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36 sats \ 0 replies \ @rogerh OP 19h \ parent \ on: I’m Roger Huang, Bitcoin journalist and author of “Would Mao Hold Bitcoin”. AMA AMA
China has firewalled Hong Kong from the Mainland - for example, Mainland investors are not allowed to invest in the spot ETFs. HK is being positioned to attract capital, though not very successfully in my mind. I think there’s structural reasons why China won’t intervene further - and I think they’re trying the stablecoin playbook in HK in order to understand what it might take to keep external and internal investors interested.