group 1: Regulatory Framework - The "Stablecoin Ordinance" in Hong Kong will officially take effect on August 1, 2025, requiring anyone issuing fiat stablecoins or promoting their issuance to obtain a license from the HKMA [1]. - Currently, the HKMA has not issued any stablecoin issuer licenses, making any issuance or promotional activities illegal [1]. Group 2: Public Advisory - The HKMA has urged the public to remain vigilant against promotions of stablecoins and to verify the licensing status of any stablecoin issuers through official announcements [1]. - The HKMA will monitor the market for any activities related to stablecoin transactions and may take further action if violations of the "Stablecoin Ordinance" are detected [1].

格隆汇9月25日｜美国SEC主席Paul S. Atkins在《Mornings with Maria》节目中表示，SEC正与CFTC密切 合作，推动市场结构立法，包括联合圆桌会议和未来联合规则制定。他指出，需为加密资产市场提供明 确监管框架，并提出创新豁免以支持链上资本市场发展。此外，SEC将审视IPO报告要求及零售投资者 参与私募市场的多样化机会。 ...

Core Viewpoint - The Hong Kong Monetary Authority (HKMA) has issued a warning regarding false news circulating on social media about the issuance of the world's first offshore RMB-pegged stablecoin in Hong Kong [1] Summary by Relevant Sections - The HKMA clarified that the "Stablecoin Regulation" will officially take effect on August 1, 2025, and any entity wishing to issue fiat stablecoins or promote their issuance to the public in Hong Kong must obtain a stablecoin issuer license from the HKMA [1] - Currently, the HKMA has not issued any stablecoin issuer licenses, making any issuance or promotional activities related to stablecoins illegal [1]

Group 1 - The Hong Kong Monetary Authority (HKMA) has issued a notification stating that there are currently no offshore RMB stablecoins issued in Hong Kong [1] - The HKMA clarified that recent social media claims about the issuance of the world's first offshore RMB-linked stablecoin in Hong Kong are false news [1] - The Stablecoin Regulation will officially take effect on August 1, 2025, requiring anyone issuing fiat stablecoins in Hong Kong to obtain a license from the HKMA [1] Group 2 - Currently, there are no licensed stablecoin issuers, and the list will be updated accordingly [2] - The HKMA emphasized that any issuance or promotional activities related to stablecoins without a license are illegal, urging the public to remain vigilant against such promotions [2] - The HKMA will monitor the market for any activities related to stablecoin transactions and may take further action if violations of the Stablecoin Regulation are detected [2]

Core Viewpoint - The Hong Kong Monetary Authority (HKMA) has issued a warning regarding false news circulating on social media about the issuance of the world's first offshore renminbi-linked stablecoin in Hong Kong, urging the public to be cautious and not to trust misleading information [1]. Group 1 - The HKMA emphasized that the Stablecoin Regulation will officially take effect on August 1, 2025, and any entity issuing fiat stablecoins or actively promoting stablecoin issuance to the public in Hong Kong must obtain a stablecoin issuer license from the HKMA [1]. - Currently, the HKMA has not issued any stablecoin issuer licenses, making any related issuance or promotional activities illegal [1]. - The HKMA will continue to monitor the market for stablecoin trading activities and will consider further actions if any violations of the Stablecoin Regulation are detected [1]. Group 2 - The HKMA encourages the public to closely monitor its official announcements and verify the licensing status of stablecoin issuers through the HKMA's official website to avoid losses due to false information [1].

Group 1 - The Hong Kong Monetary Authority (HKMA) issued a warning regarding false news circulating on social media about the issuance of the world's first offshore RMB-pegged stablecoin in Hong Kong [1] - The HKMA emphasized that the Stablecoin Regulation will officially take effect on August 1, 2025, and any entity issuing fiat stablecoins or promoting stablecoin activities to the public in Hong Kong must obtain a stablecoin issuer license from the HKMA [1] - Currently, the HKMA has not issued any stablecoin issuer licenses, making any related issuance or promotional activities illegal [1] Group 2 - The HKMA will continue to monitor the market for stablecoin trading activities and will consider further actions if any violations of the Stablecoin Regulation are detected [1] - The HKMA urged the public to closely follow its official announcements and verify the licensing status of stablecoin issuers through the HKMA's official website to avoid losses from misinformation [1]

Group 1: Capital Market Developments - The total market capitalization of the A-share market surpassed 100 trillion yuan for the first time in August, with over 90% of newly listed companies being technology-related or high-tech firms [1] - The market capitalization of the technology sector now accounts for over 25% of the A-share market, significantly higher than the combined market capitalization of the banking, non-banking financial, and real estate sectors [1] - Listed companies have shown a stronger commitment to returning value to investors, with total dividends and share buybacks reaching 10.6 trillion yuan over the past five years, an increase of over 80% compared to the previous five years [1] Group 2: Regulatory Environment - A fair and just market environment has been increasingly established during the "14th Five-Year Plan" period, with a focus on strict regulatory measures and enhanced transparency [1] - The China Securities Regulatory Commission has issued 2,214 administrative penalties for financial fraud, market manipulation, and insider trading, with fines totaling 41.4 billion yuan, marking increases of 58% and 30% respectively compared to the previous five-year period [1] Group 3: Foreign Exchange and Monetary Policy - The international balance of payments has remained stable, with the current account surplus to GDP ratio maintained within a reasonable range, and cross-border investment activities have been active [2] - The People's Bank of China has focused on improving the dual-pillar framework of monetary policy and macro-prudential policy, aiming for currency stability and financial stability [2][3] - The central bank has introduced a "technology board" in the bond market, contributing to a multi-tiered bond market framework with a rich variety of products and increased market activity [3] Group 4: Financial Risk Management - Significant progress has been made in preventing and resolving financial risks, with a focus on high-risk institutions and tailored reform strategies for different provinces [5] - The financial regulatory authority has actively addressed real estate and local debt risks, providing over 1.6 trillion yuan in funding support for key housing projects and ensuring the delivery of nearly 2 million housing units [5]

（原标题：时报图说丨干货速览！中国证监会主席吴清最新发声） ...

Group 1 - The Chinese financial sector has achieved significant accomplishments during the "14th Five-Year Plan" period, with comprehensive reforms and improvements in the financial governance system [1][2] - The People's Bank of China aims to ensure ample liquidity and support economic recovery by utilizing various monetary policy tools, while maintaining the stability of the RMB exchange rate [1][2] - The National Financial Regulatory Administration emphasizes the importance of risk prevention and resolution, successfully reducing the number of high-risk institutions and assets [2] Group 2 - The China Securities Regulatory Commission has focused on enhancing market stability and investor confidence, leading to a steady growth in both the quantity and quality of the capital market [2] - The foreign exchange sector has effectively balanced development and security, maintaining foreign exchange reserves above $3 trillion and improving services to the real economy [3] - Looking ahead to the "15th Five-Year Plan," the foreign exchange management system will be further enhanced to support China's modernization efforts [3]